Sales in the Fraser Valley for January 2023 recorded it’s slowest annual start in 10 years. While the benchmark price was down year over year, interestingly, sale prices were up month over month for in some neighbourhoods.
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Sales in the Fraser Valley for January 2023 recorded it’s slowest annual start in 10 years. While the benchmark price was down year over year, interestingly, sale prices were up month over month for in some neighbourhoods.
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Well, that’s a wrap on 2022!
From the market reaching its peak around March/ April, to watching the effects of 7(!) interest rate hikes take effect on the housing industry, it’s safe to say that 2022 was a roller coaster ride.
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November saw both sales and new listings decline, keeping on the trend we’ve seen in the Fraser Valley real estate market for much of the year.
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The Fraser Valley market continues to see an overall balancing trend as rising interest rates play out in combination with healthy levels of active listings and generally steady home sales. Balance is the name of the game right now.
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The Fraser Valley market continues to see an overall balancing trend as rising interest rates play out in combination with healthy levels of active listings and generally steady home sales. Balance is the name of the game right now.
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Fraser Valley real estate sales fell for the fourth straight month in July, as the government continued to raise interest rates in an attempt to rein inflation in.
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Along with the weather, real estate in the Fraser Valley also experienced some cooling conditions in June.
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The month of May saw a continued increase in the number of listings in the Fraser Valley and brought more balance and calmness to what had been an unprecedented hot market during the covid era.
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