As the Summer comes to an end ( which I dread to say ) its good and bad. One we know that Summer vacations are near the end. and two school is back in session.
This doesn’t just mean for the kids but also for Sellers and Buyers and everyone that has been away is coming back to a changing market.
Changing market…. what does that mean???????
Inventory has grown more and more since the start of Summer on a constant basis. townhouses and apartments / condos still hold strong as they control 53% of the overall sales.
HPI® Benchmark Price Activity Fraser Valley
- Single Family Detached: At $1,017,400, the Benchmark price for a single family detached home in the Fraser Valley decreased 0.1 per cent compared to June 2018 and increased 5.3 per cent compared to July 2017.
- Townhomes: At $557,500, the Benchmark price for a townhome in the Fraser Valley in the Fraser Valley decreased 0.1 per cent compared to June 2018 and increased 14.7 per cent compared to July 2017.
- Apartments: At $450,400, the Benchmark price for apartments/condos in the Fraser Valley decreased 0.7 per cent compared to June 2018 and increased 32 per cent compared to July 2017.
HPI Benchmark Price Activity Vancouver
In closing enjoy the rest of this Summer weather and get ready to get back to business in September. It’s all gloves off come September 1, 2018.
Thanks for reading.