fraservaleyboardarea TOWNHOME-APRIL 2021
SALESTO LISTINGSRATIO 87% SELLER'SMARKET
▶ MARKETSUMMARY Therewere872townhomelistingsintheFraserValey boardareainApril,36%aboveMarchand10%lower thanApril2020. Apriltownhomesalesdecreasedby1.9% month-over-month,to760,andwere280%aboveApril 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at87%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$726,575,a3% increasefromMarchand26%aboveApril2020. Theaveragesoldpricewas$737,933,3%abovelast month;theaveragePSFsalepricewas$470,up4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 27% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2020
▲ 26% VS2020
▼ 10% VS2020
▲ 280% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 21% 200 968
%Change
No. 775 641
%Change
TOTALLISTINGS TOTALSALES
87% 760 872
322% 280% -10%
4% 3% 3% -28% -1.9% 36%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$450 $713,841 $705,000 121%
$470 $737,933 $726,575
$369 $587,211 $575,000
27% 26% 26%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,250
1,31
1,226
1,179
1,267
1,002
1,051
968
872
788
775
687
760
659
612
560
506
641
451
533
531
517 558
462
200
226
$727K
$705K
$660K
$640K
$615K
$604K
$608K
$600K
$593K
$580K
$585K
$575K
$571K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
168
100%+ 100%+
4+bdrms
92%
400
222
87%
67%
300
415
3bdrms
480
50%
43%
200
176
2bdrms
100
166
0
4 1
<$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
21 9 43%
170 114 67%
476 436 92%
180 156 87%
18 33 183%
4 11 275%
2 1 50%
1 0 n/a
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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