Your Fraser Valley Real Estate Market Update

Ongoing demand for Fraser Valley real estate saw overall sales reach the highest point for the month of October in the Board’s history. This is the fourth consecutive month of record-breaking or near-record activity for sales and new listings in the region.

Here is the summary of the market for October

Total Sales Processed  - 2,370 (Increase of 48.9 % over October 2019)

Total New Listings - 3,081

Total Active Listings - 6,872

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

Apartment (Condos) -36 Days

Townhomes - 27 Days

Single Family Detached - 30 Days

Of the total transactions Fraser Valley Real Estate Board processed:

611 were Townhouses

502 were Apartments (Condos)

979 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $434.600

Price decreased 0.5% compared to September 2020

Price increased 4.2% compared to October 2019

Townhomes

Benchmark Price - $569,200

Price increased 0.3% compared to September 2020

Price increased 5.0% compared to October 2019

Single Family Detached

Benchmark Price - $1,046,900

Price increased  1.4% compared to September 2020

Price increased  9.9% compared to October 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.