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MARKET UPDATE NOVEMBER 2016


Blog by Monica Dabrowski | December 2nd, 2016


FRASER VALLEY MARKET MOVES TO FAMILIAR TERRITORY IN NOVEMBER

MARKET UPDATE: Sales and listing activity in the Fraser Valley decreased once again month-over-month, returning to typical levels for the month of November. Of the sales processed last month, 291 were townhouses and 348 were apartments, residential attached product represented more than half of this November 2016’s market activity. 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.

“Through the past four months, we’ve seen a slow but steady return to a more normal market for sales and listing activity. Because of that, the pressure that was previously placed on buyers has been thankfully alleviated, and transactions can be made without the need for hasty decisions dictated by intense competition,” says Charles Wiebe, Board President.

View the full statistics package from the FVREB HERE.