In January 2024, the Fraser Valley Real Estate Board recorded a total of 938 property sales throughout the region. Out of these, 32 transactions occurred right here in Mission, BC. These statistics provide valuable insights into the local real estate market as we kick off the new year, making them essential for prospective buyers, sellers, or anyone keeping an eye on Mission’s property scene.

fvreb quote january 2024

Mission’s Real Estate Statistics: By the Numbers

Detached Homes in Mission:

  • Sales: In January 2024, there were 19 detached homes sold in Mission. This represents an increase from January 2023 when 16 homes were sold but a decrease from December 2023 when 32 homes were sold.
  • New Listings: The number of new listings for detached homes in January 2024 was 61, marking an increase compared to January 2023 with 50 new listings and a significant jump from December 2023 when there were 19 new listings.
  • Active Listings: As of January 2024, there are 151 active listings for detached homes in Mission, showing an increase from January 2023 when there were 124 active listings, but only a slight uptick from December 2023 when there were 143.
  • Benchmark Price: The benchmark price for detached homes in January 2024 is $986,700, indicating a steady upward trend from January 2023 when it was $899,400. It’s slightly higher than December 2023, which had a benchmark price of $983,200.

Townhouses in Mission:

  • Sales: In January 2024, Mission saw 5 townhouses sold, which is an improvement from January 2023 when only 3 townhouses were sold but a decrease from December 2023 when 7 were sold.
  • New Listings: The number of new listings for townhouses in January 2024 is 18, marking an increase compared to January 2023 with 10 new listings and slightly more than December 2023, which had 8 new listings.
  • Active Listings: Currently, there are 34 active townhouse listings in Mission, a noticeable increase from January 2023 when there were 20 active listings and slightly more than December 2023 when there were 32.
  • Benchmark Price: The benchmark price for townhouses in January 2024 is $667,500, showing a gradual increase from January 2023 when it was $616,500. It’s slightly lower than December 2023, which had a benchmark price of $670,500.

Apartments in Mission:

  • Sales: In January 2024, 8 apartments were sold in Mission, indicating a significant improvement from January 2023 when no apartments were sold and an increase from December 2023 when 6 apartments were sold.
  • New Listings: There were 31 new apartment listings in January 2024, marking a substantial increase compared to January 2023 when there were only 8 new listings and slightly more than December 2023, which had 20 new listings.
  • Active Listings: Currently, there are 49 active apartment listings in Mission, higher than both January 2023 when there were 28 active listings and December 2023 when there were 34.
  • Benchmark Price: The benchmark price for apartments in January 2024 is $450,900, showing a slight increase from January 2023 when it was $441,000 and remaining relatively stable compared to December 2023, which had a benchmark price of $452,300.

Insights and Takeaways

Mission’s real estate market in January 2024 presents a diverse set of results. While there’s an evident increase in new listings and active listings across all property types, sales have seen fluctuations. This may be attributed to seasonal variations, with the beginning of the year typically experiencing lower activity. However, the benchmark prices for detached homes and townhouses indicate continued demand for these property types. As we move through January 2024, it’s essential for both buyers and sellers in Mission to stay informed about these market trends, ensuring they make informed decisions in the dynamic real estate landscape.

If you have any questions about real estate in Mission or would like a complimentary home evaluation, give me a call at 604-302-0177 or email me at [email protected] – let’s talk!

Get the latest statistics package here!