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.

Jashan Grewal

Jashan Grewal

CENTURY 21 Coastal Realty Ltd.
Contact Me