After three consecutive busy years of Real estate sales surpassing 20,000 units annually, 2018 saw the Fraser Valley real estate market return to more Typical level for both sales and inventory.
New data released today by Fraser Valley Board shows slow down in sales in 2018, Lowest since 2013 and most of realtors in bc acknowledge this.
Sales data by Fraser Valley Board
The Board’s Multiple Listing Service® (MLS®) processed 15,586 sales in 2018, a 30.2 per cent decrease compared to 2017’s 22,338 sales and the lowest total sales for the Fraser Valley since 2013.
For inventory, a total of 32,058 new listings were received by the Board’s MLS® system in 2018. This was the fourth highest total for new inventory in the Board’s history.
Of the total transactions that took place in 2018, 3,866 were townhouses and 4,296 were apartments. Each of those property types saw a significant decrease in sales compared to 2017, with total townhouse sales dropping 25.6 per cent year-over-year and apartments dropping 30.5 per cent.
How to have a successful sale in 2019
In my experience as a realtor in surrey for years, it has always been a key for sellers to price effectively for a successful sale. In 2019 main key for sellers for a successful sale will be to price effectively and leverage their home’s appeal to stand out and find success. Having a realtor who specializes in your neighborhood makes a huge impact on a successful sale.