fraservaley board area CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 27% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 16% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 14% VS 2022
▼ 13% VS 2022
▲ 40% VS 2022
▼ 45% VS 2022
Therewere1,072 condolistingsin theFraserValey board areain February,5% aboveJanuaryand 40% higher than February2022. February condo salesincreased by 44% m onth-over-m onth,to 286,and were45% below February2022. Thesales-to-listing ratio forcondosin the FraserValey board area,at27% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$499,350,a 0.4% increasefrom Januaryand 13% below February 2022. Theaveragesold pricewas$524,614,2% abovelast m onth;theaveragePSF salepricewas$611,up 3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 68% 518 766
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
27% 286 1,072
-16% -14% -13% -61% -45% 40%
19% 198 1,017
3% 2% 0.4% 37% 44% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$611 $524,614 $499,350
$592 $512,202 $497,450
$728 $609,188 $573,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,234
1,318
1,306
1,303
1,294
1,236
1,072
851
1,017
997
975
766
801
406
550
518
451
273
286
356
305
279 277
217
198
$574K $570K $566K $548K $540K
$535K $515K $500K $505K
$490K $485K $497K $499K
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
500
4
400
14
3 bdrms
300
73
34%
200
28%
175
23% 23%
2 bdrms
657
100
13%
8%
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
136 46 34%
588 167 28%
258 60 23%
44 10 23%
24 2 8%
8 1 13%
4 0 n/a
10 0 n/a
338
Copyright© March2,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch2,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 13 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online