fraservaleyboardarea CONDO-APRIL 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY Therewere996condolistingsintheFraserValeyboard areainApril,17%aboveMarchand26%lowerthanApril 2021. Aprilcondosalesdecreasedby31%month-over-month, to550,andwere20%belowApril2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 28% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 28% VS2021
▲ 26% VS2021
▼ 26% VS2021
▼ 20% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 95% 802 848
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at55%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
55% 550 996
51% 689 1,344
29% 29% 26% 8% -20% -26%
-1.8% 1.2% -0.6% -42% -31% 17%
ThecondomedianpriceinAprilwas$566,300,a0.6% decreasefromMarchand26%aboveApril2021. Theaveragesoldpricewas$606,584,1.2%abovelast month;theaveragePSFsalepricewas$695,down1.8% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$695 $606,584 $566,300
$708 $599,520 $570,000
$539 $470,069 $449,900
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,271
1,344
1,163
1,287
996
905
848
778
937 598
764
660
802
689
779
542
614
614
562
555
555
550
517
415
420
373
$572K
$570K
$564K
$566K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
100%
4+bdrms
400
30
300
58% 55% 55%
3bdrms
62
49%
200
35%
324
25% 25%
2bdrms
100
624
0
196
<$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
73 36 49%
500 290 58%
316 175 55%
58 32 55%
26 9 35%
12 3 25%
8 2 25%
3 3 100%
310
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 13 ●
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