fraservaleyboardarea DETACHED-JUNE 2021
SALESTO LISTINGSRATIO 37% SELLER'SMARKET
▶ MARKETSUMMARY Therewere2,584detachedlistingsintheFraserValey boardareainJune,9%belowMayand13%lowerthan June2020. Junedetachedhomesalesdecreasedby27% month-over-month,to962,andwere32%aboveJune 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at37%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 33% VS2020
▲ 32% VS2020
▼ 13% VS2020
▲ 32% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
37% 962 2,584
25% 729 2,968
33% 32% 52% 32% -13%
1,323 2,828
-1.2% -3% -20% -27% -9%
ThedetachedmedianpriceinJunewas$1,291,250,a3% decreasefromMayand32%aboveJune2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,469,004 $1,330,000 47%
Theaveragesoldpricewas$1,451,133,1.2%belowlast monthanddown33%toJune2020.
$1,451,133 $1,291,250
$1,093,731 $975,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,828
2,968
2,778
3,059 3,019
2,986
2,584
2,304
1.85
2,238
1.78
1.68
1.61
1.61
1,597
1,533
1.51
1,323
1,187
1,515 1,520
1,071
1,048
1,022
1,384
983
962
968
968
729
743
$1.34M
$1.33M $1.29M
$1.33M
$1.29M
$1.22M
$1.15M
$1.10M
$1.06M
$1.05M
$1.02M
$1.00M
$975K
Jun-20
May-21
Jun-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
500
78%
400
68%
57%
300
52%
40%
200
30%
18%
14%
100
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
58 23 40%
44 25 57%
152 119 78%
348 238 68%
536 277 52%
575 174 30%
261 47 18%
205 29 14%
405 30 7%
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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