SINGLE FAMILY

Currently In The Fraser Valley

REAL ESTATE BOARD IT IS A BALANCED MARKET FOR SINGLE FAMILY STYLE HOMES.

278 Single Family style homes sold in the Fraser Valley Real Estate Board in February 2023. This represents an increase of 96 unit sales, or 53% when compared to the 182 sales observed last month. When comparing the current month's sales (278 sales) to the 684 sales observed in February of 2022, sales have decreased by 406 units, or -59%.

1443 Single Family style homes were available for purchase in the Fraser Valley Real Estate Board in February 2023; this represents an increase of 93 units, or 7%, when compared to the 1350 units observed in inventory last month. When comparing this months inventory (1443 units) to the 1488 units of available inventory observed in February of 2022, inventory has decreased by 45 units, or3%.

FRASER VALLEY REAL ESTATE BOARD SINGLE FAMILY AVERAGE PRICE FEBRUARY 2023

$1,427,964 is the average price for a Single Family style home sold in February 2023. This represents an increase of $45,189 in the average sales price, or 3.3% when compared to the average price of sales observed last month ($1,382,775). When comparing the current months average sale price ($1,427,964) to the average sale price $1,898,693 observed in February of 2022, the sale price has decreased by $1,898,693, or25%.

When looking at February YTD Single Family sales for each respective year since 2015, 2023 sales currently rank 7th.

Currently In The Fraser Valley

REAL ESTATE BOARD IT IS A SELLERS MARKET FOR TOWNHOME STYLE HOMES.

241 Townhome style homes sold in the Fraser Valley Real Estate Board in February 2023. This represents an increase of 71 unit sales, or 42% when compared to the 170 sales observed last month. When comparing the current months sales (241 sales) to the 448 sales observed in February of 2022, sales have decreased by 207 units, or -46%.

668 Townhome style homes were available for purchase in the Fraser Valley Real Estate Board in February 2023; this represents an increase of 9 units, or 1%, when compared to the 659 units observed in inventory last month. When comparing this months inventory (668 units) to the 645 units of available inventory observed in February of 2022, inventory has increased by 23 units, or 4%.

$773,110 is the average price for a Townhome style home sold in February 2023; this represents an increase of $15,129 in the average sales price, or 2% when compared to the average price of sales observed last month ($757,981). When comparing the current months average sale price ($773,110) to the average sale price $988,990 observed in February of 2022, the sale price has decreased by $988,990, or -22%.

When looking at February YTD Townhome sales for each respective year since 2015, 2023 sales currently rank 7th.