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According to the Fraser Valley Real Estate Board report (FVREB), there were a total of 4445 listings and home sales in the area totaled 1755 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 $727,517. This shows a 6.6% change over a yearly period and a 0.6% increase compared to the previous month.

Surrey Market Stats – October 2020

In October there were 859 sales out of a total 2154 residential properties listed in Surrey. The sales-to-active listings ratio is 40.3% for detached homes, 49.5% for townhomes, and 30.6% for condominiums bringing the average residential property to 39.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,063,134, a 1.3% increase from the previous month and a 8.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.5% compared to the year before, reaching a benchmark price of $584,367

The HPI Benchmark price of a condominium sits at $438,767; a -0.3% decrease compared to last month and a 4.4% increase from the same time last year.

Delta North Market Stats – October 2020

In October there were 85 sales out of a total 212 residential properties listed in Delta North. The sales-to-active listings ratio is 41.1% for detached homes, 46.7% for townhomes, and 30.6% for condominiums bringing the average residential property to 40.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $972,500, a 2.7% increase from the previous month and a 9.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6% compared to the year before, reaching a benchmark price of $580,800

The HPI Benchmark price of a condominium sits at $382,500; a -2.9% decrease compared to last month and a 2.8% increase from the same time last year.

White Rock Market Stats – October 2020

In October there were 310 sales out of a total 1108 residential properties listed in White Rock. The sales-to-active listings ratio is 25.4% for detached homes, 47.9% for townhomes, and 21.5% for condominiums bringing the average residential property to 28% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,443,500, a 2% increase from the previous month and a 9.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.4% compared to the year before, reaching a benchmark price of $678,300

The HPI Benchmark price of a condominium sits at $493,900; a 1.4% increase compared to last month and a 4% increase from the same time last year.

Langley Market Stats – October 2020

In October there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 70.6% for detached homes, 61.7% for townhomes, and 30.9% 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 $1,090,800, a 1.2% increase from the previous month and a 10.9% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.4% compared to the year before, reaching a benchmark price of $576,400

The HPI Benchmark price of a condominium sits at $397,500; a -1.6% decrease compared to last month and a 5.2% increase from the same time last year.

Mission Market Stats – October 2020

In October there were 83 sales out of a total 147 residential properties listed in Mission. The sales-to-active listings ratio is 54.5% for detached homes, 100% for townhomes, and 31.6% for condominiums bringing the average residential property to 56.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $726,000, a 2% increase from the previous month and a 13.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.3% compared to the year before, reaching a benchmark price of $470,700

The HPI Benchmark price of a condominium sits at $353,300; a 0.4% increase compared to last month and a 3.9% increase from the same time last year.

Abbotsford Market Stats – October 2020

In October there were 358 sales out of a total 767 residential properties listed in Abbotsford. The sales-to-active listings ratio is 52.3% for detached homes, 55.1% for townhomes, and 34.6% for condominiums bringing the average residential property to 46.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $873,600, a 0.6% increase from the previous month and a 11% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.5% compared to the year before, reaching a benchmark price of $476,300

The HPI Benchmark price of a condominium sits at $323,400; a -0.3% decrease compared to last month and a 4.8% increase from the same time last year.

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