Market Update: March 2018

Real Estate_Stats

A quick snapshot of the Fraser Valley’s real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford, and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

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The Fraser Valley Real Estate Market is continuing to surge forward with no drop in sight. Springtime typically spurs along the market and gives sales a boost, making this an ideal time to place your home on the market.

This March the market speed indicator sits at 46% making the Fraser Valley a Sellers Market.

Total sales at the end of March totaled: 1488, up from last months total of 1237.

The median sales price of homes across the Fraser Valley came in at $719,000, dropping just 1% from last months high of $723,000.

There were a total of 3212 listings, a rise of 13% from February’s 2836.

Are you interested in listing your home or perhaps want to see the stats in your area? Get in touch with us today! 

 

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