Fraser Valley condo sales prices have declined by 18.55% in value from the peak of the market in February 2022.

Fraser Valley Condos for sale

Currently Fraser Valley condos are selling for an average of 94.9% of list price, on the market for average of 33 days on market and selling for an average of $591 per square foot.

The average condo in the Fraser Valley was $609,000 at the peak in February 2022 and currently the average condo is currently selling for $496,000, representing a decline in home value of 18.55%. Across all property types the decline has been sharper with the average price peaking at $1,282,397 in February 2022 and declining to $928,961, representing a decrease of 27.5%,

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Want to know more about the upcoming changes to real estate rules in BC? Check out:

https://lizpenner.com/real-estate-rule-changes-coming-soon-to-bc-housing-for-sale/

Interested in reading about the changes to the rules of Cooperation in BC? Check out:

https://lizpenner.com/rule-changes-that-will-affect-real-estate-for-sale-in-the-fraser-valley/

Curious about the foreign buyers’ ban? Check out:

https://lizpenner.com/buying-in-the-fraser-valley/

About Liz Penner, your Langley and Surrey Realtor

Liz Penner has been a top-selling agent for nearly two decades specializing in property sales in the Langley and Surrey areas of the Fraser Valley. Liz utilizes her unique combination of education, training, and experience to help her clients make strategic moves that maximize their investment in property. Liz’s commitment to excellence has earnt her 10-year Master Medallion standing with the Fraser Valley Real Estate Board and the 2021 & 2022 Royal LePage’s Directors Platinum award. Liz Penner holds an Associate Broker’s real estate license, training in financial and market analysis of commercial real estate, and a Bachelor of Business Administration in Entrepreneurial Leadership, focusing on strategic business analysis, digital marketing, and management of service-based organizations.