2024-Q1 UDI State of the Market Report

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Re-Sale Data

INSIGHTS AND COMMENTS

• A total of 3,035 re-sales were recorded in Q1-2024 in

the Fraser Valley: 1,060 single family re-sales, 867

townhome re-sales, and 1,108 apartment re-sales.

• All apartment, townhome and single detached re-sales

were up compared to the same quarter last year as

they increased by 17.4 percent, 10.8 percent, and 14.3

percent, respectively.

• Sales-to-listings ratios decreased for single family

homes, townhomes, and apartments by 18.1 percent ,19.5

percent, and 17.8 percent, respectively, when compared to

Q1-2023.

• The benchmark prices by product type in the

Fraser Valley in Q1-2024 were as follows:

Apartment - $564,308, Townhome - $868,921, and

Single Family - $1,552,991.

• The benchmark price has increased for single family,

townhome, and apartment re-sales by 2.0 percent, 10.0

percent, and 7.7 percent, respectively, when compared

to the same quarter last year.

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