🏡 JUST LISTED IN MISSION! Beautifully renovated rancher on 1.7 acres with a huge 2378 sq ft shop!!🏡

📍 9460 Stave Lake Street – Mission

🛌 3 bed

🛀 2 Bath

🌳1.7 tranquil acres

🚗 Tons of parking

📐 1868 sq ft house

🚜 2378 sq ft shop

🌟 Offered at $1,980,800

HOUSE WITH DREAM 40X60 SHOP AND RENOVATED RANCHER! This gorgeous 3 bed, 2 bath updated rancher home sits on 1.7 fully fenced tranquil acres with plenty of space for all the toys! This home features a massive living & family room both w/gas fireplaces & a big covered patio off the family room for entertaining. The kitchen boasts plenty of quartz counter space, shaker style soft close cabinets & S/S appliances. Large primary bedroom with two closets & En suite with soaker tub, 2 more good sized bedrooms & family bathroom. Great lot with plenty of space for all your needs! HUGE 2378 SQ FT SHOP with two 12’ & two 14’ doors, LED lighting & huge gas heater is what makes this property! Bring your cars, toys & create your dream workshop! Properties with shops like this don’t come to market often!

Seasonality, interest rates temper sales in the Fraser Valley

SURREY, BC – After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle.

The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing Service® (MLS®), a decrease of 29.3 per cent below June, but still 37.8 per cent above July 2022.

July new listings, at 2,855, were also down by 16.6 per cent compared to last month but 19.7 per cent higher than July 2022 levels, and virtually on par with the ten-year average. Active listings continued to climb, increasing by 4.3 per cent over June, bringing the total inventory available for sale in the region to 6,199.

“Summer is typically a slower period for the real estate sector and the higher interest rates are contributing to the market slowdown,” said Narinder Bains, Chair of the Fraser Valley Real Estate Board. “We’re seeing less traffic and fewer multiple offers as buyers and sellers put a pause on decisions and we expect this trend to continue until the fall cycle.”

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,543,300 the Benchmark price for an FVREB single-family detached home increased 1.1 per cent compared to June 2023 and decreased 3.1 per cent compared to July 2022.

Townhomes: At $850,300, the Benchmark price for an FVREB townhome increased 0.6 per cent compared to June 2023 and decreased 2.7 per cent compared to July 2022.

Apartments: At $555,500, the Benchmark price for an FVREB apartment/condo increased 0.6 per cent compared to June 2023 and increased 0.8 per cent compared to July 2022.