Fraser Valley Real Estate Market Update October 2016

Published on November 8, 2016 in News by Eva

The Fraser Valley Real Estate Board recently published the statistics for the Fraser Valley real estate market for October 2016.

Sales were up slightly and inventory hit a 10 year low.

Sales activity was healthy in October, especially in the townhome and apartment categories. With prices beginning to level-off, it appears that buyers are becoming more motivated to explore the Valley’s available inventory.

Charles Wiebe FVREB President

Here are some of the key numbers for Fraser Valley for October 2016:

  • There were 1,465 sales for the month – down 17.4% over October 2015 and up 12.1% over September 2016
  • There were 2,197 new listings for the month – up 1.9% over October 2015 and down 18.9% over September 2016
  • There were 6,035 active listings for the month – down 7.7% over October 2015 and down 6.0% over September 2016
  • The average price was $616,402 for the month – up 1.7% over October 2015 and up 3.4% over September 2016.

Click on the link to read all of the details on the Fraser Valley Real Estate Board website.

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Eva Poulson Mortgage Broker
BC & Alberta Mortgage Broker

Eva Poulson

When I'm not breaking the knuckles of different lenders for better mortgages for my clients - I'm kidding (or am I?) - you can usually find me visiting with friends or family, writing for this blog, or doing my best to keep from capsizing a dragon boat!

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