fraservaley board area CONDO -DECEMBER 202
SALESTO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 10% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS2021
▼ 8% VS2021
▲ 161% VS2021
▼ 60% VS2021
Therewere975 condolistingsin theFraserValeyboard areain D ecem ber,21% below N ovem berand 161% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 20% m onth-over-m onth,to218,and were60% below D ecem ber2021. Thesales-to-listing ratio forcondosin theFraserValey board area,at22% ,reflected aselers'm arket. Thecondom edian pricein D ecem berwas$485,000,a 1.0% decreasefrom N ovem berand 8% below D ecem ber 2021. Theaveragesold pricewas$496,496,3% below last m onth;theaveragePSF salepricewas$591,down 2.0% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 543 373
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
22% 218 975
-10% -10% -8% -85% -60% 161%
22% 273 1,237
1.3% -20% -21%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$659 $550,288 $529,000 146%
$591 $496,496 $485,000
$603 $511,514 $490,000
-2% -3% -1%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,234
1,318
1,306 1,303
1,294
1,236
851
997
975
766
801
543
407
550
518
373
451
273
415
420
356
305
218
280
277
$570K $566K $548K $540K $535K
$564K $574K
$529K
$515K $500K $505K $490K $485K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
4+bdrms
2
400
10
300
3bdrms
59
200
35%
131
25%
2bdrms
17%
100
596
13% 15%
0
77
<$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
132 46 35%
516 131 25%
261 35 13%
33 5 15%
15 0 n/a
6 1 17%
4 0 n/a
8 0 n/a
318
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