Your Fraser Valley Real Estate Market Update

Fraser Valley listings and property sales started to bounce back as REALTORS® helped their clients adjust to the new, necessary safety measures required to buy and sell a home during the provincial state of emergency due to COVID-19.

Here is the summary of the market for May

Total Sales Processed  - 805

Total New Listings - 2,207

Total Active Listings - 6,454

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

Apartment (Condos) -38 Days

Townhomes - 36 Days

Single Family Detached - 31 Days

Of the total transactions Fraser Valley Real Estate Board processed:

223 were Townhouses

191 were Apartments (Condos)

290 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $433,700

Price decreased 1.0% compared to April

Price increased 1.0% compared to May 2019

Townhomes

Benchmark Price - $555,000

Price increased 0.4% compared to April

Price increased 1.8% compared to May 2019

Single Family Detached

Benchmark Price - $990,400

Price decreased  0.2% compared to April

Price increased  2.7% compared to May  2019

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.