fraservaleyboardarea CONDO-MAY 2021
SALESTO LISTINGSRATIO 61% SELLER'SMARKET
▶ MARKETSUMMARY Therewere1,286condolistingsintheFraserValey boardareainMay,4%belowApriland13%lowerthan May2020. Maycondosalesincreasedby13%month-over-month,to 779,andwere330%aboveMay2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 15% VS2020
▼ 13% VS2020
▲ 330% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at61%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
61% 779 1,286
12% 181 1,479
395% 330% -13%
51% 691 1,343
18% 13% -4%
ThecondomedianpriceinMaywas$446,000,a0.9% decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$461,110,1.9%belowlast month;theaveragePSFsalepricewas$530,down1.8% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$530 $461,110 $446,000
$540 $470,141 $449,900
-1.8% -1.9% -0.9%
$453 $399,290 $387,000
17% 15% 15%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,783
1,749
1,644
1,868
1,857
1,599
1,479
1,343
1,307
1,286
1,256
1,191
806 1,189
666
779
494
480
459
691
423
398
426
417
369
181
$450K
$446K
$438K
$430K
$415K
$400K
$405K
$395K
$398K
$391K
$393K
$387K
$385K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
700
600
4+bdrms
5
500
72% 68%
34
400
3bdrms
137
300
32%
200
27%
508
25%
2bdrms
838
14%
100
7%
0
237
<$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
360 258 72%
653 446 68%
184 59 32%
41 11 27%
22 3 14%
4 1 25%
14 1 7%
8 0 n/a
306
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
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