the rennie review - January 2023

fraservaley board area TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 21% BALANCEDM ARKET

▶ MARKETSUMMARY Therewere751 townhom elistingsin theFraserValey board areain D ecem ber,21% below N ovem berand 276% higherthan D ecem ber2021. D ecem bertownhom esalesdecreased by19% m onth-over-m onth,to154,and were63% below D ecem ber2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at21% ,reflected abalanced m arket. Thetownhom em edian pricein D ecem berwas$745,000, a7% decreasefrom N ovem berand 14% below D ecem ber 2021. Theaveragesold pricewas$742,267,8% below last m onth;theaveragePSF salepricewas$480,down 6% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 16% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 14% VS2021

▼ 14% VS2021

▲ 276% VS2021

▼ 63% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 417 200

%Change -16% -14% -14% -90% -63% 276%

No. 20% 189 945

%Change

TOTALLISTINGS TOTALSALES

21% 154 751

-19% -21%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$572 $866,519 $870,000 209%

-6% -8% -7% 3%

$480 $742,267 $745,000

$510 $809,737 $798,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,307

1,248

1,330

1,17

1,156

945

924

1,084

1,001

628

621

751

361

417

320

283

444

245

391

360

290

200

234

236

154

189

$970K $950K $913K

$870K $855K $843K

$870K $930K

$790K $780K $770K $798K $745K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

300

31

4+bdrms

250

209

200

82

57%

3bdrms

381

150

100

28%

40

2bdrms

14% 12%

155

50

4%

3%

0

1

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2bdrms

S-LRATIO SALES INVENTORY

26 1 4%

56 32 57%

238 66 28%

298 43 14%

95 11 12%

32 1 3%

6 0 n/a

6

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