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Overall sales in the Fraser Valley fell for the third month as prices for all property types continued to soften, bringing a balance to the region’s real estate market. Detached houses are leading to a drop in home prices and an increase in supply as the balanced market shifts to a buyer’s advantage.
TD Bank forecasts that B.C. average home prices will fall by 8.1 percent by next year which appears optimistic in Metro Vancouver as June sale prices dropped for the third straight month. Detached house prices are seeing the most significant dollar decline, down an average of $37,000 per month from March to June. The average sale price in South Surrey is in line with November 2021 pricing. However, we are still showing the gains made in 2021. The number of sales is comparable to those made in November 2019.
If you plan to sell, I have seen that pricing needs to be strategic and in line with the market, and presentation is key to selling well. A balanced market is a great market to sell in and then upsize or downsize. Don’t be put off by the headlines if you are thinking of selling. Instead, please give me a call. I would be happy to explain your current market.
For nearly eight years, I have worked as an award-winning REALTOR® in the White Rock-Surrey area, focusing on development and residential real estate. My passion lies in helping people see the market clearly. I helped more than 34 families buy and sell real estate and achieve their dreams in the last year. Please call me!
Please call me if you are planning to make a move! I would love to chat with you!
TD Bank forecasts that B.C. average home prices will fall by 8.1 percent by next year which appears optimistic in Metro Vancouver as June sale prices dropped for the third straight month. Detached house prices are seeing the most significant dollar decline, down an average of $37,000 per month from March to June. The average sale price in South Surrey is in line with November 2021 pricing. However, we are still showing the gains made in 2021. The number of sales is comparable to those made in November 2019.
If you plan to sell, I have seen that pricing needs to be strategic and in line with the market, and presentation is key to selling well. A balanced market is a great market to sell in and then upsize or downsize. Don’t be put off by the headlines if you are thinking of selling. Instead, please give me a call. I would be happy to explain your current market.
For nearly eight years, I have worked as an award-winning REALTOR® in the White Rock-Surrey area, focusing on development and residential real estate. My passion lies in helping people see the market clearly. I helped more than 34 families buy and sell real estate and achieve their dreams in the last year. Please call me!
Please call me if you are planning to make a move! I would love to chat with you!