December Monthly Market News

It’s beginning to feel a lot like Christmas! What a year we have had. It seems this pandemic has surged the demand for everything and changed how we do things. One thing for sure is that change is constant. It has been a busy year for me, and I’ve very grateful to my clients and the wonderful people I have met along the way. As we head into 2022, it’s always good to remember that family and health are the most important, and I wish you all a happy, healthy 2022. 
Robust demand for Fraser Valley real estate continued in November. The Fraser Valley Real Estate Board (FVREB) recorded the region’s second-highest volume of sales of all property types for the month – second only to November 2020.
Larry Anderson, President of the Board, said, “Lack of supply continues to be the biggest factor impacting the market. To see sales increase from October to November, even slightly, is unusual. Typically, as the weather changes and the holiday season approaches, we see sales start to decline, but not this year.
Our province has seen a strong economic recovery in most sectors through this pandemic, and this strength bolsters home purchasing decisions.
The imbalance between supply and demand, coupled with some buyers wanting to use rate holds on lower rate fixed-term mortgages, is keeping upward pressure on home prices in this traditionally quieter time of year for the market”
If you know someone considering buying or selling real estate in the next few months and may need some advice? A friend, relative, area or someone from work? Would you mind getting them to reach out to me? Maneuvering in this market requires experience and a sound understanding of market conditions. I would be so happy to help! 
All the best,Amanda