fraservaley board area CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,467 condolistingsin theFraserValey board areain O ctober,4% aboveSeptem berand 13% higherthan October2022. O ctobercondosalesdecreased by7% m onth-over-m onth, to319,and were15% aboveOctober2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 11% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 1.8% VS 2022
▲ 13% VS 2022
▲ 15% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at22% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
22% 319 1,467
21% 277 1,303
11% 4% 1.8% 2% 15% 13%
24% 344 1,412
-2% -0.7% -2% -11% -7% 4%
Thecondom edian pricein Octoberwas$514,000,a2% decreasefrom Septem berand 1.8% aboveO ctober2022. Theaveragesold pricewas$542,450,0.7% below last m onth;theaveragePSF salepricewas$655,down 2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$655 $542,450 $514,000
$670 $546,069 $527,000
$591 $522,019 $505,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,467
1,272
1,237
1,412
1,303
1,190
1,342
1,287
1,073
1,060 1,062
1,017
975
569
491
414
517
487
273
459
319
277
344
285
217
198
$538K $540K $527K $514K
$505K $490K $485K $497K
$499K $510K $510K $535K $528K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
4+ bdrms
2
600
500
12
3 bdrms
400
107
300
33%
28%
188
200
2 bdrms
15%
853
11%
100
7% 9%
7%
0
119
<$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
111 37 33%
724 201 28%
483 71 15%
7%
22 2 9%
15 0 n/a
9 1 11%
7%
505
88 6
15 1
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. 13 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online