Your Fraser Valley Real Estate Market Update

Demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second-highest levels for the month of September in the 100-year history of the Board.

Here is the summary of the market for September, 2021

Total Sales Processed  - 1,866 (Decrease of 10.6% compared to August)

Total New Listings - 2,342

Total Active Listings - 3,812

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

Apartment (Condos) -26 Days

Townhomes - 19 Days

Single Family Detached - 26 Days

Of the total transactions Fraser Valley Real Estate Board processed:

443 were Townhouses

561 were Apartments (Condos)

686 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $504,500

Price increased 15.5% compared to September 2020

Price increased 1.2% compared to August 2021

Townhomes

Benchmark Price - $707,300

Price increased 24.7% compared to September 2020

Price increased 1.4% compared to August 2021

Single Family Detached

Benchmark Price - $1,362,220

Price increased  31.9% compared to September 2020

Price increased  1.9% compared to August 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.