June Market Update

Posted on Jun 01, 2022

June Market Update: Prices soften as market cools from record highs.

"Since March, we’ve seen sales come down with an accompanying increase in inventory, subsequently restoring much-needed balance and cooling our heated market, While still early, it suggests that as we gradually settle into a post-pandemic state of work and life, the big pandemic-er...

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May Market Update

Posted on May 01, 2022

April market stats indicate great news for buyers and those who are still searching after many months. With sales below the ten year average for the first time in years, we are seeing more balance return to the market
Inventory has increased, and sales have decreased by a third since last month. Homes of all kinds are still selling, but prepare to w...

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April Market Update

Posted on Apr 01, 2022

More homes on the market means good things for buyers! ?

? March saw new listings and inventory continue to climb, giving buyers more options than they've had in a long time!

? Sales remain strong, and benchmark prices are still increasing, but we are seeing fewer multiple offer situations - which is great news for buyers.

?️ What remains to be seen i...

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Market Update

Posted on Mar 01, 2022

➡️➡️➡️ New listings increase by 75% as February brings more inventory to the Fraser Valley market!

?️ The balanced market we are looking for has not yet arrived, but we are hopeful that inventory will continue to trend upward. Although supply issues continue to place pressure on prices, spring may provide a larger volume of listings and with it opportunitie...

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Market Update

Posted on Feb 01, 2022

January Market Update: A move in the right direction! ??? 

January saw an influx of sellers looking to list their homes, which brought much needed inventory to the market. Although sales are still elevated, if the increase in listings continues over the next weeks and months we could see the market move back to a more balanced dynamic. That being said...

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Market Update

Posted on Jan 01, 2022

2021 was the busiest year for real estate in Fraser Valley history. Total property sales for the year shattered the previous record last set 5 years ago, topping 2016's numbers by almost four thousand sales! With many people working from home, and the comparable affordability to Metro Vancouver, demand and prices rose in sync and created a market o...

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