fraservaley board area DETACHED -JULY 202
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY Therew ere 3,030 detached listingsin the FraserValey board areain July,3% below Juneand 39% higherthan July2021. July detached hom esalesdecreased by 20% m onth-over-m onth,to 344,and were60% below July 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at11% ,reflected abuyers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 8% VS 2021
▲ 39% VS 2021
▼ 60% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11% 344 3,030
39% 850 2,185
-71% -60% 39%
14% 428 3,121
-17% -20% -3%
Thedetachedm edian pricein Julywas$1,420,000,a4% decreasefrom Juneand 8% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,568,274,3% below last m onth and up 9% toJuly2021.
$1,613,915 $1,475,000
-3% -4%
$1,568,274 $1,420,000
$1,434,080 $1,312,500
9% 8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,957
3,030
3,121
1.80
2,227
2,581
1.73
1.69
2,185
1.62
1,788
1.58
1,741
1.57
1,843
1,306
1,514
1,018
909
840
806
1,054
850
428
777
744
740
694
609
523
344
485
$1.70M $1.61M $1.75M $1.78M
$1.56M $1.58M
$1.53M $1.48M $1.42M
$1.36M $1.41M $1.45M
$1.31M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
800
600
400
38%
28%
200
18%
18%
14%
11%
7%
5%
3%
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
74 13 18%
24 9 38%
127 23 18%
253 70 28%
554 76 14%
914 99 11%
371 25 7%
284 14 5%
429 15 3%
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