fraservaley board area DETACHED -MAY 2023
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY Therew ere 2,533 detached listingsin the FraserValey board areain M ay,27% aboveApriland 15% lowerthan May 2022. M ay detached hom esalesincreased by 12% m onth-over-m onth,to660,and were36% aboveM ay 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at26% ,reflected aselers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.4% VS 2022
▼ 2.0% VS 2022
▼ 15% VS 2022
▲ 36% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
26% 660 2,533
16% 485 2,964
0.4% -2% 59% 36% -15%
30% 591 1,998
8% 5% -12% 12% 27%
Thedetachedm edian pricein M aywas$1,500,000,a5% increasefrom Apriland 2.0% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,657,567,8% abovelast m onth and up 0.4% toM ay2022.
$1,536,365 $1,430,000
$1,657,567 $1,500,000
$1,651,213 $1,530,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,131
2,964
2,699
3,041
2,533
2,810
2,344
1.76
1.76
1.70
2,541
1.65
1,939
1.59
1.59
1,998
1,858
1,848
1,752
591
660
426
363
327
313
485
258
213
591
342
325
323
$1.53M $1.48M
$1.43M $1.50M
$1.42M $1.34M
$1.32M $1.32M $1.24M
$1.28M $1.28M $1.31M $1.35M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
700
600
500
400
44%
43%
300
40%
35%
32%
30%
200
18%
13%
100
8%
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
74 24 32%
25 11 44%
97 39 40%
202 87 43%
465 163 35%
701 213 30%
357 63 18%
218 28 13%
394 32 8%
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