fraservaleyboardarea CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY Therewere764condolistingsintheFraserValeyboard areainFebruary,82%aboveJanuaryand36%lowerthan February2021. Februarycondosalesincreasedby25% month-over-month,to518,andwere22%below February2021. Thesales-to-listingratioforcondosintheFraserValey boardarea,at68%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$571,250,a 1.2%increasefromJanuaryand33%aboveFebruary 2021. Theaveragesoldpricewas$608,945,6%abovelast month;theaveragePSFsalepricewas$728,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 43% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 37% VS2021
▲ 33% VS2021
▼ 36% VS2021
▼ 22% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 99% 416 420
%Change
TOTALLISTINGS TOTALSALES
68% 518 764
56% 666 1,192
43% 37% 33% 21% -22% -36%
1.2% -32% 25% 82%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$728 $608,945 $571,250
$683 $575,866 $564,643
$509 $444,792 $430,000
7% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,344
1,271
1,163
1,287
1,192
1,190
905
806
778
937 598
764
660
779
666
542
689
614
614
518
562 555
555
416
373 420
$571K
$565K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
$430K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
400
3 1
100%+
4+bdrms
85%
300
71%
67%
28
63%
3bdrms
42
200
46%
298
26%
100
2bdrms
17%
482
0
191
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
84 39 46%
408 257 63%
204 174 85%
19 32 168%
27 7 26%
12 2 17%
7 5 71%
3 2 67%
237
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