fraservaleyboardarea DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 51% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,512detachedlistingsintheFraserValey boardareainOctober,13%belowSeptemberand46% lowerthanOctober2020. Octoberdetachedhomesalesincreasedby5% month-over-month,to778,andwere27%belowOctober 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at51%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,453,050,a 3%increasefromSeptemberand37%aboveOctober 2020. Theaveragesoldpricewas$1,580,719,4%abovelast monthandup35%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2020
▲ 37% VS2020
▼ 46% VS2020
▼ 27% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
51% 778 1,512
1,071 2,778
35% 37% 33% -27% -46%
43% 744 1,741
4% 3% 20% 5% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,174,171 $1,060,000 39%
$1,525,574 $1,412,500
$1,580,719 $1,453,050
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,778
2,944
2,584
2,828
2,304
2,238
1.85
1.85
1.76
2,185
1,741
1.63
1.62
1,597
1,530
1,515
1,843
1.54
1,512
1,322
1,184
1,520
1,048
1,382
968
1,071
841
959
778
850
743
744
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
$1.10M
$1.06M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+
93%
300
88%
250
65%
63%
200
150
42%
33%
100
20%
50
7%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
66 22 33%
19 12 63%
43 38 88%
120 135 113%
237 220 93%
344 222 65%
183 76 42%
147 29 20%
353 24 7%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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