fraservaley board area CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY Therewere1,017 condolistingsin theFraserValey board areain January,4% aboveD ecem berand 142% higherthan January2022. Januarycondosalesdecreased by9% m onth-over-m onth, to198,and were52% below January2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 13% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 12% VS 2022
▲ 142% VS 2022
▼ 52% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 99% 415 420
% Change -13% -11% -12% -80% -52% 142%
No. 22% 217 975
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at19% ,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
19% 198 1,017
0.4% 3% 3% -13% -9% 4%
Thecondom edian pricein Januarywas$497,450,a3% changefrom D ecem berand 12% below January2022. Theaveragesold pricewas$512,202,3% abovelast m onth;theaveragePSF salepricewas$592,up 0.4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$592 $512,202 $497,450
$589 $496,019 $485,000
$683 $575,134 $564,285
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,234
1,318
1,306 1,303
1,294
1,236
1,017
851
997
975
766
801
415
406
550
518
451
273
420
356
305 279 277
198
217
$564K $574K $570K $566K $548K $540K
$535K $515K $500K $505K
$490K $485K $497K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
500
4+ bdrms
2
400
6
3 bdrms
300
67
200
28%
131
22%
2 bdrms
14%
614
100
14%
8%
5%
0
61
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
130 37 28%
564 122 22%
249 34 14%
8%
19 1 5%
6 0 n/a
5 0 n/a
7 1 14%
334
37 3
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