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Average Selling Prices by Quarter
Prices have come down from the record highs we have experienced over the last few years in the Fraser valley. Now we are experiencing record low mortgage rates and more affordability for home buyers. This is a great opportunity to get into the market because as the Active homes sell and leave fewer to choose from, the selling prices will likely increase as long are there are still buyers ready to buy!
Selling Real Estate
Average Prices (Sales to Actives Ratio)
The large gap depicts a Buyers Market for the time being. However we will soon see the gap tighten as fewer homes are currently being listed and buyers are abundant to take advantage of the low interest rates and the affordability of homes in todays market. As this gap becomes smaller we will likely see home prices stabilize and begin another trend upward.
Buying Real Estate
Benchmark Price (Apartment, Townhouse, Detached)
Apartment (Green) Townhouse (Red) Detached (Blue)
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