Fraser Valley Real Estate Stats for November 2009

Real Estate Agent with Serving Abbotsford, Chilliwack, and the Fraser Valley


Fraser Valley Real Estate Board Stats for November 2009


Well as expect we hit another sales record this month with 1,522 sales which was a 200% increase from the same month last year (This is where we all say WOW). We are down a little bit from last month by only about 10% but that is to be expected as we head toward Christmas.


The major cause for this abnormal market activity is continued low interest rates, with this November being the 2nd busiest in the last 10 years.


Prices are on a slow rise, but keep in mind that 70% or all homes sold (detached, townhouses, condos) and 46% of detached homes sold for under $500,000, which is real a testament to the affordability that has arrived in the market place.


The average days on market where 56 days for detached homes, 46 for townhouses, and 58 days for condos, which is what you would expect for a balanced market place.


I know you are thinking what kind of market are we in and if you look on page 9 of the pdf link you will see we are right around the buyers market/balanced market.


If you also look at page 11 on the pdf you will notice that the gap between condo prices and detached home prices have separated quite a bit over the last few years and the look to be continuing in that direction. So if you are currently looking at moving into a bigger home or even just to a detached home, if you would like more information on what it would take to move up to a detached home let me know.


If you would like specific stats for your city please check out the full stats report at Fraser Valley Real Estate Stats. If you need more information of help understanding what all the numbers mean please email me at





For information on Chilliwack Real Estate Stats please email me at


Comments (2)

Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Wow Indeed ! Hope those sales numbers have continued for you !

Cheers !

Jan 15, 2010 05:51 AM
Chris Penner
Serving Abbotsford, Chilliwack, and the Fraser Valley - Abbotsford, BC
Real Estate Consultant - Keller Williams Valley Realty

Apparently I never responded to this. Sorry Sheldon. We are plowing ahead here like nothing else in the valley, we had a 8-10 month slump and now back at it. Nothing like what it was but active for sure.




Feb 01, 2010 04:28 AM