Fraser Valley Home Sales Up Nearly 50% in April! 

(May 06, 2016 )

It's "four for four" with each month of 2016 so far breaking sales records, as real estate transaction totals and prices in the region continue to rise, says real estate board -

Port Mann bridge at night with Baker in background
The Fraser Valley’s real estate sales were the highest for any April on record, up 47.8 per cent over the same month last year, according to a Fraser Valley Real Estate Board (FVREB) report released May 3.This total number (including residential, industrial and commercial) was a drop of 1.2 per cent compared with record-setting March figures released last month, said the board.However, looking at residential sales only, April’s transactions were up 49.2 per cent year over year and up very slightly, 0.3 per cent, just seven units more than in March.Charles Wiebe, president of the board, said, “Fierce demand continues to put a strain on both inventory levels and buyers looking to purchase within the Valley.”Total active home listings at the end of April were once more down year over year, by 35.7 per cent. However, the number of new homes listed for sale rose nearly 26 per cent year over year. See more  - click here