the rennie review - January 2022

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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