FVREB – Continued growth in new listings

New Listings in the Fraser Valley have continued to climb for the last 3 months. Overall inventory is increasing to level not seen since last July. Property sales remain robust, as Benchmark prices, the price of a typical home, continued to increase month-over-month.

In March, the FVREB processed 2,580 residential and commercial sales on its Multiple Listing Service® (MLS®), a decrease of 22.5 per cent compared to March 2021 and 41.4 per cent more than were processed in February.

Statistics Package 2022-03- Fraser Valley

MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,726,900, the Benchmark price for an FVREB single-family detached home increased 3.4 per cent compared to February 2022 and increased 39.5 per cent compared to March 2021.
• Townhomes: At $886,400, the Benchmark price for an FVREB townhome increased 5.4 per cent compared to February 2022 and increased 41.9 per cent compared to March 2021.
• Apartments: At $643,000, the Benchmark price for an FVREB apartment/condo increased 4.6 per cent compared to February 2022 and increased 38.2 per cent compared to March 2021.

Find the Fraser Valley Real Estate Board March Statistics Package here. 

Thanks, 
Sunny Kaler – PREC
REMAX Blueprint Realty