fraservaley board area DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 1,752 detached listingsin the FraserValey board areain January,6% below D ecem berand 65% higherthan January2022. January detached hom esalesdecreased by m onth-over-m onth,to 213,and were59% below January 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at12% ,reflected abalanced m arket. Thedetachedm edian pricein Januarywas$1,280,000,a 0.4% decreasefrom D ecem berand 27% below January 2022. Theaveragesold pricewas$1,341,739,4% below last m onth and down 30% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 30% VS 2022
▼ 27% VS 2022
▲ 65% VS 2022
▼ 59% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 213 1,752
49% 520 1,061
-30% -27% -75% -59% 65%
14% 260 1,858
-4% -0.4% -13% -18% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,391,553 $1,285,000
$1,341,739 $1,280,000
$1,910,018 $1,750,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,131
2,964
2,699
3,041
2,541
2,810
1.88
2,344
2,233
2,588
1.72
1.72
1.65
1,793
1.54
1.50
1,752
1,858
1,013
1,061
427
739
364
520
327
313
260
604
485
213
343
325
$1.75M $1.78M $1.70M
$1.61M $1.53M $1.48M
$1.42M $1.34M $1.32M $1.32M
$1.24M $1.29M $1.28M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
400
300
200
30%
27%
25%
24%
100
15%
11%
6%
3%
1%
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-L RATIO SALES INVENTORY
75 19 25%
30 9 30%
95 26 27%
180 44 24%
298 46 15%
406 46 11%
216 14 6%
179 2 1%
273 7 3%
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