the rennie review - May 2021

fraservaleyboardarea CONDO-APRIL 2021

SALESTO LISTINGSRATIO 52% SELLER'SMARKET

▶ MARKETSUMMARY Therewere1,342condolistingsintheFraserValey boardareainApril,13%aboveMarchand3%lowerthan April2020. Aprilcondosalesdecreasedby14%month-over-month, to693,andwere368%aboveApril2020.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 19% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 22% VS2020

▼ 3% VS2020

▲ 368% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheFraserValey boardarea,at52%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

52% 693 1,342

11% 148 1,377

380% 368% -3%

68% 807 1,188

1.8% 1.6% 3% -24% -14% 13%

ThecondomedianpriceinAprilwas$449,900,a3% increasefromMarchand22%aboveApril2020. Theaveragesoldpricewas$470,833,1.6%abovelast month;theaveragePSFsalepricewas$540,up1.8%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$540 $470,833 $449,900

$531 $463,266 $438,000

$453 $390,105 $370,000

19% 21% 22%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,783

1,749

1,644

1,868

1,857

1,599

1,307

1,377

1,479

1,342

1,256

1,190

807 1,188

666

693

494

480

459

423

398

426

417

369

148

181

$450K

$438K

$430K

$415K

$400K

$405K

$395K

$398K

$391K

$393K

$387K

$385K

$370K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

700

600

4+bdrms

5

500

37

400

58% 57%

3bdrms

144

300

33%

31%

200

459

26%

22%

2bdrms

15% 14%

853

100

0

197

<$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

394 230 58%

665 381 57%

189 59 31%

47 12 26%

18 6 33%

9 2 22%

13 2 15%

7 1 14%

340

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●

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