fraservaley board area DETACHED -AUGUST 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 2,798 detached listingsin the FraserValey board areain August,8% below Julyand 52% higherthan August2021. Augustdetached hom esalesincreased by6% m onth-over-m onth,to363,and were57% below August 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at13% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.3% VS 2021
▼ 1.2% VS 2021
▲ 52% VS 2021
▼ 57% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13% 363 2,798
46% 840 1,843
-0.3% -1.2% -72% -57% 52%
11% 344 3,031
-6% -6% 14% 6% -8%
Thedetachedm edian pricein Augustwas$1,340,000,a 6% decreasefrom Julyand 1.2% below August2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,478,269,6% below last m onth and down 0.3% toAugust2021.
$1,568,274 $1,420,000
$1,478,269 $1,340,000
$1,482,581 $1,356,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,122
2,957
3,031
2,798
1.85
2,227
2,581
1.70
1.69
1.58
1.57
1,788
1,741
1.53
1,843
1,306
1,514
1,017
909
806
777
1,054
840
426
744
739
694
608
363
523
484
344
$1.75M $1.78M $1.70M
$1.61M $1.53M
$1.48M $1.42M $1.34M
$1.45M $1.56M $1.58M
$1.36M $1.41M
Aug.-21
Jul.-22
Aug.-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
800
600
400
37%
26%
23%
200
22%
19%
9%
7%
5%
3%
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-L RATIO SALES INVENTORY
72 19 26%
26 6 23%
132 29 22%
245 90 37%
506 95 19%
791 73 9%
357 26 7%
258 14 5%
411 11 3%
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