Unusual end-of-year demand for Fraser Valley real estate

By: Jashan Grewal

Unusual end-of-year demand for Fraser Valley real estate

Tags: #REALTORINSURREY #SOLDBYJASHAN #SURREYREALESTATE #CITYOFPARKS #SELLING #BUYING #FIRSTTIMEHOMEBUYER #HARDWORK #SOLD #SURREYREALESTATE #SURREYREALESTATEBC #STRATAPROPERTIES #REALTORSINSURREY #REALTORSINBC #NORTHDELTA #CLOVERDALE #GETITSOLD #BLOGSURREYREALESTATE #CENTURY21 #SOLDBYJASHAN

A combination of unseasonably high demand and declining supply reinforced Fraser Valley’s real estate market in November.

The Fraser Valley Real Estate Board processed 1,405 sales of all property types on its Multiple Listing Service® (MLS®) in November, an 11.7 per cent decrease compared to sales in October 2019, and a 36.7 per cent increase compared to the 1,028 sales in November of last year.

There were 6,733 active listings available in the Fraser Valley at the end of November, a decrease of 8.5 per cent compared to November of last year and a decrease of 9 per cent compared to October 2019. The Board received 1,877 new listings in November, a 21.2 per cent decrease compared to October 2019’s intake of 2,383 new listings and a 9.6 per cent decrease compared to November of last year.

MLS® HPI Benchmark Price Activity


For the Fraser Valley region, the average number of days to sell an apartment in November was 40, and 38 for townhomes. Single family detached homes remained on the market for an average of 48 days before selling.

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