Fraser Valley

MISSION

MAY 2024

Price Band & Bedroom CONDOS & TOWNHOMES

Community CONDOS & TOWNHOMES

SnapStats® $0 – 100,000

Inventory

Sales

Sales Ratio

SnapStats®

Inventory

Sales

Sales Ratio

0 0 0

0 0 1 3 4 1 6 6 1 0 0 0 0 0 0 0 0 0 0 0 0

NA NA

Dewdney Deroche

0 0 0 9 0 4 0 0

0 0 0 0 0 1 0 0

NA NA NA NA NA

100,001 – 200,000 200,001 – 300,000 300,001 – 400,000 400,001 – 500,000 500,001 – 600,000 600,001 – 700,000 700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

Durieu Hatzic

NA* 25% 25% 10% 43% 46% 50%

12 16 10 14 13

Hemlock

Lake Errock

Mission

55

21

38% 25%

Mission West Stave Falls

NA NA

2 1

Steelhead

NA NA NA NA NA NA NA NA NA NA NA NA

TOTAL*

68

22

32%

1,000,001 – 1,250,000 0 1,250,001 – 1,500,000 0 1,500,001 – 1,750,000 0 1,750,001 – 2,000,000 0 2,000,001 – 2,250,000 0 2,250,001 – 2,500,000 0 2,500,001 – 2,750,000 0 2,750,001 – 3,000,000 0 3,000,001 – 3,500,000 0 3,500,001 – 4,000,000 0

4,000,001 & Greater

0

TOTAL*

68

22

32%

0 to 1 Bedroom

7

6 3

86%

2 Bedrooms 3 Bedrooms

33 25

9%

11

44% 67% 32%

4 Bedrooms & Greater

3

2

TOTAL*

68

22

SnapStats®

April

May

Variance

Inventory

67 22

68 22

1% 0%

Solds

Sale Price

$592,500 $637,357 8%

Sale Price SQFT

$427

$463

8% -4% 47%

Sale to List Price Ratio

100% 96%

Days on Market

15

22

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator MISSION ATTACHED : Sellers Market at 32% Sales Ratio average (3.2 in 10 homes selling rate) • Homes are selling on average 4% below list price • Most Active Price Band** $700,000 to $800,000 with average 46% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $500,000 to $600,000 and 2 bedroom properties • Sellers Best Bet** Selling homes in Mission and 3 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$680,952

$637,357

$625,000

$595,000

$592,500

$569,900

$559,500

$508,000 $480,900 $522,400 $670,000

13 Month Market Trend

$500,000

$498,500

97

90

85

85

84

80

71

71

68

68

67

66

59

25

22

22

20

19

16

15

15

13

13

9

7

7

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on June 3, 2024 from the Fraser Valley Real Estate Board MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.

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