Everything you need to know about the Real Estate Market in the Fraser Valley
Posted by Tony Cikes on
- 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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