Fraser Valley Real Estate Market Update | October 2024

[@KatrinaAndTheTeam]

FRASER VALLEY MARKET UPDATE (numbers from October 2024)
🏠 DETACHED HOMES
INVENTORY
October 2024: 3,110
September 2024: 3,294 (🔽 -5.6% decrease)
October 2023: 2,560 (🔼 +21.5% increase)
SALES
October 2024: 470
September 2024: 317 (🔼 +48.3% increase)
October 2023: 318(🔼+47.8% increase)
BENCHMARK PRICE
October 2024: $1,488,000
September 2024: $1,501,100 (🔽 -0.9% decrease)
October 2023: $1,497,500 (🔽 -0.6% decrease)
🏘 TOWNHOMES
INVENTORY
October 2024: 1,384
September 2024: 1,419 (🔽 -2.5% decrease)
October 2023: 897 (🔼 +54.3% increase)
SALES
October 2024: 331
September 2024: 263 (🔼 +25.9% increase)
October 2023: 352 (🔼 +51.8% increase)
BENCHMARK PRICE
October 2024: $832,200
September 2024: $834,400 (🔽 -0.3% decrease)
October 2023: $844,400 (🔽 -1.4% decrease)
🏢 APARTMENTS & CONDOS
INVENTORY
October 2024: 2,228
September 2024: 2,255 (🔽 -1.2% decrease)
October 2023: 1,427 (🔼 +56.1% increase)
SALES
October 2024: 395
September 2024: 296 (🔼 +33.4% increase)
October 2023: 319 (🔼 +23.8% increase)
BENCHMARK PRICE
October 2024: $543,300
September 2024: $545,000 (🔽 -0.3% decrease)
October 2023: $542,600 (🔼 +0.1% increase)
(DISCLAIMER: All information & statistics were received from Fraser Valley Real Estate Board Statistics Package)