Valley Acreage For Sale Price
The Fraser Valley Real Estate Board and the Real Estate Board of Greater Vancouver are participating boards in the MLS Reciprocity program. These listings are held by local real estate brokerage firms and include the name of the listing agent. The Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board assume no responsibility for the accuracy of the data and listings displayed on this website. Listing information is deemed reliable, but cannot be guaranteed.
To make the most of your investment in Fraser Valley acreage for sale, use real estate market data to your advantage. By learning about the Fraser Valley real estate market, you’ll be able to identify the best opportunities in the region. Remember that knowledge is power! Spend some time learning about the Fraser Valley real estate market and talking to a Realtor about their market analysis. They’ll be able to give you accurate information on the value of your Fraser Valley property.
The Fraser Valley real estate market continues to soften. Sales activity remains lower than the first quarter of the year, but is gradually returning to more balanced levels. The Fraser Valley Multiple Listing Service processed 1,281 real estate transactions in June, a decrease of five per cent from April and 43 per cent from June of last year. MLS(r) HPI Benchmark prices decreased over the past month. The Fraser Valley is not experiencing a severe housing market recession, but it is still a buyer’s market.
Fraser Valley Acreage For Sale Price
The quantity of deals in the Fraser Valley has kept on falling since the top in April. Notwithstanding, it is as yet the 6th most elevated April in the beyond a decade. Deals are still well better than expected, yet the new rebalancing of the market has caused a cooling pattern. The Fraser Valley Real Estate Board handled 1,639 deals during the main portion of 2022, a decline of 16.9% contrasted with that very month last year.
The Fraser Valley real estate market is booming, and buyers are aware of the imminent rate increase. In May 2022, single-family detached homes and townhomes in the Fraser Valley region sold for an average of $1,653,000. This was down three per cent from May 2022 and up a third from June 2021. Townhomes and apartments in the Fraser Valley were on the market for an average of 133 days.
A benchmark price for a single-family detached home in the Fraser Valley was $1,726,900. That represents a 39 percent increase over March 2021. In March 2021, detached homes stayed on the market for an average of 12 days. Fraser Valley realtors sold 2,580 properties in March, compared to 2,329 in March 2021. The Fraser Valley real estate market is likely to continue to rise.