Another Record-Setting Month for Real Estate in the Fraser Valley
Once again it was an extremely busy month for Real Estate in the Fraser Valley. Sales were up 78 per cent from January and 79 per cent from February 2015. The number of new listings were also up considerably; however, inventory is still considered to be low and it is a market heavily favouring sellers. The benchmark price of a single family home rose to $714,000, up 23 per cent from February 2015.
“While it’s certainly encouraging to see such confidence in our region, the intense demand has created a more complex market for buyers. For certain property types, prices have increased and selection is scarce. If you find yourself struggling in your search, consult a professional. We know the market and we’re here to help you.” – Charles Wiebe, President of the Board
Limited showings, multiple offers, subject free offers, and limited time to research and make decisions are becoming more and more common in this fast paced market. It is a complex environment, making it more critical than ever for prospective buyers and sellers to properly prepare themselves and work with a professional in the industry.[bctt tweet=”Another Record-Setting Month for Real Estate in the #FraserValley” username=”@jws_realestate”]
Read the full News Release from the Fraser Valley Real Estate Board here: https://www.fvreb.bc.ca/blog/index.php/2016/03/02/another-record-setting-month-for-fraser-valley-real-estate
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