Buying and Selling Real Estate Blog
Selling Unique BC Properties
January 2021 Fraser Valley Market Stats
The market in January stays the course set by the previous months with the demand far outweighing the demand and leaving very motivated buyers. Sales in January 2021 say an increase of 76% compared to January 2020 which is 72% above the 10 year average.
With 2784 new listings hitting the market in January 2021 it was an increase of 26% over last year, but still there was a decrease of 18% of Active Inventory from last year.
Baldev Gill, Chief Executive Officer notes that 'We're already seeing an improvement in supply levels compared to December, a trend we anticipate that will continue as spring approaches bringing what is typically one of the busiest markets of the year'
Here is a link to the full Stats Package for January 2021 including 5 year summeries, Home Price Index & Average Price charts, Specific Stats for Fraser Valley municipalities in detail and more! CLICK HERE