fraservaleyboardarea DETACHED-MARCH 202
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,226detachedlistingsintheFraserValey boardareainMarch,24%aboveFebruaryand3%lower thanMarch2021. Marchdetachedhomesalesincreasedby38% month-over-month,to1,028,andwere33%belowMarch 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at46%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2021
▲ 28% VS2021
▼ 3% VS2021
▼ 33% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
1,028 2,226
1,530 2,304
26% 28% -30% -33% -3%
-5% -4% 11% 38% 24%
42% 747 1,788
ThedetachedmedianpriceinMarchwas$1,700,000,a 4%decreasefromFebruaryand28%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,828,675 $1,700,000 46%
$1,456,859 $1,330,500 66%
$1,926,698 $1,777,000
Theaveragesoldpricewas$1,828,675,5%belowlast monthandup26%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,226
1.89
1.83
1.79
2,304
2,185
1,788
1.70
1,741
1.67
1.61
1,843
1,530
1,321
1,306
1,514
1,382
909
1,028
841
807
1,054
959
850
777
744
747
696
523
$1.70M $1.78M
$1.75M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M
$1.34M
$1.33M
$1.31M
$1.29M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
800
700
600
500
65%
61%
61%
400
49%
48%
47%
300
32%
200
16%
100
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
57 35 61%
8 0 n/a
37 18 49%
107 70 65%
374 178 48%
727 443 61%
335 156 47%
216 70 32%
365 58 16%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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