fraservaley board area TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 56% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere799 townhom elistingsin theFraserValey board areain M ay,18% aboveApriland 36% lowerthan May 2022. M aytownhom esalesincreased by15% m onth-over-m onth,to445,and were24% aboveM ay 2022. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at56% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$850,000,a 1.3% increasefrom Apriland 2% below M ay2022. Theaveragesold pricewas$852,891,1.8% abovelast m onth;theaveragePSF salepricewas$537,up 0.7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
▼ 2% VS 2022
▼ 36% VS 2022
▲ 24% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 57% 388 679
% Change
TOTALLISTINGS TOTALSALES
56% 445 799
29% 360 1,248
93% 24% -36%
0.7% 1.8% 1.3% -3% 15% 18%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$537 $852,891 $850,000
$533 $838,093 $838,950
$562 $883,327 $870,000
-4% -3% -2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,307
1,248
1,330
1,17
1,156
945
1,001
799
684
751
684
679
661 390
361
445
283
360
245
388
242
234
235
189
169
154
$870K $855K $843K
$808K $839K $850K
$790K $780K $770K $798K $745K $745K $770K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
350
102
4+ bdrms
300
223
250
235
61% 60%
3 bdrms
57%
200
414
48%
150
28%
107
26%
100
2 bdrms
157
50
0
5 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
19 5 26%
44 21 48%
237 134 57%
353 216 61%
99 59 60%
36 10 28%
11 0 n/a
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