Your Fraser Valley Real Estate Market Update

Last month's property sales in the Fraser Valley were 29.3 per cent below the 10-year sales average for June and were the second lowest total for the month since the year 2000. The number of new listings also decreased in June, coming in at 9.6 per cent below the 10-year average for the number of listings received during that month.

Here is the summary of the market for June

Total Sales Processed  - 1,306

Total New Listings - 2,810

Total Active Listings - 8,516

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

Apartment (Condos) -37 Days

Townhomes - 31 Days

Single Family Detached - 37 Days

Of the total transactions Fraser Valley Real Estate Board processed:

379 were Townhouses

374 were Apartments (Condos)

489 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $409,800

Price decreased 1.7% compared to May 2019

Price decreased 9.6% compared to June 2018

Townhomes

Benchmark Price - $525,200

Price increased 0.5% compared to May 2019

Price decreased  5.9% compared to June 2018

Single Family Detached

Benchmark Price - $960,100

Price decreased  0.4% compared to May 2019

Price decreased  6.1% compared to June 2018

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.