fraservaley board area CONDO -NOVEMBER 202
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,234 condolistingsin theFraserValey board areain N ovem ber,5% below O ctoberand 87% higherthan N ovem ber2021. N ovem bercondosalesdecreased by0.7% m onth-over-m onth,to 273,and were56% below N ovem ber2021. Thesales-to-listing ratio forcondosin the FraserValey board area,at22% ,reflected aselers'm arket. Thecondom edian pricein N ovem berwas$490,000,a 3% decreasefrom O ctoberand 4% below N ovem ber 2021. Theaveragesold pricewas$511,514,1.6% below last m onth;theaveragePSF salepricewas$603,up 2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 2% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2021
▼ 4% VS 2021
▲ 87% VS 2021
▼ 56% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 93% 614 660
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
22% 273 1,234
-76% -56% 87%
21% 275 1,302
2% -1.6% -3% 5% -0.7% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$603 $511,514 $490,000
$590 $520,066 $505,000
$616 $528,700 $510,000
-2% -3% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2021 ● NOV 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,231
1,314
1,234
1,303 1,302
1,290
1,234
849
997
764
614 660
801
542
407
548
517
451
415
420
373
356
273
304
280
275
$564K $572K $570K
$567K $548K $540K $535K
$510K $529K
$515K $500K $505K $490K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
600
4+ bdrms
3
500
12
400
3 bdrms
76
300
38%
31%
200
164
23%
2 bdrms
17%
762
13% 12%
100
0
97
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
171 65 38%
661 155 23%
323 42 13%
43 5 12%
16 5 31%
6 1 17%
6 0 n/a
8 0 n/a
393
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