The stats are in from the FVREB for June 2014. It's always a good idea to know how the local market is doing, especially if considering a purchase and/ or a move in the near future.
Here are some report highlights:
- Surge in demand for single family homes and townhomes in most Fraser Valley communitites
- #1 buyer is families with children
- The benchmark priice for a 'typical' residential property as tracked by the MLS home price index (detached, towhouse, and condos combined) increased 1.3% over June of last year
- The benchmark price for towhouses decreased 0.3% over June of last year according to the MLS HPI
Says Ray Werger, President of the Board: “Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and we’re experiencing that at the ground level". That's good news for the local market.
For more information and to view the full June report by the FVREB, click here.
Have questions about the local market? Need help pricing your home to help it sell fast? Or are you curious about what you can get in the area you love? Contact me today and I can help you with all of your real estate needs!