VANCOUVER — Fraser Valley real estate markets mirrored the Metro Vancouver experienced in January with a more relaxed pace of sales with rising levels of new listings to bring more market balance to the picture.
The region’s realtors recorded 981 sales through the Multiple Listing Service in January, off 22 per cent from December, but still more than double the number of sales from the same month a year ago when markets across the Lower Mainland had nearly ground to a halt.
“Compared to last January, the market has returned to balance,” board president Paul Penner said in a news release. “Consumers continue to take advantage of the affordability created by lower interest rates.”
Buyers are also seeing a bit more selection as sellers listed 2,941 properties for sale in January, a near doubling from the number of new listings put up for sale in December.
The benchmark price for a Fraser Valley single-family home, the average value of typical homes sold, hit $500,931 in January, up almost 11 per cent from the same month a year ago.
Source: The Vancouver Sun
In the growing Strata Management industry, we are constantly conducting job interviews for different positions…
Living in a strata complex definitely has its perks! Shared amenities, like a gym or…
What can I do as a newbie to break into the strata industry? So you’ve…
Condo living in Vancouver is how most of us live. Whether it's a townhouse or…
A day in the life of a Strata Agent I get asked all the time…
As you probably know by now, depreciation reports are now mandatory in BC, and all…