Your Fraser Valley Real Estate Market Update

For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages.

Here is the summary of the market for September

Total Sales Processed  - 1,343

Total New Listings - 2,769

Total Active Listings - 7,946

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

Apartment (Condos) -41 Days

Townhomes - 37 Days

Single Family Detached - 46 Days

Of the total transactions Fraser Valley Real Estate Board processed:

383 were Townhouses

344 were Apartments (Condos)

557 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $405,500

Price decreased 0.9% compared to August 2019

Price decreased 7.6% compared to September 2018

Townhomes

Benchmark Price - $520,000

Price decreased 0.3% compared to August 2019

Price decreased  4.8% compared to September 2018

Single Family Detached

Benchmark Price - $950,000

Price decreased  0.4% compared to August 2019

Price decreased  3.9% compared to September 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.