December Fraser Valley Home Sales Set Records

In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in Fraser Valley, BC, still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020, says the Fraser Valley Real Estate Board. There were 2,086 sales, the strongest December on record and 81.2 per cent above normal for the month. New listings were the second highest on record at 1,502. By month’s end, active inventory finished below typical levels, at 3,949 units. The total sales volume for the year in Fraser Valley was 19,926; an increase of 28.7 per cent compared to 2019’s 15,487 sales and placing it fourth highest for annual sales since 2011.