fraservaleyboardarea TOWNHOME-JANUARY 202
SALESTO LISTINGSRATIO 91% SELLERS'MARKET
▶ MARKETSUMMARY Therewere320townhomelistingsintheFraserValey boardareainJanuary,60%aboveDecemberand53% lowerthanJanuary2021. Januarytownhomesalesdecreasedby30% month-over-month,to291,andwere37%belowJanuary 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at91%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$930,000,a 7%changefromDecemberand45%aboveJanuary2021. Theaveragesoldpricewas$928,880,7%abovelast month;theaveragePSFsalepricewas$605,up6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 49% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 43% VS2021
▲ 45% VS2021
▼ 53% VS2021
▼ 37% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 67% 462 687
%Change
No. 416 200
%Change
TOTALLISTINGS TOTALSALES
91% 291 320
49% 43% 45% 35% -37% -53%
-56% -30% 60%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$573 $867,662 $870,000 208%
$605 $928,880 $930,000
6% 7% 7%
$406 $651,641 $640,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
786
787
775
872
846
710
687
759
706
552
641
514
509
567
438
531
416
512
479
462
448
320
409
376
291
200
$930K
$870K
$824K
$786K
$765K
$728K
$729K
$735K
$720K
$725K
$705K
$660K
$640K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
77 78
100%+
150
4+bdrms
81%
100
155
60%
57%
3bdrms
162
50%
33%
50
58
25%
2bdrms
79
0
<$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
8 2 25%
18 9 50%
86 49 57%
162 132 81%
33 92 279%
10 6 60%
3 1 33%
2
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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