Fraser Valley Real Estate Board - Stats for March 2019

Posted by Mir Khan on Wednesday, April 3rd, 2019 at 8:20am.

Stats from March 2019

The Real Estate market in the Fraser Valley has been stronger since last month - February 2019 at sales ratio of 14%, verses, March 2019 at sales ration of 19% (for detached homes in Surrey, BC, Canada). The average sales price slightly decreased from February 2019 to March 2019 for detached homes in Surrey, BC. The inventory slightly rising in March; and the sales 28.6% more in comparison to February 2019 for all detached homes in Surrey, BC. Lastly, the DOM is 2 days more. For the most part, we are in a tip-end of a balanced market (ask me what this means) at 19% Sales Ratio for the entire Surrey.

The Detached Homes (Single Family Homes) - market has been strong in Sullivan Station with a sale ratio of 30%, followed by; West Newton @28% and, Panorama Ridge @27%.

The entire Fraser Valley Real Estate Board for all properties in March 2019 - increased by 24.3% compared to February 2019; and, 26.6% decrease compared to March 2018. This was the lowest sales total for the Fraser Valley Real Estate Board since March 2013. (Source: News Release Fraser Valley Real Estate Board April 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 me and myself and my team will be glad to be of service. :-)

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