Your Fraser Valley Real Estate Market Update

Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.

Here is the summary of the market for February, 2022

Total Sales Processed  - 1,824

Total New Listings - 3,742

Total Active Listings - 3,790

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

Single Family Detached - 13 Days

Townhomes - 11 Days

Apartment (Condos) -12 Days

Of the total transactions Fraser Valley Real Estate Board processed:

684 were Single Family Detached

448 were Townhouses

519 were Apartments (Condos)

HPI Benchmark Price Activity

Single Family Detached

Benchmark Price - $1,670,800

Price increased  43.6% compared to February 2021

Price increased  6.5% compared to January 2022

Townhomes

Benchmark Price - $840,900

Price increased 40.1% compared to February 2021

Price increased 5.6% compared to January 2022

Apartments/Condos 

Benchmark Price - $614,800

Price increased 36.3% compared to February 2021

Price increased 7.1% 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.