Ben Truscott Real Estate Report - October 2021

Hi Everyone!

The market remains strong in the Fraser Valley with a total of 23,917 sales year to date compared to 15,680 last year, which is a 52.5% increase!

Chillliwack is following the same trend as the Fraser Valley at a total of 4,253 sales year to date compared to 2,838 last year which is an increase of 49.9%

We are seeing a combination of above-average sales with below-average new listings which is putting pressure on home prices.

This is creating a challenging time for buyers who not only are dealing with lower than average inventory but are also facing above-average prices that are continuing to rise.

The Fraser Valley is in need of more listings with only 3,447 active listings in October 2021 compared to 6,872 in October 2020. That is a decrease of 49.8%.

Chilliwack has also decreased 46.9% in October 2021 with only 495 active listings as opposed to 932 in October 2020.

If you or someone you know is thinking of selling, now is a great time to get maximum profit on listing their homes.

If you have any questions about listing your home or if you would like a free, no-commitment evaluation please feel free to call or text me anytime at 604-798-3960
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