the rennie review - February 2022

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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