October 2023 - Fraser Valley Real Estate Market Snapshot

Page 11

CONDOMINIUM

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SALES

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

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319 Condominium style homes sold in the Fraser Valley Real Estate Board in October 2023. This represents a decrease of 25 unit sales, or -7% when compared to the 344 sales observed last month. When comparing the current months sales (319 sales) to the 278 sales observed in October of 2022, sales have increased by 41 units, or 15%.

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Chart 9: FVREB Condominium Sales Source: Fraser Valley Real Estate Board - REALTORS ®

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INVENTORY

1427 Condominium style homes were available for purchase in the Fraser Valley Real Estate Board in October 2023; this represents an increase of 36 units, or 3%, when compared to the 1391 units observed in inventory last month. When comparing this months inventory (1427 units) to the 1268 units of available inventory observed in October of 2022, inventory has increased by 159 units, or 13%.

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Chart 10: FVREB Condominium Inventory Source: Fraser Valley Real Estate Board - REALTORS ®

Fifth Avenue - Condominium

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