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.
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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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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