February 2024 Fraser Valley Real Estate Update February 8, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! January 2024, much like January 2023, saw a change in direction with sales, new listings, and (some) prices all increasing for the first time in 6 months. While the amount of sales and price change was not significant, the direction things are going is likely pointing ... Read more →
*|MC_PREVIEW_TEXT|* January 2024 Fraser Valley Real Estate Update January 9, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! 2023 saw the lowest number of sales recorded in the Fraser Valley over the last 10 years. This is almost entirely due to the high interest rates we have been dealing with since they started to increase back in March of 2022.With only 14,713 sales reco... Read more →
Keep Up To Speed with Sale Prices in Your Neighbourhood! Numbers are trending as we would expect heading into the winter months, with slowing sales and fewer new listings. While the direction these numbers are going is expected, we are still seeing much lower than average numbers for November than we would see in a more typical year, but as we know, the market has been on the slow side s... Read more →
*|MC_PREVIEW_TEXT|* Keep Up To Speed with Sale Prices in Your Neighbourhood! With sales continuing to slow down, and new listings starting to pick up, we are finally starting to see balance in our market once again. But, the big questions is, how long will it last?It really depends on many different factors, but the main factor of course will be the interest rates. At the end of October,... Read more →
*|MC_PREVIEW_TEXT|* August 2023 Fraser Valley Real Estate Update August 10, 2023 Keep Up To Speed with Sale Prices in Your Neighbourhood! *|FNAME|*, Are we seeing a reaction to the recent interest rate hikes, or just your typical summer slowdown?With 1,368 sales in July 2023, we saw a decrease of 29% compared to June 2023, but a year to year increase of 38% more sales than July 2022, and... Read more →
Check out what is happening in our market for May 2023! View this email in your browser May 2023 Fraser Valley Real Estate Update May 8, 2023 Get Your Market SnapShot Now! , Is the market trending towards another steep price increase? Or are we even seeing things pick up at all?As far as the stats go, April 2023 looked incredibly similar to March 2023 in total sales, new listings and the... Read more →
February 6, 2023 Get Your Market SnapShot Now! As we head into the second month of the year, we continue to see more of the same for the Fraser Valley Real Estate market as we have in the past several months; Declining sales numbers, and decreasing prices are continuing to correlate with the seemingly ever increasing interest rates, but when will it all stop?January 2023 has set a couple... Read more →
November 8, 2022 Get Your Market SnapShot Now! More of the same is the story of October 2022, as stats remained nearly unchanged from just a month ago. Prices have dropped across the board, which is really not a surprise as we recently had another interest rate hike.With 860 Sales processed in the Fraser Valley for the month of October 2022, we saw a month to month increase of 2% compare... Read more →
*|MC_PREVIEW_TEXT|* October 14, 2022 Get Your Market SnapShot Now! Once again we continue to see the same trends we have seen for most of 2022 happening in the month of September. September 2022 saw a total of 844 sales, 39% fewer sales than the 10 year average for the month of September, 11% fewer than just a month ago in August 2022 which is usually a slower month than September. Compa... Read more →
*|MC_PREVIEW_TEXT|* September 20, 2022 Get Your Market SnapShot Now! The summer months are not typically the busiest months of the year for real estate activity; however, this summer has seen particularly low activity. With only 960 sales in the Fraser Valley Real Estate Board for the month of August 2022, we have seen a month to month decrease of 2.4% compared to July 2022, and a 51.3% ... Read more →
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