Your Fraser Valley Real Estate Market Update

Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near-historic levels of new listings in May.   

Here is the summary of the market for May, 2021

Total Sales Processed  - 2,951 (Increase of 267% compared to May 2020)

Total New Listings - 3,926

Total Active Listings - 5,868

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

Apartment (Condos) -20 Days

Townhomes - 12 Days

Single Family Detached - 14 Days

Of the total transactions Fraser Valley Real Estate Board processed:

703 were Townhouses

781 were Apartments (Condos)

1,193 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $488,500

Price increased 12.6% compared to May 2020

Price increased 2.0% compared to April 2021

Townhomes

Benchmark Price - $670,000

Price increased 20.7% compared to May 2020

Price increased 2.7% compared to April 2021

Single Family Detached

Benchmark Price - $1,323,300

Price increased  33.6% compared to May 2020

Price increased  2.3% compared to April 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.