Inventory is WAY down in comparison to the same period last year, but what does that really mean? In short, the entire Fraser Valley is undersupplied with not enough listings to satisfy the current buyer demand resulting in a continuing rise in sale prices.
In this month’s Surrey Report, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty, takes a deep dive into the current state of the Fraser Valley Real Estate Market by analysing the FVRB statistics of recent sales across the detached, townhouse and condo markets.
In this month’s Surrey Report, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty, takes a deep dive into the current state of the Fraser Valley Real Estate Market by analysing the FVRB statistics of recent sales across the detached, townhouse and condo markets.
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Benchmark Prices: (Surrey Combined)
Detached = $1,474,500 (+30.7%)
Townhomes =$727,700 (+23%)
Condos = $455,000 (+13.2%)
For the complete stats package, please visit http://www.fvreb.bc.ca/stats/
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