Fraser Valley Market Update – September 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 4743 listings and home sales in the area totaled 1657 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 $721850. This shows a 6% change over a yearly period and a 1% increase compared to the previous month.

Surrey Market Stats – September 2020

In September there were 799 sales out of a total 2301 residential properties listed in Surrey. The sales-to-active listings ratio is 38% for detached homes, 39.3% for townhomes, and 25.7% for condominiums bringing the average residential property to 34.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1049833.33333333, a 2.7% increase from the previous month and a 5.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.7% compared to the year before, reaching a benchmark price of $587833.333333333

The HPI Benchmark price of a condominium sits at $440133.333333333; a 0.3% increase compared to last month and a 6% increase from the same time last year.

Delta North Market Stats – September 2020

In September there were 77 sales out of a total 226 residential properties listed in Delta North. The sales-to-active listings ratio is 39.5% for detached homes, 32.1% for townhomes, and 19.6% for condominiums bringing the average residential property to 34.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $946800, a 1.2% increase from the previous month and a 8.1% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 8.1% compared to the year before, reaching a benchmark price of $564500

The HPI Benchmark price of a condominium sits at $394000; a 1.8% increase compared to last month and a 7.7% increase from the same time last year.

White Rock Market Stats – September 2020

In September there were 303 sales out of a total 1122 residential properties listed in White Rock. The sales-to-active listings ratio is 21.4% for detached homes, 38.2% for townhomes, and 29.9% for condominiums bringing the average residential property to 27% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1415800, a 1.5% increase from the previous month and a 8.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.8% compared to the year before, reaching a benchmark price of $675700

The HPI Benchmark price of a condominium sits at $487200; a -0.4% decrease compared to last month and a -0.8% decrease from the same time last year.

Langley Market Stats – September 2020

In September there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 53.9% for detached homes, 51.6% for townhomes, and 25.9% 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 $1078100, a 1.1% increase from the previous month and a 9.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.2% compared to the year before, reaching a benchmark price of $576200

The HPI Benchmark price of a condominium sits at $404100; a 0.8% increase compared to last month and a 7% increase from the same time last year.

Mission Market Stats – September 2020

In September there were 104 sales out of a total 189 residential properties listed in Mission. The sales-to-active listings ratio is 62.5% for detached homes, 34.6% for townhomes, and 37% for condominiums bringing the average residential property to 55% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $711700, a 2.1% increase from the previous month and a 11.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5% compared to the year before, reaching a benchmark price of $470000

The HPI Benchmark price of a condominium sits at $352000; a 0.7% increase compared to last month and a 1.1% increase from the same time last year.

Abbotsford Market Stats – September 2020

In September there were 306 sales out of a total 862 residential properties listed in Abbotsford. The sales-to-active listings ratio is 36% for detached homes, 51.2% for townhomes, and 26.8% for condominiums bringing the average residential property to 35.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $868300, a 2.2% increase from the previous month and a 9.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.1% compared to the year before, reaching a benchmark price of $468500

The HPI Benchmark price of a condominium sits at $324500; a -0.2% decrease compared to last month and a 3.9% increase from the same time last year.

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