Fraser Valley Real Estate Board | June 2020 Market Report

• (Sales) increase of 113.4 per cent compared to sales in May and an increase of 31.5 per cent compared to the 1,306 sales during June of last year. Last month’s sales were 6.4 per cent below the ten-year average for June.

• (Inventory) 56.6 per cent increase compared to May’s intake of 2,207 new listings and a 23.0 per cent increase compared to June of last year. June finished with 7,063 active listings, an increase of 9.4 per cent compared to May’s inventory and a decrease of 17.1 per cent year-over-year.

• Single Family Detached: At $994,500, the Benchmark price for a single-family detached home in the Fraser Valley increased 0.4 per cent compared to May and, increased 3.6 per cent compared to June 2019.

• Townhomes: At $559,600, the Benchmark price for a townhome in the Fraser Valley increased 0.8 per cent compared to May and increased 1.9 per cent compared to June 2019.

• Apartments: At $435,300, the Benchmark price for apartments/condos in the Fraser Valley increased 0.4 per cent compared to May and increased 3.3 per cent compared to June 2019.

FULL REPORT:

https://www.fvreb.bc.ca/statistics/property-sales-in-the-fraser-valley-more-than-double-in-one-month-as-buyers-return-to-the-market/