fraservaleyboardarea DETACHED-APRIL 202
SALESTO LISTINGSRATIO 24% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,581detachedlistingsintheFraserValey boardareainApril,16%aboveMarchand12%lower thanApril2021. Aprildetachedhomesalesdecreasedby40% month-over-month,to612,andwere56%belowApril 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at24%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 18% VS2021
▲ 20% VS2021
▼ 12% VS2021
▼ 56% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
24% 612 2,581
1,382 2,944
18% 20% -49% -56% -12%
1,025 2,227
-48% -40% 16%
ThedetachedmedianpriceinAprilwas$1,614,500,a5% decreasefromMarchand20%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,831,423 $1,700,000 46%
$1,493,039 $1,342,500 47%
Theaveragesoldpricewas$1,762,961,4%belowlast monthandup18%toApril2021.
-4% -5%
$1,762,961 $1,614,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,581
2,227
1.84
1.79
1.77
2,185
1,788
1.67
1,741
1.62
1.61
1,843
1,321
1,306
1,382
1,514
1,025
909
841
807
1,054
959
850
777
744
744
696
612
523
$1.78M
$1.75M
$1.70M
$1.61M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.34M
$1.33M
$1.31M
$1.29M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
800
600
46%
400
40%
34%
33%
29%
25%
25%
200
12%
9%
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
63 25 40%
12 4 33%
41 14 34%
155 71 46%
421 121 29%
895 225 25%
333 84 25%
252 30 12%
409 38 9%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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