fraservaley board area DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therew ere 1,939 detached listingsin the FraserValey board areain M arch,5% aboveFebruaryand 13% lower than M arch 2022. M arch detached hom esalesincreased by 83% m onth-over-m onth,to 591,and were42% below M arch 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at30% ,reflected aselers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 22% VS 2022
▼ 21% VS 2022
▼ 13% VS 2022
▼ 42% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change -22% -21% -33% -42% -13%
No.
% Change
TOTALLISTINGS TOTALSALES
30% 591 1,939
1,013 2,233
17% 323 1,848
74% 83% 5%
Thedetachedm edian pricein M arch was$1,348,000,a 3% increasefrom Februaryand 21% below M arch 2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,824,505 $1,699,900 45%
Theaveragesold pricewas$1,421,941,0.7% below last m onth and down 22% toM arch 2022.
$1,431,933 $1,311,000
-0.7% 3%
$1,421,941 $1,348,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,964
3,131
2,699
3,041
2,810
2,344
1.79
2,588
2,541
1.70
2,233
1.67
1.67
1.58
1,939
1.54
1,858
1,848
1,752
1,013
426
591
364
327
313
258
603
213
485
343
325
323
$1.70M $1.61M
$1.53M $1.48M
$1.42M $1.34M $1.32M $1.32M
$1.24M $1.29M $1.28M $1.31M $1.35M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
500
91%
400
81%
65%
300
52%
48%
200
23%
17%
100
8%
5%
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-L RATIO SALES INVENTORY
67 32 48%
23 21 91%
80 52 65%
156 126 81%
318 164 52%
500 116 23%
290 50 17%
182 15 8%
323 15 5%
Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
11
Made with FlippingBook - professional solution for displaying marketing and sales documents online