fraservaley board area TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 35% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere685 townhom elistingsin theFraserValey board areain February,0.1% aboveJanuaryand 9% higherthan February2022. Februarytownhom esalesincreased by43% m onth-over-m onth,to 242,and were45% below February2022. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at35% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas$770,000,a 3% increasefrom Januaryand 21% below February2022. Theaveragesold pricewas$775,908,3% abovelast m onth;theaveragePSF salepricewas$504,up 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 21% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 22% VS 2022
▼ 21% VS 2022
▲ 9% VS 2022
▼ 45% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 71% 444 628
% Change
No. 25% 169 684
% Change
TOTALLISTINGS TOTALSALES
35% 242 685
-21% -22% -21% -50% -45% 9%
43% 43% 0.1%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$504 $775,908 $770,000
$480 $756,845 $745,000
5% 3% 3%
$639 $989,245 $970,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,307
1,248
1,330
1,17
1,156
945
924 1,084
1,001
621
685
751
684
628
361
283
444
245
391
360
242
234
236
189 154
169
$970K $950K $913K
$870K $855K $843K
$790K $780K $770K $798K $745K $745K $770K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
45
250
4+ bdrms
185
200
122
3 bdrms
150
54%
346
47%
40%
100
30%
27%
71
2 bdrms
20%
50
147
13%
0
4
<$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
20 8 40%
54 29 54%
228 107 47%
272 81 30%
91 12 13%
15 4 27%
5 1 20%
7
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