Fraser Valley Market Stats – January 2021

According to the Fraser Valley Real Estate Board report (FVREB), there were a total of 2802 listings and home sales in the area totaled 1368 showing a Seller’s Market within the Fraser Valley.

For all residential properties in Fraser Valley the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $746,183. This shows a 9.5% change over a yearly period and a 1.6% increase compared to the previous month.

Surrey Market Stats – January 2021

In January there were 640 sales out of a total 1,255 residential properties listed in Surrey. The sales-to-active listings ratio is 62.5% for detached homes, 63.5% for townhomes, and 31.7% for condominiums bringing the average residential property to 51% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,126,100, a 2.3% increase from the previous month and a 14.4% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 7.9% compared to the year before, reaching a benchmark price of $600,267

The HPI Benchmark price of a condominium sits at $441,100; a 0.4% increase compared to last month and a 4.4% increase from the same time last year.

Delta North Market Stats – January 2021

In January there were 66 sales out of a total 124 residential properties listed in Delta North. The sales-to-active listings ratio is 64% for detached homes, 92.3% for townhomes, and 16.7% for condominiums bringing the average residential property to 53.2% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,010,900, a 1.9% increase from the previous month and a 10.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 2.2% compared to the year before, reaching a benchmark price of $576,600

The HPI Benchmark price of a condominium sits at $388,300; a 2.9% increase compared to last month and a 4.8% increase from the same time last year.

White Rock Market Stats – January 2021

In January there were 315 sales out of a total 763 residential properties listed in White Rock. The sales-to-active listings ratio is 37.3% for detached homes, 64.9% for townhomes, and 33.2% for condominiums bringing the average residential property to 41.3% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,476,500, a 1.8% increase from the previous month and a 13.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 10.5% compared to the year before, reaching a benchmark price of $681500

The HPI Benchmark price of a condominium sits at $510,000; a -0.9% decrease compared to last month and a 7.1% increase from the same time last year.

Langley Market Stats – January 2021

In January there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 50.7% for detached homes, 64.9% for townhomes, and 33.2% for condominiums bringing the average residential property to 53.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,163,100, a 2.3% increase from the previous month and a 16.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.8% compared to the year before, reaching a benchmark price of $593,200

The HPI Benchmark price of a condominium sits at $406,100; a 1.4% increase compared to last month and a 5.2% increase from the same time last year.

Mission Market Stats – January 2021

In January there were 53 sales out of a total 84 residential properties listed in Mission. The sales-to-active listings ratio is 60.3% for detached homes, 62.5% for townhomes, and 87.5% for condominiums bringing the average residential property to 63.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $795,300, a 3.8% increase from the previous month and a 21.9% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 8.2% compared to the year before, reaching a benchmark price of $482,700

The HPI Benchmark price of a condominium sits at $377,700; a 5% increase compared to last month and a 9.4% increase from the same time last year.

Abbotsford Market Stats – January 2021

In January there were 215 sales out of a total 431 residential properties listed in Abbotsford. The sales-to-active listings ratio is 74.5% for detached homes, 55.8% for townhomes, and 26.2% for condominiums bringing the average residential property to 49.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $927,000, a 3.4% increase from the previous month and a 16.1% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 7.2% compared to the year before, reaching a benchmark price of $476,300

The HPI Benchmark price of a condominium sits at $327,300; a 0.6% increase compared to last month and a 4.9% increase from the same time last year.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Subscribe To Our Newsletter

No spam, just the latest real estate news, market updates and upcoming projects by Tien Sher 

Follow Us

Recent News

The latest real estate news,

market updates and upcoming

projects by Tien Sher

Subscribe to our Newsletter

FEATURED PROJECTS

Chatham 3755

Learn More

Wembley Crossing

Learn More

Maverick

Learn More

Fraser Valley Market Stats – January 2021 IS COMING SOON

Sign up here to get the latest information on Fraser Valley Market Stats – January 2021 along with other upcoming developments as well as real estate news and market updates