Once again it’s time for another quick stats summary of what’s happening here in the Fraser Valley Real Estate Market, and it is looking like all signs are good for a strong spring.
Sales where up 23% over January this year and a whopping 77% up for February last year, which is quite staggering.
The Olympic slow down was not nearly what was expected, partly due to mortgage rules changing in April and HST coming in July. However open houses where slower than normal but with a 14% increase in listings over January it gives buyers a little more selection. Between the new listing taken and the sales that are happening it is really leveling out the housing prices creating a great balanced market, creating an equal opportunity to buy and sell real estate.
For specific average housing prices by area please consult the full stats package on the Fraser Valley Real Estate Board Site.
If you have any questions or would like to find out more about what’s happening in your area please comment here or email me at info@chrispenner.com
Cheers!
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Filed under: Real Estate News, Stats
