Fraser Valley Real Estate Board - Stats for April 2019

Posted by Mir Khan on Thursday, May 2nd, 2019 at 9:23am.

Stats from April 2019

The Real Estate market in the Fraser Valley has been slightly lower since last month - March 2019 at sales ratio of 22%, verses, April 2019 at sales ration of 21% overall (for all property types) -- still a 'Sellers Market'.

Looking at Surrey, BC, Canada (for detached homes); the March 2019 sales ratio was at 19%, verses, April 2019 sales ratio at 16% -- 'Balanced Market'. The average sales price slightly decreased from March 2019 to April 2019 for detached homes in Surrey, BC, by 1%. The inventory rising in April by 21%; and the sales 1% more in comparison to March 2019 for all detached homes in Surrey, BC. Lastly, the DOM went down by 4 days, to 22 days. For the most part, we are in a balanced market (ask me what this means) at 16% Sales Ratio for the entire Surrey detached homes.

The Detached Homes (Single Family Homes) in Sullivan Station Community - market was strong in March 2019 at 30%, and, in April went down to 7% --> 'Buyers Market'.

'The Fraser Valley real estate market experienced its second slowest April in ten years and yet sales of certain property types and price ranges remain solid.' (Source: News Release Fraser Valley Real Estate Board, May 2 2019)

Please contact me at: (778) 558-4427 or email me at: mir@mirkhan.ca for full details and understanding of how the market is doing, right now. I can share the most recent Fraser Valley and the Greater Vancouver Stats with you, if you are looking to selling your home. Please call us; my team & I will be glad to be of service. :-)

Feel free to leave to comment or ask me something by entering it below 'Leave a Comment' box ...

Thanks for reading.

Mir Khan
Certified International Property Specialist, International Realtor
Century 21 AAA Realty Inc.
(778) 558-4427
mir@mirkhan.ca
www.MirKhan.ca

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com