fraservaleyboardarea TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 83% SELLER'SMARKET
▶ MARKETSUMMARY Therewere846townhomelistingsintheFraserValey boardareainMay,3%belowApriland20%lowerthan May2020. Maytownhomesalesdecreasedby7% month-over-month,to706,andwere212%aboveMay 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at83%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$720,000,a 0.9%decreasefromApriland26%aboveMay2020. Theaveragesoldpricewas$724,810,1.8%belowlast month;theaveragePSFsalepricewas$466,down0.8% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 26% VS2020
▼ 20% VS2020
▲ 212% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 87% 760 872
%Change
TOTALLISTINGS TOTALSALES
83% 706 846
22% 226 1,051
288% 212% -20%
-4% -7% -3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$466 $724,810 $720,000
$470 $737,933 $726,575
-0.8% -1.8% -0.9%
$369 $586,101 $571,000
26% 24% 26%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,250
1,31
1,226
1,179
1,267
1,002
1,051
872
788
775
846
687
659
612
760 706
560
506
641
451
558
533
531
517
462
226
$727K
$720K
$705K
$660K
$640K
$615K
$604K
$608K
$600K
$593K
$580K
$585K
$571K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
160
400
4+bdrms
91%
224
85% 88%
300
68%
385
3bdrms
463
50%
200
41%
158 156
2bdrms
100
0
1 5
<$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
22 9 41%
158 107 68%
448 409 91%
184 157 85%
26 23 88%
5 0 n/a
1 0 n/a
2 1 50%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online