Home prices resilient despite lower sales 17 september 2012

Overall, we’re seeing prices stay resilient, however in almost half of our communities, the three month

trend is showing a decrease in prices while the other half is showing increases so for a detailed market

analysis, the stats for our local fraser valley board are as follow :-

Last month’s 1,073 property sales represent a 20 per cent decrease compared to the 1,341 sales during August of

last year and 23 per cent fewer than in July.

Across the Fraser Valley, the benchmark price of a single family detached house in August was $551,400, an

increase of 3.5 per cent compared to $532,700 in August 2011.

For townhouses, the benchmark price in August was $303,000, a decrease of 0.7 per cent compared to $305,200

during the same month last year. The benchmark price of apartments in Fraser Valley in August was $206,600, an

increase of 3.4 per cent compared to $199,800 in August 2011.

All statistics are from Fraser valley real estate board not confirmed please check with the board.