fraservaleyboardarea TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 124% SELLERS'MARKET
▶ MARKETSUMMARY Therewere409townhomelistingsintheFraserValey boardareainOctober,20%belowSeptemberand65% lowerthanOctober2020. Octobertownhomesalesincreasedby14% month-over-month,to509,andwere17%belowOctober 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at124%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$786,000,a 3%increasefromSeptemberand30%aboveOctober 2020. Theaveragesoldpricewas$793,331,2%abovelast month;theaveragePSFsalepricewas$499,up1.7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 30% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 30% VS2020
▼ 65% VS2020
▼ 17% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 87% 448 514
%Change
TOTALLISTINGS TOTALSALES
509 409
52% 612 1,179
140% -17% -65%
1.7% 2% 3% 43% 14% -20%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$499 $793,331 $786,000 124%
$491 $776,909 $765,000
$383 $619,213 $603,750
30% 28% 30%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,179
1,002
872
846
786
787
775
710
687
759
706
552
612
659
514
641
409 509
567
533
531
513
506
479
462
448
$786K
$765K
$728K
$729K
$735K
$720K
$725K
$705K
$660K
$640K
$615K
$608K
$604K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
128
100%+
100%+ 100%+
100%+
200
4+bdrms
89%
98
84%
150
243
3bdrms
217
100
135
25%
2bdrms
50
89
0
3
<$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
12 14 117%
51 43 84%
158 219 139%
138 188 136%
38 34 89%
8 10 125%
4 1 25%
5
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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