fraservaley board area DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY Therew ere 3,220 detached listingsin the FraserValey board areain O ctober,0.1% aboveSeptem berand 27% higherthan October2022. O ctoberdetached hom esalesdecreased by 0.8% m onth-over-m onth,to 373,and were14% aboveO ctober 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at12% ,reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$1,400,000,a 4% decreasefrom Septem berand 6% aboveO ctober 2022. Theaveragesold pricewas$1,522,597,3% below last m onth and up 6% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 6% VS 2022
▲ 27% VS 2022
▲ 14% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 373 3,220
13% 327 2,541
6% 6% -10% 14% 27%
12% 376 3,217
-0.9% -0.8% 0.1%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,573,660 $1,460,000
-3% -4%
$1,522,597 $1,400,000
$1,442,288 $1,320,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,220
2,946
3,217
2,794
3,024
2,533
1.76
2,541 2,344
1.71
1.70
1.60
1,939
1.58
1.52
1,998
1,858
1,848
1,752
772
590
448
313
258
658
213
590
373
327
448
376
323
$1.46M $1.44M $1.46M $1.40M
$1.43M $1.50M $1.50M
$1.32M $1.24M
$1.28M $1.28M $1.31M $1.35M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
800
600
400
35%
30%
27%
17%
200
16%
9%
7%
6%
4%
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
60 21 35%
47 14 30%
139 24 17%
279 74 27%
605 97 16%
985 84 9%
402 24 6%
274 19 7%
429 16 4%
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