Spring Market 2012

Fraser Valley - The year's first warm spell triggered an increase in new listings and kept sales steady in May. Sales increased 13% over April, on par with May 2011. New listings increased 5% over April, 8% more new listings than May 2011. Sales to listings ratio stayed at 14-15%, meaning for every 100 listings available for purchase, 15 sold.

“It’s a healthy, competitive market. It gives buyers excellent selection and the time to negotiate, but not too much time. The average number of days to sell a detached home or a townhome is still only a month and a half and for condos a little over two months, which is why we’re seeing benchmark prices in most communities holding steady.” - Scott Olsen, President of the Fraser Valley Real Estate Board.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.