the rennie review - October 2021

fraservaleyboardarea DETACHED-SEPTEMBER 2021

SALESTO LISTINGSRATIO 43% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,741detachedlistingsintheFraserValey boardareainSeptember,6%belowAugustand42% lowerthanSeptember2020. Septemberdetachedhomesalesdecreasedby11% month-over-month,to746,andwere27%below September2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at43%,reflectedaselers'market. ThedetachedmedianpriceinSeptemberwas $1,412,500,a4%increasefromAugustand35%above September2020. Theaveragesoldpricewas$1,524,808,3%abovelast monthandup31%toSeptember2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 31% VS2020

▲ 35% VS2020

▼ 42% VS2020

▼ 27% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

43% 746 1,741

1,022 3,019

31% 35% 27% -27% -42%

46% 841 1,843

3% 4% -6% -11% -6%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,167,098 $1,049,000 34%

$1,483,749 $1,358,000

$1,524,808 $1,412,500

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,944

3,019

2,828

2,778

2,584

2,304

2,238

1.85

1.85

1.77

2,185

1.62

1.58

1,597

1,741

1,530

1.52

1,843

1,322

1,184

1,515

1,520

1,071

1,048

1,382

1,022

841

968

961

746

850

743

$1.41M

$1.36M

$1.34M

$1.33M

$1.33M

$1.31M

$1.29M

$1.28M

$1.22M

$1.15M

$1.10M

$1.06M

$1.05M

Sep-20

Aug-21

Sep-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

400

91%

300

75%

69%

61%

200

50%

30%

24%

100

8%

6%

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

69 21 30%

20 10 50%

73 55 75%

165 150 91%

291 200 69%

368 223 61%

201 49 24%

168 13 8%

386 25 6%

Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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