fraservaleyboardarea TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,084townhomelistingsintheFraserValey boardareainApril,17%aboveMarchand24%higher thanApril2021. Apriltownhomesalesdecreasedby37% month-over-month,to392,andwere48%belowApril 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at36%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$913,500,a4% decreasefromMarchand25%aboveApril2021. Theaveragesoldpricewas$933,310,4%belowlast month;theaveragePSFsalepricewas$583,down5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 26% VS2021
▲ 25% VS2021
▲ 24% VS2021
▼ 48% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 87% 759 872
%Change
No. 68% 625 925
%Change
TOTALLISTINGS TOTALSALES
36% 392 1,084
24% 26% 25% -58% -48% 24%
-46% -37% 17%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$583 $933,310 $913,500
$611 $968,123 $949,900
-5% -4% -4%
$470 $738,174 $728,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,084
925
846
759 872
787
710
706
628
625
552
514 509
438
567
416
512
479
320
447
448
409
392
376
290
200
$970K
$950K
$930K
$914K
$870K
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
82
4+bdrms
300
400
73%
203
300
3bdrms
54%
565
41%
200
36%
30%
29%
104
21%
2bdrms
100
216
0
3 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
14 3 21%
37 20 54%
236 71 30%
495 179 36%
218 90 41%
73 21 29%
11 8 73%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 12 ●
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