fraservaleyboardarea CONDO-JULY 2021
SALESTO LISTINGSRATIO 48% SELLER'SMARKET
▶ MARKETSUMMARY Therewere1,162condolistingsintheFraserValey boardareainJuly,9%belowJuneand35%lowerthan July2020. Julycondosalesdecreasedby9%month-over-month,to 557,andwere32%aboveJuly2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 9% VS2020
▲ 12% VS2020
▼ 35% VS2020
▲ 32% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at48%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
48% 557 1,162
24% 423 1,783
13% 9% 12% 102% 32% -35%
48% 614 1,271
-9% -9%
ThecondomedianpriceinJulywas$449,900,a0.0% decreasefromJuneand12%aboveJuly2020. Theaveragesoldpricewas$463,490,1.3%belowlast month;theaveragePSFsalepricewas$529,down0.0% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
0% -1.3% 0% -0.8%
$529 $463,490 $449,900
$529 $469,556 $450,000
$468 $423,955 $399,999
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,749
1,783
1,868
1,857
1,599
1,344
1,307
1,271
1,287
1,162
1,256
1,192
1,190
806
779
666
494
480
459
690
557
614
423
426
417
369
$450K
$450K
$450K
$446K
$438K
$430K
$415K
$405K
$400K
$395K
$398K
$391K
$393K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
600
4+bdrms
6
500
400
66%
25
3bdrms
54%
117
50%
300
200
359
2bdrms
19%
18%
17%
701
100
10%
0
173
<$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
279 183 66%
607 329 54%
193 34 18%
41 4 10%
21 4 19%
4 2 50%
11 0 n/a
6 1 17%
338
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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