{"id":8366,"date":"2020-02-08T16:47:10","date_gmt":"2020-02-08T16:47:10","guid":{"rendered":"http:\/\/schreders.ca\/?p=8366"},"modified":"2022-11-16T14:05:45","modified_gmt":"2022-11-16T19:05:45","slug":"fraser-valley-real-estate-market-january-2020","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-january-2020\/","title":{"rendered":"Fraser Valley Real Estate Market January 2020"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">January\u2019s property sales in the Fraser Valley came in 6 per cent above the 10-year average for the month. <\/h2>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">JANUARY 2020 MARKET REPORT<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Fraser Valley Real Estate Report<\/strong><\/h4>\n\n\n\n<p> After a slow 2019, which saw many Buyers sitting on the sidelines, the local Real Estate market has caught fire in early 2020.<\/p>\n\n\n\n<p>A combination of pent up demand from Buyers now willing to come back to the table and very low inventory levels of good homes is resulting in properties selling quickly, at good prices, and in many cases multiple offers.&nbsp; An excellent Seller\u2019s market.<\/p>\n\n\n\n<p class=\"has-text-color has-background has-text-align-center has-vivid-red-color has-very-light-gray-background-color\"><a href=\"https:\/\/schreders.ca\/langley-city\/\">See Listed Properties For Sale in Langley BC<\/a><\/p>\n\n\n\n<p>As a Buyer, prices haven\u2019t yet increased significantly so now\u2019s the time to get in before they do.<\/p>\n\n\n\n<p>Reach out to us to see if the timing is right for you to take advantage of these favourable conditions.&nbsp; Coffee or Beer are always on us!&nbsp;&nbsp;<br><\/p>\n\n\n\n<p><strong>If you are considering selling, buying or just have questions about the market<\/strong>, please give us a call today and <a href=\"https:\/\/schreders.ca\/contact\/\">let\u2019s chat<\/a>.<\/p>\n\n\n\n<p class=\"has-text-color has-background has-text-align-center has-medium-font-size has-vivid-red-color has-very-light-gray-background-color\"><strong><a href=\"https:\/\/schreders.ca\/blog\/fraser-valley-real-estate-market-december-2019\">GO TO LAST MONTHS STATS<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1294\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/Fraser-Valley-Market-JAN-2020-02.png\" alt=\"\" class=\"wp-image-8482\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/Fraser-Valley-Market-JAN-2020-02.png 1000w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/Fraser-Valley-Market-JAN-2020-02-232x300.png 232w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/Fraser-Valley-Market-JAN-2020-02-791x1024.png 791w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/Fraser-Valley-Market-JAN-2020-02-768x994.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">All Fraser Valley Areas Combined <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES DOWN FROM LAST MONTH: -21.6%<\/li><li><strong>Townhouse<\/strong> &#8211; SALES  DOWN  FROM LAST MONTH: -15.7% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  DOWN  FROM LAST MONTH: -20.8% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-all-areas.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1220\" height=\"192\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-All-Areas-Combined-.png\" alt=\"\" class=\"wp-image-8399\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-All-Areas-Combined-.png 1220w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-All-Areas-Combined--300x47.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-All-Areas-Combined--1024x161.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-All-Areas-Combined--768x121.png 768w\" sizes=\"auto, (max-width: 1220px) 100vw, 1220px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Abbotsford<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES  DOWN FROM LAST MONTH: -26.7%<\/li><li><strong>Townhouse<\/strong> &#8211; SALES UP FROM LAST MONTH: 9.7% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES DOWN FROM LAST MONTH: -25.9%  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-abbotsford.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1222\" height=\"195\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Abbotsford.png\" alt=\"\" class=\"wp-image-8400\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Abbotsford.png 1222w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Abbotsford-300x48.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Abbotsford-1024x163.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Abbotsford-768x123.png 768w\" sizes=\"auto, (max-width: 1222px) 100vw, 1222px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Mission<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES UP FROM LAST MONTH:  38.1%<\/li><li><strong>Townhouse<\/strong> &#8211; SALES DOWN FROM LAST MONTH:  -57.1% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  DOWN FROM LAST MONTH:   -33.3% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-mission.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1216\" height=\"193\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Mission.png\" alt=\"\" class=\"wp-image-8401\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Mission.png 1216w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Mission-300x48.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Mission-1024x163.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Mission-768x122.png 768w\" sizes=\"auto, (max-width: 1216px) 100vw, 1216px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">White Rock \/ South Surrey<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES DOWN FROM LAST MONTH:  -4.9% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES DOWN FROM LAST MONTH:  -18.6%  <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  DOWN FROM LAST MONTH:  -18.4%   <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-white-rock-south-surrey.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1217\" height=\"183\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-White-Rock-South-Surrey.png\" alt=\"\" class=\"wp-image-8403\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-White-Rock-South-Surrey.png 1217w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-White-Rock-South-Surrey-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-White-Rock-South-Surrey-1024x154.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-White-Rock-South-Surrey-768x115.png 768w\" sizes=\"auto, (max-width: 1217px) 100vw, 1217px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Langley<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -24.6% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES DOWN FROM LAST MONTH:  -34.7% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  DOWN FROM LAST MONTH:  -19.3% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-langley.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1217\" height=\"181\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Langley.png\" alt=\"\" class=\"wp-image-8402\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Langley.png 1217w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Langley-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Langley-1024x152.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Langley-768x114.png 768w\" sizes=\"auto, (max-width: 1217px) 100vw, 1217px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Delta \u2013 North<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -46.7% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES  UP FROM LAST MONTH:  60.0% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES DOWN FROM LAST MONTH: -28.6% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-delta-north.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1220\" height=\"192\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Delta-North.png\" alt=\"\" class=\"wp-image-8404\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Delta-North.png 1220w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Delta-North-300x47.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Delta-North-1024x161.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Delta-North-768x121.png 768w\" sizes=\"auto, (max-width: 1220px) 100vw, 1220px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 Central<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -29.7% <\/li><li><strong>Townhouse<\/strong> &#8211; SALES  UP FROM LAST MONTH:  1.4% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES DOWN FROM LAST MONTH:  -25.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-surrey-central.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1217\" height=\"186\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Central.png\" alt=\"\" class=\"wp-image-8405\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Central.png 1217w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Central-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Central-1024x157.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Central-768x117.png 768w\" sizes=\"auto, (max-width: 1217px) 100vw, 1217px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 Cloverdale<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES  DOWN FROM LAST MONTH:  -6.7% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -18.9% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES UP FROM LAST MONTH:  9.5% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-surrey-cloverdale.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1210\" height=\"185\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Cloverdale.png\" alt=\"\" class=\"wp-image-8406\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Cloverdale.png 1210w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Cloverdale-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Cloverdale-1024x157.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-Cloverdale-768x117.png 768w\" sizes=\"auto, (max-width: 1210px) 100vw, 1210px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 North<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -22.9% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -36.4% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  DOWN FROM LAST MONTH:  -24.2% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-surrey-north.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1213\" height=\"190\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-North.png\" alt=\"\" class=\"wp-image-8407\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-North.png 1213w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-North-300x47.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-North-1024x160.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/02\/MLS\u00ae-Summary-Fraser-Valley-BC-January-2020-Surrey-North-768x120.png 768w\" sizes=\"auto, (max-width: 1213px) 100vw, 1213px\" \/><\/a><\/figure>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\"> What Does The Fraser Valley Real Estate Board Have To Say?  <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Fraser Valley January home sales typical; new listings lagging<\/h1>\n\n\n\n<p>SURREY, BC \u2013 January\u2019s property sales in the Fraser Valley came in 6 per cent above the 10-year average for the month, while new listings finished 11 per cent below historical norms.<\/p>\n\n\n\n<p>The Fraser Valley Real Estate Board processed 974 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in January, a 21.9 per cent decrease compared to sales in December 2019, and a 24.2 per cent increase compared to the 784 sales in January of last year.<\/p>\n\n\n\n<p>Of the 974 total MLS\u00ae sales of residential and commercial combined in the Fraser Valley, 363 were single family detached homes, 241 were townhouses, and 248 were apartments.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cConsidering our record-shattering snow and cold, the pace of home sales remained surprisingly balanced in January,\u201d said Darin Germyn, President of the Board. \u201cSales in our region have steadily improved since July of last year and January\u2019s numbers remained consistent with that trend.\u201d<\/p><\/blockquote>\n\n\n\n<p>There were 5,143 active listings available in the Fraser Valley at the end of January, an increase of 9.8 per cent compared to December 2019\u2019s inventory and a decrease of 14.2 per cent year-over-year.<\/p>\n\n\n\n<p>Additionally, 2,216 new listings were received by the Board for the month, a significant increase compared to December 2019\u2019s intake of 948 new listings and a 15.1 per cent decrease compared year-over-year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWhere the weather may have had an impact in January, is on our housing supply,\u201d observed Germyn. \u201cFor certain property types, listings in the Fraser Valley are not keeping pace with sales.&nbsp; In areas of Surrey and Langley for example, for every two townhomes listed, one is selling. So, if you\u2019re thinking of buying, talk to your REALTOR\u00ae about local market conditions to understand the variances\u201d.<\/p><\/blockquote>\n\n\n\n<p>For the Fraser Valley region, the average number of days to sell an apartment in January was 49, and 47 for townhomes. Single family detached homes remained on the market for an average of 60 days before selling.<\/p>\n\n\n\n<p><strong>MLS\u00ae HPI Benchmark Price Activity<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Single Family Detached:<\/strong>&nbsp;At $960,800, the Benchmark price for a&nbsp;<em>single-family detached<\/em>&nbsp;home in the Fraser Valley increased 0.7 per cent compared to December 2019 and, also increased 0.7 per cent compared to January 2019.<\/li><li><strong>Townhomes:<\/strong>&nbsp;At $518,000, the Benchmark price for a&nbsp;<em>townhome<\/em>&nbsp;in the Fraser Valley in the Fraser Valley increased 0.6 per cent compared to December 2019 and decreased 0.8 per cent compared to January 2019.<\/li><li><strong>Apartments:<\/strong>&nbsp;At $408,400, the Benchmark price for&nbsp;<em>apartments\/condos<\/em>&nbsp;in the Fraser Valley increased 0.7 per cent compared to December 2019 and decreased 0.1 per cent compared to January 2019.<\/li><\/ul>\n\n\n\n<p>Find the January Statistics Package&nbsp;<a href=\"https:\/\/fvreb.bc.ca\/statistics\/Package202001.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n<hr>\n<h3 style=\"text-align: center;\">Are you a stats geek?<\/h3>\n<h4 style=\"text-align: center;\">Want to see a breakdown of all the numbers yourself? Sign up for a&nbsp;<strong>Full Monthly Statistics Package<\/strong> every month.<\/h4>\n<table style=\"background-color: #8f0509;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\">\n<h2><span style=\"color: #ffffff;\">Get The Full Monthly Statistics Package<\/span><\/h2>\n<p><span style=\"color: #ffffff;\">[contact-form-7 id=&#8221;825&#8243; title=&#8221;Email Form&#8221;]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>January\u2019s property sales in the Fraser Valley came in 6 per cent above the 10-year average for the month. JANUARY 2020 MARKET REPORT Fraser Valley Real &hellip;<\/p>\n","protected":false},"author":2,"featured_media":8161,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,64],"tags":[],"class_list":["post-8366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post","category-monthly-market-updates"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/8366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/comments?post=8366"}],"version-history":[{"count":1,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/8366\/revisions"}],"predecessor-version":[{"id":70594,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/8366\/revisions\/70594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media\/8161"}],"wp:attachment":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media?parent=8366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/categories?post=8366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/tags?post=8366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}