fraservaleyboardarea CONDO-DECEMBER 2021
SALESTO LISTINGSRATIO 146% SELLERS'MARKET
▶ MARKETSUMMARY Therewere373condolistingsintheFraserValeyboard areainDecember,43%belowNovemberand70%lower thanDecember2020. Decembercondosalesdecreasedby11% month-over-month,to544,andwere19%above December2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at146%,reflectedaselers'market. ThecondomedianpriceinDecemberwas$528,750,a 4%increasefromNovemberand31%aboveDecember 2020. Theaveragesoldpricewas$549,812,4%abovelast month;theaveragePSFsalepricewas$657,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 36% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 31% VS2020
▼ 70% VS2020
▲ 19% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 93% 614 660
%Change
TOTALLISTINGS TOTALSALES
544 373
37% 459 1,256
36% 30% 31% 299% 19% -70%
7% 4% 4% 57% -11% -43%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$657 $549,812 $528,750 146%
$616 $528,701 $510,000
$484 $422,284 $405,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,307
1,344
1,271
1,256
1,163
1,287
1,192
1,190
905
806
778
937
666
660
779
598
689
544
614
614
562
555
555
459
369
373
$529K
$510K
$481K
$473K
$465K
$450K
$446K
$450K
$450K
$438K
$430K
$415K
$405K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+ 100%+ 100%+
300
4+bdrms
2
250
67%
23
200
3bdrms
31
50%
150
41%
33%
100
341
25%
2bdrms
230
50
0
180
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
60 74 123%
162 330 204%
91 117 129%
27 11 41%
18 6 33%
8 2 25%
4 2 50%
3 2 67%
110
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