Your Fraser Valley Real Estate Market Update

After a sluggish first half of the year, property sales in the Fraser Valley started picking up speed in the summer and finished strong in December, but not enough to surpass last year’s sales totals.

Here is the summary of the market for December

Total Sales Processed  - 1,247

Total New Listings - 948

Total Active Listings - 4,686

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

Apartment (Condos) -48 Days

Townhomes - 45 Days

Single Family Detached - 52 Days

Of the total transactions Fraser Valley Real Estate Board processed:

286 were Townhouses

313 were Apartments (Condos)

463 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $405,500

Price increased 0.2% compared to November 2019

Price decreased 3.1% compared to December 2018

Townhomes

Benchmark Price - $514,900

Price remained on par with November 2019

Price decreased  3.2% compared to December 2018

Single Family Detached

Benchmark Price - $953,700

Price increased  0.2% compared to November 2019

Price decreased  1.2% compared to December 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.