fraservaleyboardarea DETACHED-MAY 2021
SALESTO LISTINGSRATIO 47% SELLER'SMARKET
▶ MARKETSUMMARY Therewere2,828detachedlistingsintheFraserValey boardareainMay,4%belowApriland5%higherthan May2020. Maydetachedhomesalesdecreasedby4% month-over-month,to1,323,andwere286%aboveMay 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at47%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 41% VS2020
▲ 39% VS2020
▲ 5% VS2020
▲ 286% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,323 2,828
13% 343 2,683
266% 286% 5%
1,384 2,943
-4% -4%
ThedetachedmedianpriceinMaywas$1,330,000,a 1.1%decreasefromApriland39%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,469,004 $1,330,000 47%
$1,495,874 $1,344,500 47%
-1.8% -1.1% -0.5%
Theaveragesoldpricewas$1,469,004,1.8%belowlast monthanddown41%toMay2020.
$1,038,334 $958,000
41% 39%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,943
2,778
3,059
3,019
2,828
2,968 2,986
2,683
2,304
1.85
1.85
2,238
1.68
1.61
1.61
1,597
1,533
1.48
1,187
1,515 1,520
1,323
1,071
1,048
1,022
1,384
983
729
968
968
743
343
$1.34M
$1.33M $1.29M
$1.33M
$1.22M
$1.15M
$1.10M
$1.06M
$1.05M
$1.02M
$1.00M
$975K
$958K
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
500
76%
67%
400
66%
61%
59%
300
43%
200
30%
21%
100
11%
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
55 37 67%
41 27 66%
236 140 59%
410 312 76%
606 371 61%
620 267 43%
277 83 30%
206 44 21%
377 42 11%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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