Your Fraser Valley Real Estate Market Update

On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales — still the third highest ever for January — cooled compared to December while the volume of new listings improved significantly.

Here is the summary of the market for January, 2022

Total Sales Processed  - 1,310

Total New Listings - 2,135

Total Active Listings - 2,332 

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

Single Family Detached - 25 Days

Townhomes - 12 Days

Apartment (Condos) -17 Days

Of the total transactions Fraser Valley Real Estate Board processed:

469 were Single Family Detached

289 were Townhouses

418 were Apartments (Condos)

HPI Benchmark Price Activity

Single Family Detached

Benchmark Price - $1,569,300

Price increased  41.8% compared to January 2021

Price increased  4.6% compared to December 2021

Townhomes

Benchmark Price - $796,500

Price increased 37.2% compared to January 2021

Price increased 4.0% compared to December 2021

Apartments/Condos 

Benchmark Price - $574,300

Price increased 30.6% compared to January 2021

Price increased 4.6% compared to December 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.