{"id":17436,"date":"2021-05-04T11:35:45","date_gmt":"2021-05-04T18:35:45","guid":{"rendered":"https:\/\/www.vancouvernewcondos.com\/?p=17436"},"modified":"2021-05-05T09:40:38","modified_gmt":"2021-05-05T16:40:38","slug":"april-2021-fraser-valley-real-estate-board-statistics-package-with-charts-graphs","status":"publish","type":"post","link":"https:\/\/www.vancouvernewcondos.com\/april-2021-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\/","title":{"rendered":"April 2021 Fraser Valley Real Estate Board Statistics Package with Charts &#038; Graphs"},"content":{"rendered":"<p><iframe loading=\"lazy\" style=\"border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;\" src=\"\/\/www.slideshare.net\/slideshow\/embed_code\/key\/yhTgOsDYio2nOn\" width=\"768\" height=\"714\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span> <\/iframe><\/p>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<h1>Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices<\/h1>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>SURREY, BC \u2013 For the eighth consecutive month, Fraser Valley real estate saw record\u2010breaking sales with April topping the previous monthly high set in 2016. The 2020\/2021 pandemic seller\u2019s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record\u2010breaking months, last set in 2015\/2016.<\/p>\n<p>In April, the Fraser Valley Real Estate Board (FVREB) processed 3,016 sales on its Multiple Listing Service\u00ae (MLS\u00ae), an increase of 338 per cent compared to April 2020 and a 9 per cent decrease compared to March. (Note that sales and new listings in April 2020 were significantly restricted due to the pandemic lockdown.) The previous record high for sales in April was 2,969 in 2016.<\/p>\n<p>Larry Anderson, President of the Board, said, \u201cAlthough it remains very competitive and challenging for buyers, April could be the turning point in this historic market. In the last couple of weeks, we have seen evidence of a change in pace.<\/p>\n<p>\u201cIn general, we\u2019re seeing fewer multiple offers, fewer subject\u2010free offers, and homes over\u2010priced are starting to sit longer. These are positive signs that the market is responding to near\u2010record levels of new inventory.\u201d<\/p>\n<p>The Board received the highest volume of new listings ever in March 2021 and that elevated pace continued in April. Last month, the Board received 5,018 new listings, an increase of 254 per cent compared to April 2020, and a decrease of 1 per cent compared to March 2021. The influx of new listings improved supply with total active inventory reaching 6,030 in April 2021, 20 per cent higher than in March and the highest it\u2019s been in six months.<\/p>\n<p>Baldev Gill, Chief Executive Officer of the Board, added, \u201cBuyers and sellers will note that we\u2019re already seeing increases in home prices start to slow in response to the new supply.<\/p>\n<p>\u201cIf you have an active listing now or are thinking of selling, it\u2019s critical to work with a professional REALTOR\u00ae to ensure your asking price is realistic and competitive based on today\u2019s market, not yesterday\u2019s.\u201d<\/p>\n<p>Across Fraser Valley, in March, the average number of days to sell a single\u2010family detached home was 13 and a townhome was 10 days. Apartments took, on average, 22 days to sell.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li><span><span><span><strong>Single Family Detached:<\/strong> At $1,293,300, the Benchmark price for an FVREB single\u2010family detached home increased 4.5 per cent compared to March 2021 and increased 30.3 per cent compared to April 2020<\/span><\/span><\/span><\/li>\n<li><strong><strong>Townhomes: <\/strong><\/strong>At $652,400, the Benchmark price for an FVREB townhome increased 4.5 per cent compared to March 2021 and increased 18.0 per cent compared to April 2020<\/li>\n<li><strong><strong><strong>Apartments: <\/strong><\/strong><\/strong>At $478,700, the Benchmark price for an FVREB apartment\/condo increased 2.9 per cent compared to March 2021 and increased 9.3 per cent compared to April 2020.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"section-title\">\n<div>\n<h5 class=\"header4\">*Editor&#8217;s note<\/h5>\n<\/div>\n<\/div>\n<div class=\"text parbase\">\n<p>1. Areas covered by the Fraser Valley Real Estate Board include: White Rock, Abbotsford, Mission, Langley, Delta-North &amp; the City of Surrey &#8211; North Surrey, Central Surrey, Cloverdale and South Surrey.<\/p>\n<hr \/>\n<p>Statistics for Related Areas<\/p>\n<ul>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/april-2021-real-estate-board-of-greater-vancouver-statistics-package-with-charts-graphs\/\" target=\"_blank\" rel=\"noopener\">Vancouver Real Estate Stats <\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/april-2021-victoria-real-estate-board-statistics-package-with-charts-graphs\/\" target=\"_blank\" rel=\"noopener\">Victoria Real Estate Stats <\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/april-2021-the-okanagan-real-estate-statistics-package-with-charts-graphs\/\" target=\"_blank\" rel=\"noopener\">Okanagan Real Estate Stats <\/a><\/li>\n<\/ul>\n<p>Statistics from Recent Months<\/p>\n<ul>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/march-2021-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\/\" target=\"_blank\" rel=\"noopener\">March 2021 Fraser Valley Real Estate Stats\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/february-2021-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\/\" target=\"_blank\" rel=\"noopener\">February 2021 Fraser Valley Real Estate Stats<\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/january-2021-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\/\" target=\"_blank\" rel=\"noopener\">January 2021 Fraser Valley Real Estate Stats<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices SURREY, BC \u2013 For the eighth consecutive month, Fraser Valley real estate saw record\u2010breaking sales with April topping the previous monthly high set in 2016. The 2020\/2021 pandemic seller\u2019s market in the Fraser Valley has&#8230;<\/p>\n","protected":false},"author":33,"featured_media":17439,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[4018],"tags":[4816,4819,4021,4023,2487,2500,2488,2501,2502,2493,4020,4022],"taxonomy_info":{"category":[{"value":4018,"label":"Fraser Valley Real Estate Board (FVREB) Monthly Sales Statistics"}],"post_tag":[{"value":4816,"label":"April 2021 Real Estate News"},{"value":4819,"label":"Fraser Valley April 2021 Housing Market"},{"value":4021,"label":"Fraser Valley Housing Market Stats"},{"value":4023,"label":"fvreb stats"},{"value":2487,"label":"Home buyer"},{"value":2500,"label":"Housing Demand"},{"value":2488,"label":"Housing Market"},{"value":2501,"label":"Housing Supply"},{"value":2502,"label":"sales-to-active listings"},{"value":2493,"label":"Sales-to-Active Ratio"},{"value":4020,"label":"the Fraser Valley housing market"},{"value":4022,"label":"The Fraser Valley Real Estate Board Statistics"}]},"featured_image_src_large":["https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2021\/05\/FVREB-Apr-21-850x517.jpg",850,517,true],"author_info":{"display_name":"Vicky Aulakh","author_link":"https:\/\/www.vancouvernewcondos.com\/author\/vicky\/"},"comment_info":0,"category_info":[{"term_id":4018,"name":"Fraser Valley Real Estate Board (FVREB) Monthly Sales Statistics","slug":"fraser_valley_real_estate_board_monthly_sales_statistics","term_group":0,"term_taxonomy_id":4018,"taxonomy":"category","description":"These are the Fraser Valley Real Estate Board (FVREB) Monthly Statistics provided by Vancouver New Condos courtesy of FVREB","parent":0,"count":71,"filter":"raw","cat_ID":4018,"category_count":71,"category_description":"These are the Fraser Valley Real Estate Board (FVREB) Monthly Statistics provided by Vancouver New Condos courtesy of FVREB","cat_name":"Fraser Valley Real Estate Board (FVREB) Monthly Sales Statistics","category_nicename":"fraser_valley_real_estate_board_monthly_sales_statistics","category_parent":0}],"tag_info":[{"term_id":4816,"name":"April 2021 Real Estate News","slug":"april-2021-real-estate-news","term_group":0,"term_taxonomy_id":4816,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":4819,"name":"Fraser Valley April 2021 Housing Market","slug":"fraser-valley-april-2021-housing-market","term_group":0,"term_taxonomy_id":4819,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":4021,"name":"Fraser Valley Housing Market Stats","slug":"fraser-valley-housing-market-stats","term_group":0,"term_taxonomy_id":4021,"taxonomy":"post_tag","description":"","parent":0,"count":55,"filter":"raw"},{"term_id":4023,"name":"fvreb stats","slug":"fvreb-stats","term_group":0,"term_taxonomy_id":4023,"taxonomy":"post_tag","description":"","parent":0,"count":55,"filter":"raw"},{"term_id":2487,"name":"Home buyer","slug":"home-buyer","term_group":0,"term_taxonomy_id":2487,"taxonomy":"post_tag","description":"","parent":0,"count":218,"filter":"raw"},{"term_id":2500,"name":"Housing Demand","slug":"housing-demand","term_group":0,"term_taxonomy_id":2500,"taxonomy":"post_tag","description":"","parent":0,"count":218,"filter":"raw"},{"term_id":2488,"name":"Housing Market","slug":"housing-market","term_group":0,"term_taxonomy_id":2488,"taxonomy":"post_tag","description":"","parent":0,"count":218,"filter":"raw"},{"term_id":2501,"name":"Housing Supply","slug":"housing-supply","term_group":0,"term_taxonomy_id":2501,"taxonomy":"post_tag","description":"","parent":0,"count":218,"filter":"raw"},{"term_id":2502,"name":"sales-to-active listings","slug":"sales-to-active-listings","term_group":0,"term_taxonomy_id":2502,"taxonomy":"post_tag","description":"","parent":0,"count":218,"filter":"raw"},{"term_id":2493,"name":"Sales-to-Active Ratio","slug":"sales-to-active-ratio","term_group":0,"term_taxonomy_id":2493,"taxonomy":"post_tag","description":"","parent":0,"count":218,"filter":"raw"},{"term_id":4020,"name":"the Fraser Valley housing market","slug":"the-fraser-valley-housing-market","term_group":0,"term_taxonomy_id":4020,"taxonomy":"post_tag","description":"","parent":0,"count":57,"filter":"raw"},{"term_id":4022,"name":"The Fraser Valley Real Estate Board Statistics","slug":"the-fraser-valley-real-estate-board-statistics","term_group":0,"term_taxonomy_id":4022,"taxonomy":"post_tag","description":"","parent":0,"count":55,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/posts\/17436"}],"collection":[{"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/comments?post=17436"}],"version-history":[{"count":0,"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/posts\/17436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/media\/17439"}],"wp:attachment":[{"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/media?parent=17436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/categories?post=17436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vancouvernewcondos.com\/wp-json\/wp\/v2\/tags?post=17436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}