the rennie review - August 2021

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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