fraservaleyboardarea CONDO-JANUARY 202
SALESTO LISTINGSRATIO 100% SELLERS'MARKET
▶ MARKETSUMMARY Therewere420condolistingsintheFraserValeyboard areainJanuary,13%aboveDecemberand68%lower thanJanuary2021. Januarycondosalesdecreasedby23% month-over-month,to418,andwere13%aboveJanuary 2021. Thesales-to-listingratioforcondosintheFraserValey boardarea,at100%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$563,143,a7% changefromDecemberand36%aboveJanuary2021. Theaveragesoldpricewas$575,324,5%abovelast month;theaveragePSFsalepricewas$682,up4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 39% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 34% VS2021
▲ 36% VS2021
▼ 68% VS2021
▲ 13% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 544 373
%Change
TOTALLISTINGS TOTALSALES
418 420
28% 369 1,307
39% 34% 36% 253% 13% -68%
-32% -23% 13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$682 $575,324 $563,143 100%
$657 $549,812 $528,750 146%
4% 5% 7%
$489 $429,559 $415,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,344
1,271
1,307
1,163
1,287
1,192
1,190
905
806
778
937 598
666
660
779
544
689
614
614
562
555
555
420
418
369
373
$563K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
$430K
$415K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
3 1
100%+ 100%+
200
4+bdrms
150
22
61%
3bdrms
54%
33
100
258
26% 29%
50
2bdrms
235
0
137
<$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
72 39 54%
188 214 114%
97 141 145%
28 17 61%
19 5 26%
7 2 29%
7 0 n/a
2 0 n/a
149
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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