fraservaley board area CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,301 condolistingsin theFraserValey board areain O ctober,0.2% below Septem berand 67% higherthan October2021. O ctobercondo salesdecreased by 1.8% m onth-over-m onth,to 275,and were50% below O ctober 2021. Thesales-to-listing ratio forcondosin the FraserValey board area,at21% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$505,000,a1.0% increasefrom Septem berand 5% aboveO ctober2021. Theaveragesold pricewas$520,066,1.0% below last m onth;theaveragePSF salepricewas$590,down 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2021
▲ 5% VS 2021
▲ 67% VS 2021
▼ 50% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 71% 555 779
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 275 1,301
0.4% 4% 5% -70% -50% 67%
21% 280 1,303
-1.6% -1.8% -0.2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$590 $520,066 $505,000
$624 $525,338 $499,900
-6% -1% 1%
$587 $500,312 $480,900
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,231
1,301
1,314
1,303
1,290
1,234
849
997
764
779
660
801
542
555
614
407
548
517
451
415
420
373
356
275
304
280
$572K $570K $567K $548K
$540K $535K $515K
$529K $564K
$500K $505K
$481K $510K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
600
4+ bdrms
3
500
12
400
3 bdrms
76
300
200
172
25%
25% 25%
2 bdrms
20%
20%
14%
803
100
0
91
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
190 47 25%
670 165 25%
345 49 14%
55 11 20%
21 0 n/a
8 2 25%
5 1 20%
7 0 n/a
419
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