Ravi Punia - REALTOR®

Fraser Valley Specialist

FRASER VALLEY REAL ESTATE BLOG POSTS

Following up on my last blog post, regarding August 2020 housing market stats, it's worth focussing in on detached home sales.


Fraser Valley residential real estate in August 2020 showed a very high level of demand for detached houses.  


For example, detached house sales were up by the following (August 2020 vs August 2019)


ALL AREAS COMBINED - UP 72%


ABBOTSFORD - UP 92%


MISSION - UP 69%


WHITE ROCK / SOUTH SURREY - UP 86%


LANGLEY - UP 51%


NORTH DELTA - UP 31%


CITY OF SURREY (COMBINED) -...

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To say the residential real estate in the Fraser Valley was HOT in August 2020 would be an understatement.  The housing market from Surrey to Abbotsford, and everything in between, was on fire.


August 2020 showed the Fraser Valley had the second highest number of property sales in the past two decades! 


The Fraser Valley Real Estate Board processed 2,039 sales in August 2020, up 57% compared to August 2019.  This represents sales for the month 39% above the 10-year average.


These figures...

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It’s not surprising that the real estate market in the Fraser Valley was rather quiet in the month of April 2020.  In fact it was one of the slowest Aprils in history.  It was like that in pretty much ALL real estate markets due to the lockdown impacts of the Covid-19 pandemic.  As such, the following is an overview of what the housing market looked like in our Fraser Valley markets in April.


There were 688 sales, which was down about half compared to April 2019.


 


In terms...

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*This blog communication is not intended to cause or induce breach of an existing agency agreement.  Views are my own and do not reflect those of any organizations that I may be associated with.

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.