fraservaley board area DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere1,858 detached listingsin theFraserValey board areain D ecem ber,21% below N ovem berand 103% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 17% m onth-over-m onth,to261,and were63% below D ecem ber2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at14% ,reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,280,000, a4% increasefrom N ovem berand 19% below D ecem ber 2021. Theaveragesold pricewas$1,386,797,4% abovelast m onth and down 20% toD ecem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 20% VS2021
▼ 19% VS2021
▲ 103% VS2021
▼ 63% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 76% 696 917
%Change -20% -19% -81% -63% 103%
%Change
No.
TOTALLISTINGS TOTALSALES
14% 261 1,858
-17% -21%
13% 313 2,344
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
4% 4% 5%
$1,328,294 $1,235,000
$1,386,797 $1,280,000
$1,740,355 $1,581,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,964
3,131
2,699
3,041
2,541
2,810
1.82
2,344
2,233
2,588
1.72
1.64
1.63
1.55
1,793
1.54
1,858
1,014
917
1,061
428
741
364
696
327
313
606
523
485
261
343
325
$1.75M $1.78M $1.70M
$1.61M $1.53M $1.48M
$1.58M
$1.42M $1.34M $1.32M $1.32M
$1.24M $1.28M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
400
300
200
39%
39%
33%
32%
100
19%
10%
8%
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-LRATIO SALES INVENTORY
64 25 39%
31 12 39%
95 31 33%
174 56 32%
311 58 19%
448 44 10%
226 17 8%
195 5 3%
314 13 4%
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