This is a question a Realtor gets asked all the time … by clients, friends, investors, colleagues, acquaintances.
In response to the question here are a couple recently published articles that help explain the Great Vancouver and Fraser Valley real estate market in September and how it has set the tone for October sales. It is important to keep in mind that real estate is highly localized and dependant on the specific neighborhood you are in. It is best to speak with a local Realtor in the areas that interest you to get an accurate picture of its conditions.
Jorda Maisey, FVREB president, said, “Sales remain brisk depending on the property type and location. We’re continuing to see many family homes that are priced right receive multiple offers and sell in a matter of days. People actively looking for a home will already know that in some communities, selection is very tight.”
Unrelenting demand for real estate across BC is pulling home listings inventory to an eight-year low, according to British Columbia Real Estate Association (BCREA) figures released October 14.
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