fraservaleyboardarea DETACHED-DECEMBER 2021
SALESTO LISTINGSRATIO 77% SELLERS'MARKET
▶ MARKETSUMMARY Therewere909detachedlistingsintheFraserValey boardareainDecember,30%belowNovemberand40% lowerthanDecember2020. Decemberdetachedhomesalesdecreasedby14% month-over-month,to696,andwere28%below December2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at77%,reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$1,584,000, a1.9%increasefromNovemberand38%above December2020. Theaveragesoldpricewas$1,738,522,3%abovelast monthandup37%toDecember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 37% VS2020
▲ 38% VS2020
▼ 40% VS2020
▼ 28% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
77% 696 909
64% 967 1,515
37% 38% 20% -28% -40%
62% 807 1,306
3% 1.9% 24% -14% -30%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,692,032 $1,555,000
$1,738,522 $1,584,000
$1,272,228 $1,145,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,304
1.89
1.86
1.82
2,185
1,741
1.65
1,597
1.61
1,530
1,843
1.52
1,515
1,321
1,306
1,184
1,520
1,514
1,382
841
807
967
778
909
959
850
743
744
696
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.34M
$1.33M $1.28M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
Dec-20
Nov-21
Dec-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
100%+ 100%+ 100%+ 100%+ 100%+
250
200
50%
150
33%
100
23%
13%
50
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-LRATIO SALES INVENTORY
46 15 33%
3 7 233%
12 17 142%
39 60 154%
104 167 161%
179 300 168%
135 68 50%
110 25 23%
281 37 13%
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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