Your Fraser Valley Real Estate Market Update

Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record.

Here is the summary of the market for June, 2021

Total Sales Processed  - 2,247 (Increase of 31% compared to June 2020)

Total New Listings - 3,108

Total Active Listings - 5,474

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

Apartment (Condos) -21 Days

Townhomes - 12 Days

Single Family Detached - 17 Days

Of the total transactions Fraser Valley Real Estate Board processed:

566 were Townhouses

615 were Apartments (Condos)

879 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $493,500

Price increased 13.4% compared to June 2020

Price increased 1.0% compared to May 2021

Townhomes

Benchmark Price - $678,400

Price increased 21.2% compared to June 2020

Price increased 1.3% compared to May 2021

Single Family Detached

Benchmark Price - $1,324,400

Price increased  33.2% compared to June 2020

Price increased  0.1% compared to May 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.