fraservaley board area DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 2,528 detached listingsin the FraserValey board areain O ctober,6% below Septem berand 67% higherthan October2021. O ctoberdetached hom esalesincreased by 0.3% m onth-over-m onth,to 326,and were58% below O ctober 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at13% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,314,000,a 0.5% decreasefrom Septem berand 10% below O ctober 2021. Theaveragesold pricewas$1,442,525,1.1% abovelast m onth and down 9% toOctober2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 9% VS 2021
▼ 10% VS 2021
▲ 67% VS 2021
▼ 58% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13% 326 2,528
51% 777 1,514
-9% -10% -75% -58% 67%
12% 325 2,684
1.1% -0.5% 6% 0.3% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,427,082 $1,320,000
$1,442,525 $1,314,000
$1,580,305 $1,452,100
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,122
2,957
2,684
3,031
2,798
1.85
2,528
2,227
2,581
1.71
1.69
1.63
1,788
1.56
1.52
1,514 1,306
1,013
909
806
1,054
777
426
739
362
694
607
522
326
484
344
325
$1.75M $1.78M $1.70M
$1.61M $1.53M $1.48M
$1.45M $1.56M $1.58M
$1.42M $1.34M $1.32M $1.31M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
700
600
500
400
300
31%
200
28%
21%
18%
11%
100
10%
6%
4%
3%
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-L RATIO SALES INVENTORY
96 11 11%
43 9 21%
134 38 28%
251 79 31%
444 82 18%
650 67 10%
296 19 6%
228 10 4%
386 11 3%
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