fraservaleyboardarea CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 93% SELLERS'MARKET
▶ MARKETSUMMARY Therewere659condolistingsintheFraserValeyboard areainNovember,15%belowOctoberand59%lower thanNovember2020. Novembercondosalesincreasedby11% month-over-month,to614,andwere44%above November2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at93%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$510,000,a 6%increasefromOctoberand28%aboveNovember 2020. Theaveragesoldpricewas$528,701,6%abovelast month;theaveragePSFsalepricewas$616,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 33% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2020
▲ 28% VS2020
▼ 59% VS2020
▲ 44% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 71% 555 779
%Change
TOTALLISTINGS TOTALSALES
93% 614 659
27% 426 1,599
33% 27% 28% 250% 44% -59%
31% 11% -15%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$616 $528,701 $510,000
$587 $500,312 $480,900
5% 6% 6%
$463 $414,989 $397,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,599
1,344
1,307
1,271
1,163
1,287
1,256
1,192
1,190
905
806
778
598 937
666
779
659
689
459
614
614
562
555
555
426
369
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
$430K
$415K
$405K
$398K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+ 100%+
96%
4+bdrms
300
2
250
37
200
3bdrms
44
50%
150
40%
32%
387
100
2bdrms
410
50
0
190
<$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
113 108 96%
347 355 102%
122 127 104%
35 14 40%
22 7 32%
9 0 n/a
6 3 50%
5 0 n/a
203
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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