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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