the rennie review - September 2022

fraservaley board area TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,155 townhom elistingsin theFraserValey board areain August,11% below Julyand 109% higher than August2021. Augusttownhom esalesincreased by20% m onth-over-m onth,to281,and were45% below August 2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at24% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$790,000,a 6% decreasefrom Julyand 7% aboveAugust2021. Theaveragesold pricewas$807,257,5% below last m onth;theaveragePSF salepricewas$512,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 7% VS 2021

▲ 109% VS 2021

▼ 45% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 93% 512 552

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24% 281 1,155

-74% -45% 109%

18% 235 1,304

35% 20% -11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$512 $807,257 $790,000

$534 $848,263 $840,000

-4% -5% -6%

$481 $739,621 $735,000

6% 9% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,246

1,3271,304

1,155

924

1,082

628

622

514

508

552

438

416

362

512

320

447

445

409

391

376

360

281

290

235

200

$930K $970K $949K

$913K $870K $855K

$840K $790K

$824K $870K

$735K $765K $786K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

500

49

4+ bdrms

294

400

151

300

3 bdrms

618

200

37%

28% 27%

80

2 bdrms

19%

16%

100

238

13%

10%

0

5 1

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

18 5 28%

74 20 27%

344 126 37%

510 98 19%

153 25 16%

46 6 13%

10 1 10%

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