the rennie review - September 2022

fraservaley board area CONDO -AUGUST 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,234 condolistingsin theFraserValey board areain August,4% below Julyand 32% higherthan August2021. Augustcondosalesdecreased by15% m onth-over-m onth,to304,and were49% below August 2021. Thesales-to-listing ratio forcondosin the FraserValey board area,at25% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$514,950,a4% decreasefrom Julyand 11% aboveAugust2021. Theaveragesold pricewas$540,021,3% below last m onth;theaveragePSF salepricewas$642,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 11% VS 2021

▲ 32% VS 2021

▼ 49% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 64% 598 937

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

25% 304 1,234

14% 10% 11% -61% -49% 32%

28% 356 1,290

-11% -15% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$642 $540,021 $514,950

$658 $556,003 $535,000

-2% -3% -4%

$562 $489,516 $465,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,231

1,314

1,234

1,290

905

937

849

997

764

660

801

779

542

598

614

407

562

555

548

517

451

415

420

304

373

356

$572K $570K $567K

$548K $540K $535K $515K

$529K $564K

$481K $510K

$465K $473K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

4+ bdrms

4

500

400

16

3 bdrms

93

300

33%

200

191

2 bdrms

18%

17% 16%

17%

769

100

0

97

<$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

157 28 18%

618 206 33%

351 59 17%

61 10 16%

26 0 n/a

11 0 n/a

6 1 17%

4 0 n/a

368

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