More Listings, Fewer Sales: September 2011 Fraser Valley StatisticsPosted by amanbath on Oct 31, 2011 in Blog | 0 comments
Property sales in the Fraser Valley Real in September were the third lowest for that month in the last decade, while new listings for September ranked the second highest, according to the Fraser Valley Real Estate Board. The FVREB processed 1,165 sales in September, an increase of 12% compared to the same month last year and a decrease of 13% compared to August.
The board also posted 2,651 new properties in September, an increase of 10% compared to September of last year and on par with the listings it received in August. The number of active listings in the Fraser Valley remained at 10,096 in September, an annual high for the last three months.
The benchmark price of a single family detached home in the Fraser Valley in September was $530,321, an increase of 4.5% compared to $507,429 in September 2010 and 0.3% higher than the price in August.
For townhouses, the benchmark price in September was $327,546, an increase of 1.8% compared to the same month last year and unchanged with the price in August. The benchmark price of apartments in September was $243,420, an increase of 1.6% compared to September 2010 and down 0.9% compared to August.
Find the latest statistics package from the Fraser Valley Real Estate Board, click here.