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Posted in apartment, condo, buying, selling, Fraser Valley, market information, detached, townhomes, single family homes, FVREB, reports, local,, Lower Mainland, Metro Vancouver,, sell your home fast, sell your home fast

 

The Summer is definitely the busy season in the real estate industry!

 

The stats are out for June from the FVREB. Find out how the local market is doing, and what this means for buyers & sellers.

 

Some report highlights:

 

- There is a surge in demand for single family homes & townhomes in most Fraser Valley communitites

 

- The #1 buyer for this property type is families with children 

 

- As tracked by the MLS home price index (detached, towhouse, and condos combined), the benchmark price for a 'typical' residential propertyincreased 1.3% over June of last year

 

- According to the MLS HPI the benchmark price for towhouses decreased 0.3% over June of last year 

 

According to Ray Werger, President of the Board: “Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and we’re experiencing that at the ground level". That's good news for the local market.

 

For more information and to view the full June report by the FVREB, click here.

 

Want to know more about the local market? Have questions about specific areas or property types? 

We're happy to answer all of your questions to make sure you find a home that's right for you and help you sell your home fast.

 

Contact us today to schedule a meeting!

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Posted in buying, selling, Fraser Valley, market information, detached, townhomes, single family homes

Given the current market conditions in the Fraser Valley, detached homes are seeing an upswing in sales...

 

 

With interest rates staying low and home prices remaining stable, single family detached homes are becoming more affordable for families looking to buy. Outpacing townhome sales over the previous month, April sales in the Fraser Valley reflected a shift in property sales, with the most popular price range falling between $500,000- $600,000.

 

For more information about the local market, go to the Fraser Valley Real Estate Board's article here.

 

Image Source: The Daily Telegraph

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