fraservaleyboardarea CONDO-JUNE 2021
SALESTO LISTINGSRATIO 48% SELLER'SMARKET
▶ MARKETSUMMARY Therewere1,271condolistingsintheFraserValey boardareainJune,-1.2%belowMayand23%lowerthan June2020. Junecondosalesdecreasedby21%month-over-month, to614,andwere54%aboveJune2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 14% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2020
▲ 17% VS2020
▼ 23% VS2020
▲ 54% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at48%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
48% 614 1,271
24% 398 1,644
14% 17% 17% 100% 54% -23%
61% 779 1,286
-0.2% 1.8% 0.9% -20% -21% -1.2%
ThecondomedianpriceinJunewas$450,000,a0.9% increasefromMayand17%aboveJune2020. Theaveragesoldpricewas$469,556,1.8%abovelast month;theaveragePSFsalepricewas$529,up0.2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$529 $469,556 $450,000
$530 $461,110 $446,000
$464 $400,059 $385,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2020 ● JUN 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,783
1,749
1,868
1,857
1,599
1,644
1,343
1,307
1,271
1,286
1,256
1,191
806 1,189
779
666
494
614
480
459
690
423
398
426
417
369
$450K
$450K
$446K
$438K
$430K
$415K
$405K
$400K
$395K
$398K
$391K
$393K
$385K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
700
600
4+bdrms
5
500
32
62%
400
3bdrms
52%
126
300
33%
200
421
25% 22%
2bdrms
17%
14%
781
100
7%
0
161
<$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
319 198 62%
666 348 52%
198 49 25%
37 8 22%
24 8 33%
7 1 14%
14 1 7%
6 1 17%
359
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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