fraservaley board area DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 1,848 detached listingsin the FraserValey board areain February,5% aboveJanuaryand 3% higher than February2022. February detached hom esalesincreased by 52% m onth-over-m onth,to 323,and were56% below February2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at17% ,reflected abalanced m arket. Thedetachedm edian pricein Februarywas$1,311,000, a2% increasefrom Januaryand 26% below February 2022. Theaveragesold pricewas$1,431,933,7% abovelast m onth and down 26% toFebruary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 26% VS 2022
▼ 26% VS 2022
▲ 3% VS 2022
▼ 56% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17% 323 1,848
41% 739 1,793
-26% -26% -58% -56% 3%
12% 213 1,752
44% 52% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,341,182 $1,280,000
7% 2%
$1,431,933 $1,311,000
$1,931,024 $1,780,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,131
2,964
2,699
3,041
2,541
2,810
1.84
2,344
2,233
2,588
1.72
1.70
1.69
1.54
1,848
1.50
1,858
1,793
1,752
1,013
739
427
364
327
313
260
603
213
323
485
343
325
$1.78M $1.70M
$1.61M $1.53M $1.48M
$1.42M $1.34M $1.32M $1.32M
$1.24M $1.29M $1.28M $1.31M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
400
300
200
40%
34%
27%
25%
24%
100
17%
8%
5%
4%
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
77 21 27%
33 8 24%
95 38 40%
183 63 34%
304 77 25%
438 74 17%
251 21 8%
184 10 5%
283 11 4%
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