SINGLE FAMILY

Currently In The Fraser Valley

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

282 Single Family style homes sold in the Fraser Valley Real Estate Board in November 2023. This represents a decrease of 36 unit sales, or -11% when compared to the 318 sales observed last month. When comparing the current month's sales (282 sales) to the 269 sales observed in November of 2022, sales have increased by 13 units, or 5%.

2339 Single Family style homes were available for purchase in the Fraser Valley Real Estate Board in November 2023; this represents a decrease of 221 units, or -9% when compared to the 2560 units observed in inventory last month. When comparing this months inventory (2339 units) to the 1840 units of available inventory observed in November of 2022, inventory has increased by 499 units, or 27%.

$1,460,071 is the average price for a Single Family style home sold in November 2023. This represents a decrease of $73,677 in the average sales price, or -4.8% when compared to the average price of sales observed last month ($1,533,748). When comparing the current months average sale price ($1,460,071) to the average sale price $1,314,092 observed in November of 2022, the sale price has increased by $145,979, or 11%. When looking at November YTD Single Family sales for each respective year since 2015, 2023 sales currently rank 7th.