the rennie review - July 2023

fraservaley board area CONDO -JUNE 2023

SALES TO LISTINGSRATIO 45% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,272 condolistingsin theFraserValey board areain June,7% aboveM ayand 3% lowerthan June2022. Junecondo salesincreased by10% m onth-over-m onth,to 570,and were40% aboveJune2022.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 5% VS 2022

▼ 2% VS 2022

▼ 3% VS 2022

▲ 40% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the FraserValey board area,at45% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

45% 570 1,272

31% 406 1,318

-5% -5% -2% 45% 40% -3%

43% 517 1,189

1.6% -0.9% -1.4% 3% 10% 7%

Thecondom edian pricein Junewas$527,500,a1.4% decreasefrom M ayand 2% below June2022. Theaveragesold pricewas$552,028,0.9% below last m onth;theaveragePSF salepricewas$665,up 1.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$665 $552,028 $527,500

$654 $557,029 $535,000

$696 $578,399 $539,800

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,318

1,237

1,272

1,189

1,306 1,303

1,294

1,236

1,073

1,060

1,062

1,017

975

491

570

517

406

487

273

356

305

285

279 277

217

198

$540K $535K

$515K $500K $505K $490K $485K

$497K $499K $510K $510K $535K $528K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

4+ bdrms

3

500

400

19

3 bdrms

56%

53%

84

300

45%

35%

200

28%

360

2 bdrms

17%

749

100

8%

8%

0

191

<$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

119 67 56%

631 332 53%

391 137 35%

75 21 28%

20 9 45%

12 1 8%

12 2 17%

8%

436

12 1

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