fraservaleyboardarea TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY Therewere924townhomelistingsintheFraserValey boardareainMarch,47%aboveFebruaryand44% higherthanMarch2021. Marchtownhomesalesincreasedby39% month-over-month,to626,andwere19%belowMarch 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at68%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$949,950,a 2%decreasefromFebruaryand35%aboveMarch2021. Theaveragesoldpricewas$968,781,2%belowlast month;theaveragePSFsalepricewas$612,down4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 36% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 36% VS2021
▲ 35% VS2021
▲ 44% VS2021
▼ 19% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 775 641
%Change
No. 71% 449 628
%Change
TOTALLISTINGS TOTALSALES
68% 626 924
36% 36% 35% -44% -19% 44%
-4% -2% -2% -5% 39% 47%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$450 $713,841 $705,000 121%
$612 $968,781 $949,950
$638 $988,723 $970,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
872
924
846
787
775
710
706
759
626
552
641
514
628
509
567
438
416
512
479
449
447
320
409
376
291
200
$970K
$950K
$930K
$870K
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
$705K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
145
100%+
100%
400
4+bdrms
249
81%
300
66%
328
3bdrms
484
200
44%
36%
27%
150
2bdrms
100
186
0
5 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
11 3 27%
36 13 36%
197 87 44%
440 292 66%
163 167 102%
69 56 81%
8 8 100%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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