{"id":67436,"date":"2022-07-13T02:03:34","date_gmt":"2022-07-13T02:03:34","guid":{"rendered":"https:\/\/schreders.ca\/?p=67436"},"modified":"2022-11-16T14:05:40","modified_gmt":"2022-11-16T19:05:40","slug":"fraser-valley-real-estate-market-june-2022","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-june-2022\/","title":{"rendered":"Fraser Valley Real Estate Market June 2022"},"content":{"rendered":"\n

Fraser Valley housing market continues to cool amid slower sales, softer prices<\/h2>\n\n\n\n

JUNE 2022 MARKET REPORT<\/h3>\n\n\n\n

Fraser Valley Real Estate Report<\/strong><\/h4>\n\n\n\n

The trend continues. <\/p>\n\n\n\n

Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region\u2019s real estate market.<\/p>\n\n\n\n

Interest rates are of course playing a role as well.  Not only have variable rates increased several times this year, but five-year fixed rates are at their highest levels in a decade. <\/p>\n\n\n\n

However, this is a good time to remind you that not all submarkets behave the same.  For example, the June median sale price of South Surrey condos and townhomes increased 5% from May.  During the same period, many single family detached markets experienced a decrease in prices.  That\u2019s the ideal scenario for those looking for more space and considering a move-up purchase.  <\/p>\n\n\n\n

This reinforces the importance of up to date, local, and market specific information.  No two markets are identical, and that\u2019s where we come in.  Reach out to the Team, we\u2019re always happy to help. <\/p>\n\n\n\n

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See Listed Properties For Sale in Langley BC<\/a><\/p>\n\n\n\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>.<\/p>\n\n\n\n

GO TO LAST MONTHS STATS<\/a><\/strong><\/p>\n\n\n\n

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