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What is my home worth and When is a good time to sell?


A NEW MARKET - Fraser Valley real estate kicked-off the New Year strong with sales reaching above the ten-year average for January, and a healthy intake of new inventory.

The Fraser Valley Real Estate Board processed 976 sales of all property types on its Multiple Listing ServiceĀ® in January, a decrease of 27.1 per cent compared to the 1,338 sales in January of last year, and a 1 per cent increase compared to 966 sales in December 2016. Of the 976 sales processed last month, 212 were townhouses and 276 were apartments, representing exactly half of the monthā€™s market activity.

The Board received 2,178 new listings in January, a significant 162.7 per cent increase from December 2016, and a 13.2 per cent decrease compared to January 2016ā€™s 2,510 new listings.

"This is a great time to list in the Fraser Valley; buyers are looking at a wider range of homes and the market is still lacking inventory needed to match demand. If you need help figuring out your next step, talk your local REALTORĀ® and they can help you get to market quickly and stress-free.ā€

For the Fraser Valley region, the average number of days to sell a single family detached home in January 2017 was 49 days, compared to 33 days in January 2016.

Source: FVREB


Address

Homelife Benchmark Realty Ltd.

1920 152nd Street, White Rock, BC

V4A 4N6

Contact

Shana Rivett

shanarivett@oceanparkrealtor.com

(604) 603-8053

Ā©2017 BY OCEAN PARK REALTOR. PROUDLY CREATED WITH WIX.COM

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