The Fraser Valley Real Estate News Room
<<Fraser Valley Real Estate Board (FVREB) - Current News>>
<< Chinese Investment Surge hits Metro Vancouver Housing Market >>
<< Canadians Remain Confident in Real Estate Market >>
<< Vancouver's luxury home sales surge, largely due to influx of offshore money >>
<< Real Estate Market Calm Expected to Follow Hectic 2010 in Metro Vancouver >>
<< B.C.'s average MLS price up 18 per cent in February: BCREA >>
<< The Lower Mainland's Real Estate Market Bidding Frenzy - February 2011 >>
<<Fraser Valley Real Estate Board (FVREB) - Monthly Statistics>>
Our Current Market
We are currently in what is called a "Balanced Market" - Although many would being to argue we are in a "Sellers Market". In South Surrey, the average home is now Valued at over $960,000, nearly a 20% increase from this time last year. The demand for Single Family dwellings has skyrocketed, allowing for Sellers to increase the Value of their homes. In a Seller's Market, there are more Buyers than Homes For Sale. This causes House Prices to increases, due to a large amount of Demand and little Supply. In a Seller's Market you encounter a very short amount of time it takes to sell your home. Other scenarios include Multiple Offers and Homes selling over List Price.
Homelife's Morgan Creek Market Share - 2010