In December, the average number of days to sell a single-family detached home in the Fraser Valley was 42 and a townhome 39 days. Condos took, on average, 33 days to sell. A year ago, properties were moving two to three times faster. That said, our market usually ticks up in January, with more listings and more buying activity.
Click HERE for details from the Fraser Valley Real Estate Board
Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.
For detached homes, prices are on par with October 2021 levels, while townhomes and apartments are up 7.7 per cent and 11.5 per cent, respectively, over 2021.
The average number of days spent on the market before selling was relatively unchanged for detached homes and apartments compared to last month (34 days and 31 days, respectively). Townhomes moved more quickly at 27 days (compared to 32 days in September).
Click HERE for full story.
The latest FVREB stats out today show a continued slowing of sales and a slight rise in inventory combining to bring greater stability to the Fraser Valley housing market.
• Single Family Detached: At $1,462,000, the Benchmark price decreased 3.4 per cent compared to August 2022 and increased 4.1 per cent compared to September 2021.
• Townhomes: At $822,400, the Benchmark price decreased 2.3 per cent compared to August 2022 and increased 11.6 per cent compared to September 2021.
• Condos: At $530,400 the Benchmark price decreased 2.1 per cent compared to August 2022 and increased 14.5 per cent compared to September 2021
Click HERE for the full story.
The latest stats are out from the Fraser Valley Real Estate Board, and the average number of days to sell a single-family detached home has increased to 33. For townhomes it’s 26 days, while apartments/condos in August took, on average, 25 days to sell.
Click HERE for latest stats from Fraser Valley Real Estate Board.
Single Family Detached:
At $1,670,800, the Benchmark price for an FVREB single-family detached home increased 6.5 per cent compared to last month and increased 43.6 per cent compared to February 2021.
Townhomes:
At $840,900, the Benchmark price for an FVREB townhome increased 5.6 per cent compared to last month and increased 40.1 per cent compared to February 2021.
Apartments:
At $614,800 the Benchmark price for an FVREB apartment/condo increased 7.1 per cent compared to last month and increased 36.3 per cent compared to February 2021.
According to the Fraser Valley Real Estate Board, it continues to be a seller’s market as demand continues to outpace supply in the region.
Read the latest stats HERE.
New FVREB stats show White Rock/South Surrey benchmark prices have increased (again) in all three categories:
Low inventory of homes available for sale means it’s still a “seller’s market”!
Contact me for a free “no strings” home evaluation.
Click HERE for the full story from the Fraser Valley Real Estate Board.
The Fraser Valley Real Estate Board (FVREB) says near record-breaking new listings have not been enough to match insatiable buyer demand.
Read the full story and get the latest statistics by clicking the link below…
I agree that with more homes now on the market we’re seeing fewer multiple offers, fewer subject-free offers, and anything over-priced is starting to sit longer.
| The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Fraser Valley Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. |
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