fraservaley board area CONDO -JULY 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,287 condolistingsin theFraserValey board areain July,1.3% aboveJuneand 0.5% lowerthan July2022. Julycondosalesdecreased by19% m onth-over-m onth,to 460,and were29% aboveJuly2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.6% VS 2022
▲ 0.5% VS 2022
▼ 0.5% VS 2022
▲ 29% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change 0.5% 1.3% 1.8% -20% -19% 1.3%
Thesales-to-listing ratio forcondosin the FraserValey board area,at36% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
36% 460 1,287
28% 356 1,294
1.7% 0.6% 0.5% 30% 29% -0.5%
45% 569 1,271
Thecondom edian pricein Julywas$537,750,a1.8% increasefrom Juneand 0.5% aboveJuly2022. Theaveragesold pricewas$559,559,1.3% abovelast m onth;theaveragePSF salepricewas$669,up 0.5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$669 $559,559 $537,750
$665 $552,478 $528,000
$658 $556,003 $535,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,294
1,287
1,189
1,306
1,303
1,271
1,236
1,073
1,062
1,060
1,017
975
569
491
460
517
487
356
273
305
285
279 277
217
198
$535K
$515K $500K $505K $490K $485K $497K $499K
$510K $510K $535K $528K $538K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
1 1
600
4+ bdrms
500
20
400
3 bdrms
94
48%
300
40%
32%
32%
200
286
25%
2 bdrms
20%
19%
766
100
0
153
<$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
99 48 48%
651 258 40%
400 127 32%
84 16 19%
19 6 32%
12 3 25%
10 2 20%
12 0 n/a
426
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