Your Fraser Valley Real Estate Market Update

Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.

Here is the summary of the market for July, 2021

Total Sales Processed  - 2,006 (Increase of 4.5% compared to July 2020)

Total New Listings - 2,431

Total Active Listings - 4,901

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

Apartment (Condos) -24 Days

Townhomes - 15 Days

Single Family Detached - 26 Days

Of the total transactions Fraser Valley Real Estate Board processed:

479 were Townhouses

557 were Apartments (Condos)

765 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $494,000

Price increased 13.0% compared to July 2020

Price increased 0.1% compared to June 2021

Townhomes

Benchmark Price - $688,400

Price increased 22.3% compared to July 2020

Price increased 1.5% compared to June 2021

Single Family Detached

Benchmark Price - $1,319,200

Price increased  30.9% compared to July 2020

Price increased  0.4% compared to June 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.