Fraser Valley Market Statistics for September 2021 – Liz Penner | Your Langley and Surrey REALTOR®

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SURREY, BC – Demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second-highest levels for the month of September in the 100-year history of the Board.

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Solid Decrease in New Fraser Valley Listings Prove to be a Challenge

The Board processed a total of 1,866 property sales on its Multiple Listing Service® (MLS®) in September, a decrease of 10.6 per cent compared to August and a 16.4 per cent decrease compared to the same month last year.

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Larry Anderson, President of the Board, said, “While we’ve seen a solid increase in new listings compared to August, market conditions continue to be challenging for buyers. Considering the demand across the region, the increase is simply not enough to bolster the inventory required to create greater balance in the market.

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“Demand for residential homes of all types is strong in the Fraser Valley with more sellers returning to the table in September, which is expected at this time of year.”

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In September, the Board received 2,342 new listings, a decrease of 33.4 per cent compared to last year, and an increase of 11.2 per cent compared to August 2021. The month ended with a total active inventory of 3,812, which is a 6.5 per cent decrease compared to August, and a 48.3 percent decrease compared to September 2020.

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Continued Effects of the Pandemic on the Real Estate Market

Baldev Gill, Chief Executive Officer of the  Board, added, “The pandemic continues to have an impact on current conditions and while the market remains steady, we are sensitive to ongoing health and safety concerns. Our members follow stringent protocols as mandated by the Public Health Officer, and we will continue to lead by example for the benefit of our members and their clients.”

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Across Fraser Valley, in September, the average number of days to sell a single-family detached home was 26 and a townhome was 19 days. Apartments took, on average, 26 days to sell.

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MLS® HPI Benchmark Price Activity

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  • Single Family Detached:

At $1,362,220, the Benchmark price for an FVREB single-family detached home increased 1.9 percent compared to August 2021 and increased 31.9 percent compared to September 2020.

  • Townhomes

At $707,300, the Benchmark price for an FVREB townhome increased 1.4 percent compared to August 2021 and increased 24.7 percent compared to September 2020.

  • Apartments:

At $504,500, the Benchmark price for an FVREB apartment/condo increased 1.2 percent compared to August 2021 and increased 15.5 percent compared to September 2020.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”3335″ img_size=”large” add_caption=”yes” alignment=”center” onclick=”img_link_large” img_link_target=”_blank”][/vc_column][vc_column][dt_default_button link=”url:http%3A%2F%2Ffvreb.bc.ca%2Fstatistics%2FPackage202109.pdf|title:Fraser%20Valley%20Market%20Stats%20for%20September%202021|target:_blank” size=”custom” button_alignment=”btn_center” font_size=”16px” button_padding=”10px 100px 10px 100px” border_radius=”3px” btn_decoration=”btn_3d” default_btn_border_color=”#000000″ default_btn_bg_color=”#627364″ bg_hover_color=”#3e362c”]Source: Latest Statistics Package[/dt_default_button][/vc_column][/vc_row][vc_row][vc_column][dt_gap height=”50″][vc_separator color=”custom” style=”shadow” border_width=”3″ accent_color=”#627364″][vc_row_inner][vc_column_inner width=”1/4″][mvc_team_profile member_visibility=”outset” image_id=”1739″ memb_name=”Liz Penner” memb_prof=”Realtor”][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

About Liz Penner | Your Best Langley Real Estate Agent

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Liz Penner is a top-selling licensed real estate salesperson with the Fraser Valley Real Estate Board and has been a top-selling realtor specializing in the residential resale of condos, townhomes, and houses for over a decade. Liz assists residents of the Langley and Surrey areas to sell real estate while looking out for the client’s best interests. Liz also helps first-time homebuyers, families, and repeat purchasers with their property search process, ensuring that her clients get access to the very best homes on the market while receiving excellent service ensuring that they find the perfect place to call home.

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Liz holds a BBA in leadership and has completed a variety of specific training through the Fraser Valley Real Estate Board in the areas of selling strata properties, foreclosures, estate sales, and new construction properties. Liz is also well versed in POAs, the Strata Property Act, and more.

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If you are looking for a knowledgeable and professional real estate agent that is willing to do everything possible to ensure that you get top dollar for the sale of your home or to find the dream home you are looking for in the Surrey and Langley, BC areas then get in contact today.

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Why list your home for sale with Liz Penner

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  • I’ve helped my clients sell over 400 condos, townhomes, and houses throughout the Langley and Cloverdale area, and I’d love the opportunity to do the same for you.
  • I’ve experienced straightforward sales and sales that have gone off the rails, back on the rails, off the rails, and then back on again. That’s just the way the real estate train rolls, and it never rattles me.
  • I’ve got a solid toolkit to pull from when a problem arises. I take my job seriously each time, and I will make sure you get top dollar for your  Fraser Valley, Langley, or Cloverdale home, smooth sailing, or otherwise.
  • If you’re looking for a realtor that you can count on in the Langley and Surrey area.
  • I’m your Agent!
  • If you want top dollar for your home
  • I can do that!
  • Do you want to save money on your next home purchase?
  • I can do that too!

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What you can expect when working with Liz Penner

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  • Fast, Reliable, and Quality service
  • Frequent Communication – from somebody who is available to serve you in the key moments that matter.
  • Expert Advice – from a well-trained and well trained and experienced agent with almost 2 decades of experience as a top-selling real estate agent.

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Caldwell Banker Marquise Realty
3088 Croydon Drive
Surrey BC V3Z 0T1

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