The Fraser Valley Real Estate Board broke two records in the month of March 2021, with the most new listings and sales ever recorded in the history of the FVREB. The FVREB processed 3,329 sales for the month of March 2021, a remarkable 120% increase from this month last year!
Larry Anderson, President of the Board, remarks, “This market is uncharted territory for Fraser Valley real estate. The surprising strength of the economy, the influence of the pandemic and a lack of inventory of all property types has created unprecedented demand for housing in our region.”
This month brought some good news for buyers, as the volume of new listings dramatically increased. New listings in the Fraser Valley increased 91% compared to this month last year, and 56% more than February 2021.
The Board processed 3,329 sales of all property types on its Multiple Listing Service® (MLS®) in March 2021. 101 sales took place in Mission — a 57.3% increase in sales from this month last year. 90 detached homes were sold in March 2021, compared to 41 in March 2020.
Active listings in Mission for detached homes and townhomes decreased by 38.9% and 86.7% respectively compared to this month last year; though new listings dramatically increased, signaling an improvement in inventory.
Mission Real Estate Statistics
- 137 new listings in March 2021 compared to 77 in February 2021.
- 101 sales of all property types in March 2021, up from 93 sales in February 2021.
- The number of active listings in Mission for all property types increased by 48.2% compared to last month.
- Mission’s Benchmark Price for detached homes in March 2021 was $887,500 compared to $676,400 in March 2020, an increase of 31.2%.
If you’re thinking of buying or selling your home, it’s important to have an experienced Realtor to help you through this unprecedented market. If you have any questions about real estate in Mission or would like a complimentary home evaluation, call me directly at 604-302-0177 or email me at [email protected] – let’s talk!
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