White Rock, South Surrey Stats Left & Langley Stats on the right.

Fraser Valley housing market continues to cool amid slower sales, softer prices

Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market.

In June, the Board processed 1,281 sales on its Multiple Listing Service® (MLS®), a decrease of 5.8 per cent compared to May and a 43 per cent decrease compared to June of last year. Sandra Benz, President of the Board, said, “In just two months our market overall has shifted into balance mainly due to a softening of demand for single-family detached homes.

“The condo and townhome markets, although they have moderated, they continue to favour sellers as the sales-to-active listings ratios continue to trend higher, however with fewer multiple offer situations compared to previous months, it’s likely that we will see further softening in these property types as we return to pre-COVID work-life routines.”

For different areas go to my updates tab on this website and click on FVREB  Market Reports or contact me directly for sub areas or a current market analysis of your property.

Happy Friday :-). 

Let me help find you and your family the perfect home in todays markets!

Less Sales more inventory... What does that mean to you?

Ensuring you are working with current market conditions in your area is essential whether you are buying of selling.  As every area and sub area has different inventory, condtions, & products available.  

If you are looking for a dedicated personable local expert I am your Realtor!

Call, text or email.

I look forward to being of assistance.

Click Here to View Listings   Above picture Beautiful New Listing in Ocean Park!

Great Starter Home in South Surrey.

Beautiful Rancher-style home with tasteful updates in a desired South Surrey neighbourhood. Enjoy walks to the beach, local schools and numerous amenities. Imagine living on one level without having to navigate stairs. The layout, bedrooms and living areas are spacious, effective and efficient. This well-maintained home has had many updates including marble tile flooring, covered patio and deck, custom woodwork, paint, roof, skylights and appliances. Enjoy your private backyard all year round with a covered area and ample space for entertaining friends and family. Green thumbs will enjoy the established gardens and raised garden beds. Spacious 2 car garage with room for tools, a workbench and storage.

Click Here to View Listings

Standing out in today's softening real estate market is key!

Reasons to move:

• Are you having to re-mortgage, so feel moving now might work, so you can lock in now before Interest rates increase again?  
• As you will be buying into the same market, it should balance itself out and your home just isn’t working for you and your family anymore.
• Change in family dynamic
• Downsizing so want to sell now before market goes down even more.

There are many reasons to sell right now but the strategy will set you apart from selling quickly in a softening market.  The longer you sit on the market the less money you will get in this market.  That could mean losing tens of thousands of dollars or more.  I have seen it!

No longer can you just list your home and believe it will sell quickly and for top dollar... so strategies must be in place to plan your sale.  

Getting pre-approved by a mortgage broker or your bank in advance so you are very clear on what the best options are for you and your family is a great first step.  

Also planning your strategy with a knowledgeable local realtor.  Having a realtor who understands your local market is essential, for pricing, timing and connections.  Ask questions on how many homes they have sold in your area.  How long does it take the average home to sell in this market? Do I need to do any updates to get top dollar etc.  Your local realtor can provide you the answers you will need to see if this is right time to sell for you.  Also ask about the home you are looking to buy and how much you will likely have to spend.  What is the inventory like for these homes etc.

Lastly, Is your home ready to sell?  Now more than ever your home needs to stand out (and not in a bad way) to get maximum results.  You will need to put your best foot forward to earn top dollar.  Inventory is high and buyers are few.  More expired listings are coming on the market this past month and relisting for much less.  This is a BUYER’S market.  So, you have to declutter, take care of any home maintenance yard clean up etc...and obviously price for today’s market. 

Good luck and please contact me should you have any questions!