fraservaley board area CONDO -MARCH 2023
SALES TO LISTINGSRATIO 46% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,061 condolistingsin theFraserValey board areain M arch,1.1% below Februaryand 25% higherthan M arch 2022. M arch condosalesincreased by72% m onth-over-m onth, to491,and were39% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2022
▼ 11% VS 2022
▲ 25% VS 2022
▼ 39% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 94% 801 851
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at46% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
46% 491 1,061
-12% -12% -11% -51% -39% 25%
27% 285 1,073
2% 1.3% 2% 74% 72% -1.1%
Thecondom edian pricein M arch was$510,000,a2% increasefrom Februaryand 11% below M arch 2022. Theaveragesold pricewas$530,597,1.3% abovelast m onth;theaveragePSF salepricewas$623,up 2.0% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$623 $530,597 $510,000
$611 $524,017 $499,000
$708 $599,548 $570,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,234
1,318
1,306 1,303
1,294
1,236
1,073
1,061
851
1,017
997
975
801
491
406
549
451
273
356
305
285
279
277
217
198
$570K $566K $548K $540K
$535K $515K $500K $505K
$490K $485K $497K $499K $510K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
2 1
4+ bdrms
500
400
26
60%
58%
3 bdrms
300
52%
78
44%
35%
200
308
2 bdrms
624
100
13%
4%
0
156
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
137 79 58%
570 294 52%
263 93 35%
45 20 44%
23 1 4%
8 1 13%
5 3 60%
10 0 n/a
357
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