fraservaleyboardarea CONDO-MARCH 202
SALESTO LISTINGSRATIO 94% SELLERS'MARKET
▶ MARKETSUMMARY Therewere849condolistingsintheFraserValeyboard areainMarch,11%aboveFebruaryand29%lowerthan March2021. Marchcondosalesincreasedby55%month-over-month, to802,andwere0.5%belowMarch2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 34% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2021
▲ 30% VS2021
▼ 28% VS2021
▼ 0.4% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 68% 518 764
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at94%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
94% 802 849
68% 806 1,190
34% 30% 30% 39% -0.5% -29%
39% 55% 11%
ThecondomedianpriceinMarchwas$570,000,a0.2% decreasefromFebruaryand30%aboveMarch2021. Theaveragesoldpricewas$599,563,1.5%belowlast month;theaveragePSFsalepricewas$708,down3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$708 $599,563 $570,000
$728 $608,945 $571,250
-3% -1.5% -0.2%
$530 $462,864 $438,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,271
1,344
1,163
1,287
1,190
905
778
937
849
764
806
660
802
779
598
542
689
614
614
562 555
555
518
416
420
373
$571K
$570K
$565K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
3
100%+
100%
400
94%
4+bdrms
75%
300
69%
67%
67%
33
3bdrms
55
50%
200
492
2bdrms
100
510
0
274
<$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
77 53 69%
433 405 94%
256 290 113%
46 31 67%
22 11 50%
8 6 75%
4 4 100%
3 2 67%
284
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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