fraservaleyboardarea DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 50% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,054detachedlistingsintheFraserValey boardareainJanuary,16%aboveDecemberand31% lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby25% month-over-month,to525,andwere29%belowJanuary 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at50%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,750,000,a 10%increasefromDecemberand43%aboveJanuary 2021. Theaveragesoldpricewas$1,912,907,10%abovelast monthandup38%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 38% VS2021
▲ 43% VS2021
▼ 31% VS2021
▼ 28% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 77% 696 909
%Change
TOTALLISTINGS TOTALSALES
50% 525 1,054
49% 742 1,520
38% 43% 2% -29% -31%
10% 10% -35% -25% 16%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,738,522 $1,584,000
$1,912,907 $1,750,000
$1,384,671 $1,223,450
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,304
1.91
1.88
1.82
2,185
1,741
1.65
1.65
1,530
1,843
1.54
1,520
1,321
1,306
1,597
1,514
1,382
909
1,054
841
1,184
807
778
959
850
742
744
525
696
$1.75M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
$1.22M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
250
90%
200
63%
150
56%
51%
100
35%
32%
31%
20%
50
14%
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
43 15 35%
5 1 20%
19 6 32%
57 29 51%
142 79 56%
259 232 90%
144 90 63%
113 35 31%
272 38 14%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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