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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