Looking back at 2011 in the real estate market, it was definitely a challenging year. Every community in the Fraser Valley was a little bit different than the next. With interest rates as low as they have been, you would think more people would have been scooping up the entry level homes, such as townhouse and condos. But they seemed to have been hardest hit in all communities. Bringing sellers to a hard reality that in order to sell they needed to price their homes right and not necessarily where their neighbours were listed in order to get their homes sold. Which again is why it is good to hire a professional Realtor to help get your home sold!
Our Fraser Valley Real Estate Board President couldn't have said it better..
“I can’t remember a year that illustrates better how local real estate is and the importance of talking to your REALTOR® before making a decision to buy or sell. For example, in my community of Abbotsford, sales of single family homes dropped by almost 7 per cent compared to 2010, pushing prices down slightly, while in South Surrey/White Rock sales increased year over year by 45 per cent resulting in double-digit price increases.” to read more of the stats from 2011 including December stats click on the following link:
http://www.fvreb.bc.ca/blog/index.php/2012/01/04/2011-real-estate-market-showcases-regional-variation
Looking back at 2011 in the Fraser Valley
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.