Trevor Miller

Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.

For detached homes, prices are on par with October 2021 levels, while townhomes and apartments are up 7.7 per cent and 11.5 per cent, respectively, over 2021.

The average number of days spent on the market before selling was relatively unchanged for detached homes and apartments compared to last month (34 days and 31 days, respectively). Townhomes moved more quickly at 27 days (compared to 32 days in September).

Click HERE for full story.

The latest FVREB stats out today show a continued slowing of sales and a slight rise in inventory combining to bring greater stability to the Fraser Valley housing market.

• Single Family Detached: At $1,462,000, the Benchmark price decreased 3.4 per cent compared to August 2022 and increased 4.1 per cent compared to September 2021.

• Townhomes: At $822,400, the Benchmark price decreased 2.3 per cent compared to August 2022 and increased 11.6 per cent compared to September 2021.

• Condos: At $530,400 the Benchmark price decreased 2.1 per cent compared to August 2022 and increased 14.5 per cent compared to September 2021

Click HERE for the full story.

The latest stats are out from the Fraser Valley Real Estate Board, and the average number of days to sell a single-family detached home has increased to 33. For townhomes it’s 26 days, while apartments/condos in August took, on average, 25 days to sell. 

Click HERE for latest stats from Fraser Valley Real Estate Board.

The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control.

“It is important to keep in mind that real estate is and always will be an asset with considerable upside over the long-term,” said Fraser Valley Real Estate Board President, Sandra Benz.

“As prices come down from the highs of recent months, there are opportunities for buyers who have been waiting to re-enter the market and shop for the right property.” 

View the press release & stats HERE 

A slowing of sales combined with an increase in active listings is helping to restore a semblance of balance to the market, which is encouraging for homebuyers, says the Fraser Valley Real Estate Board.

Click HERE for the full story.

According to the Fraser Valley Real Estate Board, it continues to be a seller’s market as demand continues to outpace supply in the region.

Read the latest stats HERE.

New FVREB stats show White Rock/South Surrey benchmark prices have increased (again) in all three categories:

• Detached Homes: up 1.3% from prior month and 22.7% from 2020
• Townhomes: up 2.3% from prior month and 24.6% from 2020
• Condos: up 0.5% from prior month and 18.6% from 2020

Low inventory of homes available for sale means it’s still a “seller’s market”!

Contact me for a free “no strings” home evaluation.

Click HERE for the full story from the Fraser Valley Real Estate Board.

The Fraser Valley Real Estate Board (FVREB) says near record-breaking new listings have not been enough to match insatiable buyer demand.

Read the full story and get the latest statistics by clicking the link below…

http://www.fvreb.bc.ca/statistics/near-record-breaking-new-listings-in-the-fraser-valley-not-enough-to-match-insatiable-buyer-demand/

I agree that with more homes now on the market we’re seeing fewer multiple offers, fewer subject-free offers, and anything over-priced is starting to sit longer.

Full details HERE

Congrats to my clients Rod & Cindy on the quick sale of their townhouse. 15 showings in 2 days, multiple offers, $50,000 over asking!

Thinking about selling? Get me working for you!