Your Fraser Valley Real Estate Market Update

Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016.

In 2021, the FVREB received 35,629 new listings – the second highest on record (second only to 2008 at 35,651); and 12.4 per cent more than in 2020.

Here is the summary of the market for December, 2021

Total Sales Processed  - 1,808 

Total New Listings - 1,278

Total Active Listings - 1,957 (Lowest in 41 years)

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

Single Family Detached - 24 Days

Townhomes - 14 Days

Apartment (Condos) -20 Days

Of the total transactions Fraser Valley Real Estate Board processed:

635 were Single Family Detached

414 were Townhouses

544 were Apartments (Condos)

HPI Benchmark Price Activity

Single Family Detached

Benchmark Price - $1,500,000

Price increased  39.0% compared to December 2020

Price increased  3.6% compared to November 2021

Townhomes

Benchmark Price - $765,800

Price increased 32.9% compared to December 2020

Price increased 3.5% compared to November 2021

Apartments/Condos 

Benchmark Price - $549,200

Price increased 25.3% compared to December 2020

Price increased 3.5% compared to November 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.