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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