fraservaley board area TOWNHOME-MARCH 2023
SALES TO LISTINGSRATIO 59% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere660 townhom elistingsin theFraserValey board areain M arch,4% below Februaryand 29% lower than M arch 2022. M arch townhom esalesincreased by62% m onth-over-m onth,to 392,and were37% below M arch 2022. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at59% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$807,500,a 5% increasefrom Februaryand 15% below M arch 2022. Theaveragesold pricewas$812,970,5% abovelast m onth;theaveragePSF salepricewas$512,up 1.5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 16% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 16% VS 2022
▼ 15% VS 2022
▼ 29% VS 2022
▼ 37% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 67% 621 924
% Change -16% -16% -15% -12% -37% -29%
No. 35% 242 684
% Change
TOTALLISTINGS TOTALSALES
59% 392 660
1.5% 5% 5% 68% 62% -4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$512 $812,970 $807,500
$504 $775,908 $770,000
$612 $967,839 $949,900
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,307
1,248
1,330
1,17
1,156
945
1,084
924
1,001
684
621
751
660
684
361
392
283
245
391
360
242
234
236
189 154
169
$950K $913K
$870K $855K $843K
$790K $780K $770K $798K $745K $745K
$770K $808K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
300
96
4+ bdrms
250
180
79%
200
196
63%
3 bdrms
53% 53%
346
150
33%
31%
100
98
2 bdrms
15%
130
50
0
4 2
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
16 5 31%
49 31 63%
192 151 79%
292 155 53%
85 45 53%
20 3 15%
6 2 33%
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