May 2022 - Fraser Valley homes sales cool!

Fraser Valley Market update June 2, 2022 In May, Fraser Valley homes sales cool, inventory has increased resulting in a softening of home prices, bringing a balance to the market that has not been seen since prior to the pandemic. Sales of all property types were down 16.9% from April and down 53.9% from May last year.  MLS® HPI Benchmark Price Activity. Single Family Detached: At $1,712,500, the Benchmark price for an FVREB single-family detached home decreased 2.4 per cent compared to April 2022 and increased 26.2 per cent compared to May 2021. Townhomes: At $918,900, the Benchmark price for an FVREB townhome decreased 1.4 per cent compared to April 2022 and increased 31.3 per cent compared to May 2021. Apartments: At $581,400 the Benchmark price for an FVREB apartment/condo decreased 1.1 per cent compared to April 2022 and increased 30.0 per cent compared to May 2021. There are opportunities in every market and especially a changing market. Its an excellent time to consider upsizing. I'm connected to up-to-date information and understand the trends, contact me when someone you know is looking for a realtor!

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.