🏡 Fraser Valley Real Estate Market Update – April 2025

Hey everyone,

Spring is officially here — but the usual real estate buzz we expect in the Fraser Valley is showing up a little differently this year. If you’re thinking of buying, selling, or just keeping tabs on the market, here’s what you need to know right now.

📊 March Snapshot: Slower Than Usual

We saw 1,036 home sales in March — a 13% bump from February, but still 26% below last year, and nearly 50% under the 10-year average for this time of year.

Why the slowdown?

• Economic uncertainty (hello, new U.S. tariffs)
  
• Buyer caution
  
• Higher inventory gives people more time to shop
  
  

🏘️ More Listings = More Opportunity

There were 3,800 new listings in March, pushing active inventory up to 9,219 homes — a big 49% jump from last year.

That’s created a buyer’s market, with a sales-to-active listings ratio of 11%.

✅ Buyers: You’ve got more choices and more room to negotiate.
⚠️ Sellers: Pricing smart is key — buyers are doing their homework.

💰 Fraser Valley Benchmark Prices

Here’s how prices are tracking:

• Detached Homes – $1,505,500 (⬆️ 0.4% from Feb, ⬇️ 1.2% YoY)
• Townhomes – $833,700 (⬆️ 0.5%, ⬇️ 1.7% YoY)
• Condos – $540,900 (⬆️ 0.5%, ⬇️ 2.6% YoY)
  

Prices are holding relatively steady, but with this much inventory on the market, there’s more room for negotiation than we’ve seen in recent years. 

💡 What This Means for You

📌 Buying?
You’re in a strong position — more options, less pressure, and an opportunity to buy before rates shift again.

📌 Selling?
This market isn’t about waiting for the highest bidder — it’s about working with an experienced team that knows how to price, market, and sell strategically.

🤝 Let’s Chat About Your Next Move

Whether you're buying your first home, upgrading, downsizing, or investing — this market offers real opportunity when you work with the right team.

📲 Let’s connect and talk strategy. I’d love to help you make your move confidently.

Jag Sidhu PREC
Sutton Group-West Coast Realty (Surrey/24)
Jagdeep Sidhu Real Estate Team
📧 jagsidhurealtor@gmail.com
📱 604-614-2842
📍 Fraser Valley Real Estate Expert