Record Setting Year for Fraser Valley Real Estate
MARKET UPDATE: 2016 was the strongest year in history for Fraser Valley real estate! Record setting numbers were seen in both total of MLS transactions and overall dollar volume sold. The Board’s MLS processed 23,974 sales in 2016, 13.6 per cent more than the 21,095 sales in 2015, and 12.6 per cent more than the previous record of 21,282 sales in 2005. The total dollar volume of MLS sales was a record setting $16.2 billion. Statistics are gathered based on sales processed through the MLS (Multiple Listing Service). Click on the link below to view the full statistics package from the Fraser Valley Real Estate Board.
After the strong and steady housing market throughout 2016, and at times being hugely active, the year came to an end with more typical sales levels as anticipated during this time of year supported with low inventory. Now that the New Year has begun and as we move into the Spring market, any would-be sellers are in a great position to take advantage of well-set pricing and current limited supply.
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