{"id":4972,"date":"2018-12-05T16:38:43","date_gmt":"2018-12-05T16:38:43","guid":{"rendered":"https:\/\/schreders.ca\/?p=4972"},"modified":"2022-11-16T14:05:47","modified_gmt":"2022-11-16T19:05:47","slug":"fraser-valley-real-estate-market-november-2018","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-november-2018\/","title":{"rendered":"Fraser Valley Real Estate Market November 2018"},"content":{"rendered":"

The Fraser Valley housing market sales and inventory levels for November were on par with historical averages for this time of year.<\/h1>\n

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November 2018 STATISTICS REPORT<\/span><\/h2>\n

Fraser Valley Real Estate Report<\/strong><\/p>\n

November sales and inventory levels remain on par with historical averages for this time of year. The Fraser Valley Real Estate Board processed 1,028 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in November, a decrease of 41 per cent compared to the 1,743 sales in November of last year, and a 11 per cent decrease compared to sales in October 2018. Of the 1,028 total sales, 383 were residential detached homes, 241 were townhouses, and 286 were apartments.<\/p>\n

See Listed Properties in Langley BC<\/a><\/span><\/p>\n

November finished with 7,355 listings, decreasing 5 per cent month-over-month and increasing 43.4 per cent year-over-year. This means there is a lot more inventory for buyers to choose from. Buyers should take this time to really consider making a purchase. There are great deals to be had out there. In Langley city, there is a very strong buyers market for homes within the 1-1.5 million range.<\/p>\n

As for sellers, don\u2019t be discouraged. Homes are still selling, you just need to price your home effectively and ensure that it shows its best. The most active price band is between $700,000 \u2013 $800,000 with an average of 39% sales ratio (sellers market). There is also still a sellers market to be had for properties of 2 bedrooms or more in Aldergrove and Murrayville.<\/p>\n

If you are considering selling, buying or just have questions about the market<\/strong>, please give us a call today and let\u2019s chat<\/a><\/span>.<\/p>\n

See last months statistics –>> https:\/\/schreders.ca\/fraser-valley-real-estate-market-october-2018\/<\/a><\/strong><\/span><\/p>\n

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All Fraser Valley Areas Combined<\/h2>\n

Abbotsford – Mission – White Rock – Langley – Delta\/North – Surrey Central – Cloverdale – Surrey\/North<\/strong><\/p>\n

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Abbotsford<\/h2>\n

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Mission<\/h2>\n

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White Rock \/ South Surrey<\/h2>\n

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Langley<\/h2>\n

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Delta – North<\/h2>\n

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Surrey – Central<\/h2>\n

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Surrey – Cloverdale<\/h2>\n

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Surrey – North<\/h2>\n

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What Does The Fraser Valley Real Estate Board Have To Say?<\/h2>\n

Fraser Valley market stays quiet through November<\/h2>\n
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SURREY, BC \u2013 Despite November\u2019s market continuing at a slower pace and dropping compared to all-time highs in 2017, sales and inventory levels for the month were on par with historical averages for this time of year.<\/p>\n

The Fraser Valley Real Estate Board processed 1,028 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in November, a decrease of 41 per cent compared to the 1,743 sales in November of last year, and a 11 per cent decrease compared to sales in October 2018.<\/p>\n

Of the 1,028 total sales, 383 were residential detached homes, 241 were townhouses, and 286 were apartments.<\/p>\n

 \u201cLessening demand continues to impact our market significantly,\u201d said John Barbisan, President of the Board. \u201cIn turn, that has given purchasing power back to buyers who now have more time and more options when it comes to making a decision.\u201d<\/p><\/blockquote>\n

Active inventory for the Fraser Valley in November finished at 7,355 listings, decreasing 5 per cent month-over-month and increasing 43.4 per cent year-over-year.<\/p>\n

A total of 2,077 new listings were received by the Board in November, a 25.2 per cent decrease from that received in October 2018, and a 10.6 per cent decrease compared to November 2017.<\/p>\n

\u201cThe market is shifting, albeit slowly. But while buyers are enjoying a more comfortable real estate environment, sellers will have to pay attention to how these changes will affect their chances at success.<\/p>\n

Work with a local REALTOR\u00ae who can help you put your home in the best position to move. There are always ways to elevate your home\u2019s appeal and potential to sell, even when the market is slower.\u201d<\/p><\/blockquote>\n

HPI\u00ae Benchmark Price Activity<\/strong><\/p>\n