Home Trends Courtesy of Harvir Sandhu

HARVIR SANDHU | exp REALTY

REAL ESTATE REBOUND CONTINUES FOR FRASER VALLEY SURREY, BC, November 4, 2019 – The demand for Fraser Valley real estate is the strongest it’s been since the spring of 2018. The Fraser Valley Real Estate Board processed 1,592 sales of all property types on its Multiple Listing Service® (MLS®) in October, an 18.5 per cent increase compared to sales in September 2019, and a 37.8 per cent increase compared to the 1,155 sales in October of last year. Darin Germyn, President of the Board, says, “Our market started to pick up in the summer and we’ve been steadily improving since.” There were 7,398 active listings available in the Fraser Valley at the end of October. The Board received 2,383 new listings in October. At $952,600, the Benchmark price for a single-family detached home in the Fraser Valley increased 0.3 per cent compared to September 2019. For the Fraser Valley region, the average number of days to sell an apartment in October was 34, and 37 for townhomes. Single family detached homes remained on the market for an average of 46 days before selling.

AVG. SALE PRICE SFD 1 $1,000,760

AVG. SALE PRICE Townhouse $574,220

ACTIVE LISTINGS 7,398

SOLD LISTINGS 1,592

1 SFD = Single Family Dwelling Source: Fraser Valley Real Estate Board Market values stated are of the average of Fraser Valley and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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