the rennie review - May 2021

fraservaleyboardarea DETACHED-APRIL 2021

SALESTO LISTINGSRATIO 47% SELLER'SMARKET

▶ MARKETSUMMARY Therewere2,943detachedlistingsintheFraserValey boardareainApril,28%aboveMarchand19%higher thanApril2020. Aprildetachedhomesalesdecreasedby10% month-over-month,to1,385,andwere369%aboveApril 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at47%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 38% VS2020

▲ 39% VS2020

▲ 19% VS2020

▲ 369% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,385 2,943

12% 295 2,476

295% 369% 19%

1,536 2,304

2% 0.9% -29% -10% 28%

ThedetachedmedianpriceinAprilwas$1,346,000,a 0.9%increasefromMarchand39%aboveApril2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,495,860 $1,346,000 47%

$1,460,499 $1,334,500 67%

Theaveragesoldpricewas$1,495,860,2%abovelast monthandup38%toApril2020.

$1,083,517 $970,000

38% 39%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,778

2,943

3,059 3,019

2,986

2,968

2,683

2,304

2,476

1.89

2,238

1.85

1.69

1.61

1.61

1,597

1,536

1.55

1,187

1,385

1,520

1,515

1,071

1,049

1,022

983

729

968

968

744

295

343

$1.35M

$1.33M $1.29M

$1.22M

$1.15M

$1.11M

$1.06M

$1.05M

$1.02M

$1.00M

$975K

$970K

$958K

Apr-20

Mar-21

Apr-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

700

600

500

72%

400

60%

55%

51%

47%

300

44%

31%

200

18%

15%

100

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

61 27 44%

51 26 51%

248 137 55%

459 329 72%

651 391 60%

638 303 47%

258 79 31%

223 40 18%

354 53 15%

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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