Your Fraser Valley Real Estate Market Update

For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at levels never seen before in the 100-year history of the Fraser Valley Real Estate Board (FVREB).

Here is the summary of the market for February, 2021

Total Sales Processed  - 2,815 (Increase of 108 % compared to February 2020)

Total New Listings - 3,265

Total Active Listings - 4,120

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

Apartment (Condos) -35 Days

Townhomes - 21 Days

Single Family Detached - 21 Days

Of the total transactions Fraser Valley Real Estate Board processed:

788 were Townhouses

667 were Apartments (Condos)

1084 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $450,900

Price increased 5.3% compared to February 2020

Price increased 2.5% compared to January 2021

Townhomes

Benchmark Price - $600,300

Price increased 10.1% compared to February 2020

Price increased 3.4% compared to January 2021

Single Family Detached

Benchmark Price - $1,163,400

Price increased  19.9% compared to February 2020

Price increased  5.1% compared to January 2021

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.