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.