Referrals are a massive part of my business, and I make sure to always go the extra mile with every single one of my clients.  If you know someone looking to make a move happen, pass my name along and I will be more than grateful for the compliment!

March 2019 is making the trend of "normalization" more and more evident.  With inventory levels beginning to come close to the 10 year averages, March 2019 being only 10% below the 10 year average, while increasing year to year with a 45% increase compared to March 2018, buyers are finally able to take some time and think about their decision to buy or not.  

Prices are stabilizing as well allowing buyers to feel as if they do not have to pay above the market value just to get into the home they desire.  The market is still a great market for sellers, however, hindsight is 20/20 and the reality is that homes are just not worth the same as they were 1 year ago, yet they are still up on average 43% over a 3 year span.  If you ask 100 financial advisers if 43% growth in 3 years is good, I would bet every single one would scream "YES!"

March 2019 saw 1,221 sales of all property types coming in at 24% below the 10 year average, however, we have seen an increase of 24% when compared to February 2019's 924 sales.

Despite what the news would have you believe (Keep in mind that most of the news you are viewing on TV or online is talking about the Vancouver Real Estate Board, and not our Fraser Valley Real Estate Market) the market is still doing quite well.  When we look at the average amount of days it takes for a home to sell, we are still selling on average 14% faster than the 10 year average. The key is to recognize that the market has come down and to price your home accordingly.  I know it is hard to come to terms with the fact that you simply have to sell for less than you would have last year, but it is all relative! Your next home you are buying will be a lower price as well.

One key thing to keep in mind when it comes to real estate is that prices over time have always gone up. Despite what is happening month to month or even year to year, the reality is that prices have increased on average 103% over the last 10 years! Even if that number is 50% in 10 years, think about how much you could potentially make by getting into the market now, and how much more difficult it may be in the future. 

Give me a call today and we can discuss your situation as well as your long term plan, and start stratagizing to get you a great new home or investment property!

I always love sending these newsletters out and getting questions back from all of you about what is happening in the market. Don't hesitate to get in touch with me or just respond to this email if you have any questions at all, and of course if you have any friends or family that would love to get this in their inbox, definitely pass it along!