fraservaleyboardarea CONDO-SEPTEMBER 2021
SALESTO LISTINGSRATIO 62% SELLERS'MARKET
▶ MARKETSUMMARY Therewere905condolistingsintheFraserValeyboard areainSeptember,3%belowAugustand52%lowerthan September2020. Septembercondosalesdecreasedby6% month-over-month,to562,andwere17%above September2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at62%,reflectedaselers'market. ThecondomedianpriceinSeptemberwas$473,250,a 1.8%increasefromAugustand21%aboveSeptember 2020. Theaveragesoldpricewas$494,268,1.0%abovelast month;theaveragePSFsalepricewas$576,up3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 20% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2020
▲ 21% VS2020
▼ 52% VS2020
▲ 17% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 64% 598 937
%Change
TOTALLISTINGS TOTALSALES
62% 562 905
26% 480 1,868
20% 16% 21% 142% 17% -52%
-3% -6% -3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$576 $494,268 $473,250
$562 $489,516 $465,000
3% 1% 1.8%
$479 $426,705 $391,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,868
1,749
1,599
1,344
1,307
1,271
1,163
1,287
1,256
1,192 1,190
937
806
905
778
666
598
494
459
690
562
614
480
555
426
369
$473K
$465K
$450K
$450K
$450K
$446K
$438K
$430K
$415K
$405K
$393K
$398K
$391K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
2
4+bdrms
400
70% 72%
300
34
3bdrms
93
44%
200
39%
33%
357
22%
2bdrms
100
535
0
169
<$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
201 140 70%
465 336 72%
166 64 39%
32 14 44%
18 6 33%
9 2 22%
9 0 n/a
5 0 n/a
277
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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