Fraser Valley Real Estate Board - Stats for June 2019

Posted by Mir Khan on Tuesday, July 2nd, 2019 at 8:00am.

Stats from June 2019

The Real Estate market in the Fraser Valley has been slightly lower since last month - May 2019 at sales ratio of 22%, verses, June 2019 at sales ratio of 18% overall (for all property types) -- switched from a 'Sellers Market' to 'Balanced Market'.

Looking at Surrey, BC, Canada (for detached homes); the May 2019 sales ratio was at 16%, verses, June 2019 sales ratio at 14% -- still in a 'Balanced Market'. The average sales price slightly decreased from May 2019 to June 2019 for detached homes in Surrey, BC, by 1%. The inventory very slightly rising in June by 1%; and the sales 12% less in comparison to May 2019 for all detached homes in Surrey, BC. Lastly, the DOM went up by 5 days, to 24 days from 19 days in May 2019. For the most part, we are in a balanced market (ask me what this means) at 14% Sales Ratio for the entire Surrey detached homes.

The Detached Homes (Single Family Homes) in Sullivan Station Community - market was moderate in May 2019 at 14%, and, in June, unchanged at 14% --> 'Balanced Market'.

'Last month’s property sales in the Fraser Valley were 29.3 per cent below the 10-year sales average for June and were the second lowest total for the month since the year 2000.' (Source: News Release Fraser Valley Real Estate Board, July 3 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. :-)

To view the YouTube stats video, please click here or copy and paste this link:https://youtu.be/IwN-FKghwng

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

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