Your Fraser Valley Real Estate Market Update

Demand for Fraser Valley real estate remained solid in October with overall sales the third highest on record.

Here is the summary of the market for October, 2021

Total Sales Processed  - 1,938 (Increase of 3.9% compared to September)

Total New Listings - 2,188

Total Active Listings - 3,447

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

Apartment (Condos) -27 Days

Townhomes - 18 Days

Single Family Detached - 28 Days

Of the total transactions Fraser Valley Real Estate Board processed:

505 were Townhouses

556 were Apartments (Condos)

699 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $514,200

Price increased 18.3% compared to October 2020

Price increased 1.9% compared to September 2021

Townhomes

Benchmark Price - $720,500

Price increased 26.6% compared to October 2020

Price increased 1.9% compared to September 2021

Single Family Detached

Benchmark Price - $1,396,700

Price increased  33.4% compared to October 2020

Price increased  2.5% compared to September 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.