fraservaleyboardarea DETACHED-JULY 2021
SALESTO LISTINGSRATIO 39% SELLER'SMARKET
▶ MARKETSUMMARY Therewere2,185detachedlistingsintheFraserValey boardareainJuly,15%belowJuneand27%lowerthan July2020. Julydetachedhomesalesdecreasedby11% month-over-month,to851,andwere13%belowJuly 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at39%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2020
▲ 31% VS2020
▼ 27% VS2020
▼ 13% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
39% 851 2,185
33% 983 2,986
26% 31% 18% -13% -27%
37% 961 2,584
-1.3% 1.4% 5% -11% -15%
ThedetachedmedianpriceinJulywas$1,310,000,a 1.4%increasefromJuneand31%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,432,677,1.3%belowlast monthanddown26%toJuly2020.
$1,451,719 $1,292,500
$1,432,677 $1,310,000
$1,133,002 $1,000,100
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,828
2,986
2,778
3,059
3,019
2,584
2,304
1.80
2,238
1.78
1.71
1.62
1.61
2,185
1,597
1,530
1.46
1,322
1,186
1,515 1,520
1,071 1,048
1,022
1,383
983
851
968
968
961
743
$1.34M
$1.33M $1.29M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
$1.10M
$1.06M
$1.05M
$1.02M
$1.00M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
500
89%
400
86%
300
58%
48%
45%
200
32%
100
16%
12%
7%
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-LRATIO SALES INVENTORY
62 28 45%
31 15 48%
105 90 86%
243 217 89%
449 259 58%
490 156 32%
236 37 16%
180 22 12%
389 27 7%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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