CONDOMINIUM

CURRENTLY IN THE FRASER VALLEY REAL ESTATE BOARD IT IS A SELLERS MARKET FOR CONDOMINIUM STYLE HOMES.

491 Condominium style homes sold in the Fraser Valley Real Estate Board in March 2023. This represents an increase of 205 unit sales, or 72% when compared to the 286 sales observed last month. When comparing the current months sales (491 sales) to the 803 sales observed in March of 2022, sales have decreased by 312 units, or -39%.

1038 Condominium style homes were available for purchase in the Fraser Valley Real Estate Board in March 2023; this represents a decrease of 10 units, or -1%, when compared to the 1048 units observed in inventory last month. When comparing this months inventory (1038 units) to the 848 units of available inventory observed in March of 2022, inventory has increased by 190 units, or 22%.

$530,597 is the average price for a Condominium style home sold in March 2023; this represents an increase of $5,983 in the average sales price, or 1.1% when compared to the average price of sales observed last month ($524,614). When comparing the current months average sale price ($530,597) to the average sale price $599,600 observed in March of 2022, the sale price has decreased by $69,003, or -12%.

When looking at March YTD Condominium sales for each respective year since 2015, 2023 sales currently rank 5th.