fraservaleyboardarea TOWNHOME-JULY 2021
SALESTO LISTINGSRATIO 67% SELLER'SMARKET
▶ MARKETSUMMARY Therewere711townhomelistingsintheFraserValey boardareainJuly,10%belowJuneand43%lowerthan July2020. Julytownhomesalesdecreasedby16% month-over-month,to479,andwere14%belowJuly 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at67%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$729,000,a 0.6%increasefromJuneand25%aboveJuly2020. Theaveragesoldpricewas$735,585,0.3%abovelast month;theaveragePSFsalepricewas$476,up2%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 25% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 25% VS2020
▼ 43% VS2020
▼ 14% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 72% 567 787
%Change
TOTALLISTINGS TOTALSALES
67% 479 711
45% 560 1,250
25% 24% 25% 50% -14% -43%
2% 0.3% 0.6% -6% -16% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$476 $735,585 $729,000
$466 $733,695 $725,000
$381 $593,821 $585,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,31
1,179
1,250
1,267
1,002
872 846
787 775
787
687
71
612
759
706
659 506
560
641
567
479
558
533
531
517
462
$728K
$729K
$720K
$725K
$705K
$660K
$640K
$615K
$608K
$600K
$604K
$593K
$585K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
99
300
4+bdrms
184
85%
250
76%
278
200
59%
3bdrms
379
48%
150
40%
33%
31%
100
101
2bdrms
142
50
0
1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
29 9 31%
123 72 59%
330 280 85%
187 89 48%
34 26 76%
5 2 40%
3 1 33%
6
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