Real Estate Market continues strong
I had a quick look at the monthly stats from the Fraser Valley Real Estate Board and see that the market, on an over-all basis, remains very strong. While the number of listings this month are up by about 10% over last month, sales are up by about 15% over last month and a whopping 100% plus over last year. These calculations are based on the "Month to date" numbers, (10 working days or 6 working days or whatever working days), and are compared to the same number of working days for the month last year and for the previous month.
I do still see soft spots in the market. For example, the 55 plus, age restricted condo market is still a bit sluggish as are condo sales in general. I draw conclusion from all the emailed flyers from other realtors that executive type homes over the $600,000 are also having a tough time in the market. Having said this, it is important to note that every property is unique as is most situations that bring folks to sell or buy real property should be discussed with their realtor and held to the light of where you are before decisions are made.
Posted by Len Visser
on October 15, 2009