Found 3 blog entries tagged as Fraser Valley.

Did the market slow down or are sales still up in November? Here 5 things to know about the Real Estate Market in the Fraser Valley for the month of November 2015:

  1. Supply:  We had 3,713 properties listed thru the month of November which is down -54.5% from this time last year (November 2014) and down -17.0% from last month (October 2015). 
    What this means is.... we have 1.7 months of inventory for detached houses and 3.9 months of inventory for attached homes (condos, townhomes and 1/2 duplex).
  2. Demand: 1,571 properties sold in November which is up +62.1% from this time last year (November 2014) and up +1.6% from last month (October 2015).
  3. Time:  The average time for a detached house to sell was 18.6 days.  For attached homes (condos,…

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Here are 5 things you should know about the real estate market in the Fraser Valley for October 2015:

  1. Supply:  We had 4,344 properties listed thru the month of October which is down -42.5% from this time last year (October 2014) and down -10.9% from last month (September 2015). 
    If we look into those stats further.... we have 2.1 months of inventory for detached houses and 3.6 months of inventory for attached homes.
  2. Demand: 1,546 properties sold in October which is up +20.2% from this time last year (October 2014) and up +3% from last month (September 2015).
  3. Time:  The average time for a detached house to sell was 15.7 days.  For attached homes (condos, townhouses and 1/2 duplexes) it was 27.6 days.
  4. Prices: The average price of…

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  • We are in a Seller's market for houses with 24% of the homes selling within a month and we are in a Buyer's Market for attached homes with 13% of the homes selling within a month.
  • Sales are up 12.3% from a year ago!
  • Inventory is down -4.1% from a year ago.
  • The detached housing market has 4.5 months of inventory while our attached market has 8.2 months.
  • The average price of a house is $569,787
  • The average price of an attached home is $281,158.

If we compare from a year ago (November 2013):
Prices are up 4.8% for houses and down 1.2% for attached homes.

Now... there are some areas that are selling better than others just as some areas offer better buying opportunities.  Here are the three most expensive areas:

For Detached…

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