Your Fraser Valley Real Estate Market Update

Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June 2020.

Here is the summary of the market for April, 2022

Total Sales Processed  - 1,637

Total New Listings - 3,622

Total Active Listings - 5,387

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

Single Family Detached - 16 Days

Townhomes - 13 Days

Apartment (Condos) -13 Days

Of the total transactions Fraser Valley Real Estate Board processed:

550 were Single Family Detached

388 were Townhouses

552 were Apartments (Condos)

HPI Benchmark Price Activity

Single Family Detached

Benchmark Price - $1,731,000.00

Price increased  33.8% compared to April 2021

Price increased  0.2% compared to March 2022

Townhomes

Benchmark Price - $902,500

Price increased 38.3% compared to April 2021

Price increased 1.8% compared to March 2022

Apartments/Condos 

Benchmark Price - $649,500

Price increased 35.6% compared to April 2021

Price increased 1.0% compared to March 2022

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.