Your Fraser Valley Real Estate Market Update

Overall housing supply continued to grow in July as sales dropped to their lowest point this year since January.

Here is the summary of the market for July.

Total Sales Processed  - 1,290

Total New Listings - 2,921

For the Fraser Valley region, the average number of days to sell an:

Apartment (Condos) - 21 Days

Townhomes - 24 Days

Single Family Detached - 31 Days

Of the total transactions Fraser Valley Real Estate Board processed:

346 were Townhouses

337 were Apartments (Condos)

607 were Single Family Detached

Total Active Inventory last month - 7,399 listings

New listings received in July - 2,921

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $450,400

Price decreased 0.7% compared to June 2018

Price increased 32% compared to July 2017

Townhomes

Benchmark Price - $557,500

Price increased 0.1% compared to June4 2018

Price increased  14.7% compared to July 2017

Single Family Detached

Benchmark Price - $1,017,400

Price decreased  0.1% compared to June 2018

Price increased 5.3 % compared to July 2017

For the most updated market information on what is happening in your neighborhood, give me a call at 604 308 6404 or e mail at RealtorNischal@gmail.com. 

The support of a real estate expert goes a long way when navigating a busy market in the Fraser Valley..

Reminder: As you know that I am in real estate investment and sales and my passion is to bring buyers/sellers together. Who have you talked to in past couple days that might be thinking about buying/selling in British Columbia or anywhere in Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit.

Also, we offer a $500.00 referral fee to anyone that leads to successful completion of a sale.