fraservaleyboardarea TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 116% SELLERS'MARKET
▶ MARKETSUMMARY Therewere377townhomelistingsintheFraserValey boardareainNovember,8%belowOctoberand62% lowerthanNovember2020. Novembertownhomesalesdecreasedby14% month-over-month,to438,andwere18%below November2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at116%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$823,500, a5%increasefromOctoberand35%aboveNovember 2020. Theaveragesoldpricewas$823,841,4%abovelast month;theaveragePSFsalepricewas$534,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 37% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 32% VS2020
▲ 35% VS2020
▼ 62% VS2020
▼ 18% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 509 409
%Change
TOTALLISTINGS TOTALSALES
438 377
53% 533 1,002
118% -18% -62%
7% 4% 5% -7% -14% -8%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$534 $823,841 $823,500 116%
$499 $793,330 $786,000 124%
$391 $624,012 $608,000
37% 32% 35%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,002
872
846 706
786
787
775
710
687
759
552
659
641
514
509
533
567
438
531
512
506
479
462
448
377
409
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
$705K
$660K
$640K
$615K
$608K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
102
100%+
100%+ 100%+ 100%+
4+bdrms
93%
78
86%
150
67%
228 229
3bdrms
100
100
50
2bdrms
66
0
7
<$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
7 6 86%
35 38 109%
151 141 93%
143 206 144%
34 38 112%
4 6 150%
3 2 67%
0 1 n/a
5
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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