For the first time in 9 months, no Real Estate records were set in June. As anticipated, the fast and furious Seller's market has softened, giving buyers more time to maneuver in the market. Offers do include more subjects; however, I have seen bold offers with no subjects, just a lower price than sellers anticipated. Inventory remains low, with a...
Records all around in Real Estate! A Seller's market typically lasts for 4 months, and I see that evident in this market. Fraser Valley's real estate market continued to break sales records in May for the ninth consecutive month while also reaching near-historic levels of new listings in May. But, as Larry Anderson, President of the Fraser Valley...
For the eighth consecutive month, Fraser Valley Real Estate saw record-breaking sales with April breaking the previous monthly record set in 2016. At the beginning of the month, I felt the market had started to shift but I was surprised mid month with the market being truly “bananas” as I was involved in some multiple offer situations where the pro...
In March, Fraser Valley real estate hit historical highs, setting the record "Sales Processed" levels since the 1921 inception of the Fraser Valley Real Estate Board (FVREB). It was an active month, and while frustrating for buyers who often ended up in bidding wars, my Sellers were able to exceed their expectations this month, some with multiple o...
Strongest January on Record From January, sales set a new record high for the month, 72% above the 10-year average and 28% higher than the previous record of 1,338 sales in January 2016. There is a societal shift in the last year in how people value their homes, and the common drive is to find more space for people. Investors are excited about the...