fraservaleyboardarea CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 71% SELLERS'MARKET
▶ MARKETSUMMARY Therewere779condolistingsintheFraserValeyboard areainOctober,14%belowSeptemberand55%lower thanOctober2020. Octobercondosalesdecreasedby1.2% month-over-month,to555,andwere12%aboveOctober 2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at71%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$480,900,a1.6% increasefromSeptemberand22%aboveOctober2020. Theaveragesoldpricewas$500,368,1.2%abovelast month;theaveragePSFsalepricewas$587,up1.9%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 25% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 22% VS2020
▼ 55% VS2020
▲ 12% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 62% 562 905
%Change
TOTALLISTINGS TOTALSALES
71% 555 779
28% 494 1,749
25% 21% 22% 152% 12% -55%
1.9% 1.2% 1.6% 15% -1.2% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$587 $500,368 $480,900
$576 $494,268 $473,250
$470 $414,961 $392,950
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,749
1,599
1,344
1,307
1,271
1,163
1,287
1,256
1,192 1,190
937
905
806
778
779
666
598
689
459
555
614 555
494
562
426
369
$481K
$473K
$465K
$450K
$446K
$450K
$450K
$438K
$430K
$415K
$405K
$398K
$393K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
400
4+bdrms
1
86%
81%
300
38
3bdrms
51%
73
200
331
26% 28% 25%
100
2bdrms
17% 20%
475
0
186
<$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
154 133 86%
403 326 81%
154 79 51%
31 8 26%
18 5 28%
8 2 25%
6 1 17%
5 1 20%
230
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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