fraservaley board area TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere931 townhom elistingsin theFraserValey board areain O ctober,2% aboveSeptem berand 7% lowerthan October2022. O ctobertownhom esalesdecreased by21% m onth-over-m onth,to 220,and were10% below O ctober 2022. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at24% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$824,000,a 0.9% decreasefrom Septem berand 7% aboveO ctober 2022. Theaveragesold pricewas$833,473,3% below last m onth;theaveragePSF salepricewas$534,down 2.0% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 7% VS 2022
▼ 7% VS 2022
▼ 10% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 31% 278 911
% Change
TOTALLISTINGS TOTALSALES
24% 220 931
24% 245 1,001
4% 7% 7% -3% -10% -7%
-2% -3% -0.9% -23% -21% 2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$534 $833,473 $824,000
$544 $859,096 $831,750
$513 $778,263 $770,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
945
1,001
91
931
852
797
859
684
810
751
684
679
661
477
445
389
278
388
376
319
245
220
242
189
169
154
$839K $850K $851K $849K $825K $832K $824K
$770K $798K $745K $745K
$770K $808K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
400
41
4+ bdrms
267
300
114
3 bdrms
465
200
35%
63
21%
2 bdrms
19%
18%
100
193
14%
13% 11%
0
6 2
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
22 3 14%
52 10 19%
248 87 35%
422 89 21%
139 25 18%
39 5 13%
9 1 11%
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 12 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online