fraservaley board area DETACHED -JULY 2023
SALES TO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 2,946 detached listingsin the FraserValey board areain July,5% aboveJuneand 3% lowerthan July 2022. July detached hom esalesdecreased by 42% m onth-over-m onth,to 450,and were32% aboveJuly 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at15% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.1% VS 2022
▲ 3% VS 2022
▼ 3% VS 2022
▲ 32% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
15% 450 2,946
11% 342 3,041
1.1% 3% 36% 32% -3%
28% 772 2,794
-45% -42% 5%
Thedetachedm edian pricein Julywas$1,456,500,a3% decreasefrom Juneand 3% aboveJuly2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,588,941,5% below last m onth and up 1.1% toJuly2022.
$1,665,624 $1,500,000
-5% -3%
$1,588,941 $1,456,500
$1,571,194 $1,420,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,041
2,794
2,946
2,699
2,541
2,533
2,810
2,344
1.76
1.72
1.69
1,939
1.61
1.57
1.58
1,998
1,858
1,848
1,752
772
590
363
327
313
659
258
450
213
591
342
325
323
$1.42M $1.34M
$1.43M $1.50M $1.50M $1.46M
$1.32M $1.32M $1.24M
$1.28M $1.28M $1.31M $1.35M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
800
600
400
30%
25%
24%
23%
200
15%
14%
10%
6%
5%
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
71 17 24%
29 4 14%
113 34 30%
259 64 25%
537 123 23%
883 133 15%
385 40 10%
241 15 6%
428 20 5%
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