September Market Update
Posted on Nov 03, 2023
For Buyers, we finally have less pressure. Typically options to pick from, negotiable prices, and flexible terms. For Sellers, best to polish your diamond well and price sharp to achieve your goals.Summarized by Narinder Bains,
“With inventory levels continuing on a slow and steady rise, together with slow sales, what we are seeing is a more balanc...August Market Update
Posted on Nov 03, 2023
August Market Update summary with Narinder Bains. “Many buyers are in “watchful waiting” mode as they hold off on decisions in anticipation of potential further rate changes,” said Narinder Bains, Chair of the Fraser Valley Real Estate Board. “With prices relatively stable and active inventory on the rise, we hope to see more new listings come on st...
July Market Update
Posted on Aug 04, 2023
This statement from Narinder, chair of the FVREB, sums up well what we've been seeing over the last month...
“Summer is typically a slower period for the real estate sector and the higher interest rates are contributing to the market slowdown. We’re seeing less traffic and fewer multiple offers as buyers and sellers put a pause on decisions and we e...
June Market Update
Posted on Jul 01, 2023
The The last month has shown us that low supply and high demand is still the driving factor behind the hot Fraser Valley housing market.
In spite of rising interest rates and prices continuing to climb, buyers are not showing signs of slowing down. We are still seeing multiple offers on the most sought after homes, and homes of many different sizes a...
May Market Update
Posted on Jun 03, 2023
More sellers and listings are bringing inventory up and we are celebrating the increase of options for buyers. The spring rush of activity (although slightly delayed) has arrived and the market continues to buzz with movement. Homes are moving faster than the previous few months due to a healthy demand from buyers, and competition...
April Market Update
Posted on May 05, 2023
Market Update!We are seeing signs of a very active spring market as April rolls into May.Lots of buyers and limited supply are creating a seller's market. We do expect more homes to come on the market soon as we are seeing more homeowners choosing to list after keeping a careful eye on interest rate hikes and prices over the last few months. We ar...