Your Fraser Valley Real Estate Market Update

Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020.

Here is the summary of the market for November, 2021

Total Sales Processed  - 1,972 (Increase of 1.8% compared to October)

Total New Listings - 2,096

Total Active Listings - 3,048

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

Apartment (Condos) -24 Days

Townhomes - 16 Days

Single Family Detached - 24 Days

Of the total transactions Fraser Valley Real Estate Board processed:

436 were Townhouses

614 were Apartments (Condos)

713 were Single Family Detached

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $530,400

Price increased 21.7% compared to November 2020

Price increased 3.2% compared to October 2021

Townhomes

Benchmark Price - $740,100

Price increased 29.8% compared to November 2020

Price increased 2.7% compared to October 2021

Single Family Detached

Benchmark Price - $1,448,000

Price increased  21.7% compared to November 2020

Price increased  3.7% compared to October 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.