fraservaleyboardarea DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 62% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,306detachedlistingsintheFraserValey boardareainNovember,14%belowOctoberand42% lowerthanNovember2020. Novemberdetachedhomesalesincreasedby4% month-over-month,to807,andwere23%below November2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at62%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,555,000,a7%increasefromOctoberand41%above November2020. Theaveragesoldpricewas$1,692,032,7%abovelast monthandup35%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2020
▲ 41% VS2020
▼ 42% VS2020
▼ 23% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
62% 807 1,306
1,048 2,238
35% 41% 32% -23% -42%
51% 778 1,514
7% 7% 20% 4% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,254,238 $1,103,400 47%
$1,580,719 $1,453,050
$1,692,032 $1,555,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,304
2,238
1.89
1.85
1.81
2,185
1,741
1.63
1,597
1.61
1,530
1,515
1,843
1.53
1,322
1,184
1,520
1,514
1,306
1,382
1,048 967
841
778
807
959
850
743
744
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
$1.10M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+
300
97%
97%
94%
250
77%
200
57%
150
44%
32%
100
14%
50
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
56 32 57%
13 10 77%
36 35 97%
90 87 97%
184 189 103%
316 296 94%
162 72 44%
126 40 32%
323 46 14%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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