Your Fraser Valley Real Estate Market Update

The Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a pandemic.

Here is the summary of the market for June

Total Sales Processed  - 1,718 (Increase of 113.4% over May)

Total New Listings - 3,456

Total Active Listings - 7,063

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

Apartment (Condos) -37 Days

Townhomes - 30 Days

Single Family Detached - 31 Days

Of the total transactions Fraser Valley Real Estate Board processed:

451 were Townhouses

407 were Apartments (Condos)

657 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $435,300

Price increased 0.4% compared to May

Price increased 3.3% compared to June 2019

Townhomes

Benchmark Price - $559,600

Price increased 0.8% compared to May

Price increased 1.9% compared to June 2019

Single Family Detached

Benchmark Price - $994,500

Price increased  0.4% compared to May

Price increased  3.6% compared to June 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.