Looking back at 2011 in the Fraser Valley

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