fraservaley board area CONDO -MAY 2023
SALES TO LISTINGSRATIO 43% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,189 condolistingsin theFraserValey board areain M ay,12% aboveApriland 4% lowerthan May 2022. M aycondosalesincreased by6% m onth-over-m onth,to 517,and were15% aboveM ay2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.0% VS 2022
▼ 2% VS 2022
▼ 4% VS 2022
▲ 15% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at43% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
43% 517 1,189
37% 451 1,234
-2% -1% -2% 19% 15% -4%
46% 487 1,062
3% 2% 5% -5% 6% 12%
Thecondom edian pricein M aywas$535,000,a5% increasefrom Apriland 2% below M ay2022. Theaveragesold pricewas$557,029,2% abovelast m onth;theaveragePSF salepricewas$654,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$654 $557,029 $535,000
$636 $544,285 $510,000
$670 $562,917 $548,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,318
1,234
1,306
1,303
1,294
1,189
1,236
1,073
1,060
1,062
1,017
975
491
517
406
451
487
273
356
305
285
279
277
217
198
$548K $540K $535K
$515K $500K $505K $490K $485K $497K
$499K $510K $510K $535K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
3 1
4+ bdrms
500
400
33
3 bdrms
62
300
49% 48%
42%
37%
200
29% 30%
322
2 bdrms
18%
708
100
0
161
<$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
129 63 49%
618 296 48%
328 122 37%
65 27 42%
22 4 18%
7 2 29%
10 3 30%
10 0 n/a
416
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