I hope everyone is continuing to stay safe while also getting to enjoy some of this beautiful sunshine we have been having! I have been keeping a very close eye on this unprecedented market and this is what I am seeing:
The Real Estate Board is processing a record number of new listings however they are also processing a record number of sales. This means that inventory is increasing substantially however demand remains unusually strong. The question is how long will this demand last? If we continue to see this increase in supply it will eventually outweigh the demand. Currently we are seeing that happening on a small scale. Prices from what I can see are starting to plateau, except in the condo market where I am just seeing sale prices start their rise (They are always last to see it).
As we get into the nicer months, we usually see more and more inventory coming to market, so it will be interesting to see what is to come in May/June. As always, I will keep everyone informed!
Take away: From a monetary perspective we do know one thing, there has never been a better time to sell!
If you have any questions about your home value or your market. Reach out to me anytime! – Garry
©2020 SnapStats Publishing Co. *All data sourced from the FVREB MLS®. Market Speed is based on the Sales-to-Active Listing ratio and the Fraser Valley Real Estate Board’s market types (ie Balanced Market 12 to 20%.) All data reported is Median and
represents Single Family Homes and Condo/Townhomes in the following areas: Surrey, South Surrey/White Rock, North Delta, Cloverdale, Langley, Abbotsford and Mission. Market Speed is best defined over several months. Refer to our YTD reports for
sustained periods of the Sales Ratio %. This communication is not intended to cause or induce breach of an existing agency agreement. More info at Snap-Stats.com.
Welcome to CALERA, one of the best locations in Clayton! This 2 bed, 2 bath condo has MANY great features, including a HUGE, partly covered, fenced patio. Feels like the ground floor with no downstairs neighbours but with all the security of being on the 2nd floor. Bright airy & open with 9ft ceilings, kitchen has stainless appliances and quartz counters, plenty of cabinet space & opens to living/dining room. Bonus office area with built in upper cabinets. Master suite with his & hers closets + good size 2nd bed with custom wood wall & 2nd full bath. Conveniently located on the same floor as the gym & rec room. Bring your fur babies, very pet friendly building & minutes to Clayton off leash dog. Ample street and visitor parking and an unbeatable location, walk to stores & restaurants!
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MORE INVENTORY FOR MARCH
The good news is, we are starting to see a shift in the number of homes that are being listed for sale. The Fraser Valley Real Estate Board received 5087 new listings which is a 56% more than February. Although this means there is more selection for buyers, it has not yet had the effect of slowing down price increases and we are still seeing homes sell for way over list price and in multiple offers.
For more information contact Garry Voigt – 604 789 2140 or firstname.lastname@example.org
411 6866 Nicholson Street – Welcome to Nicholson Green in Sunshine Hills! This 1906 sq ft 3 bed, 3 bath, 2 storey home feels nothing like a typical townhouse! Wide foyer with conveniently located powder leads through to large dining/living room with access to back patio. Adjacent, is even more living space with the great size family room & kitchen. Choose between 2 cozy gas fire-places. The large kitchen boasts tons of cabinets, ample quartz counter tops, updated pot lights & under cabinet lighting. The oversize laundry/storage room completes this floor. Upstairs you will find a huge master bedroom with updated ensuite with separate shower & tub + 2 additional large bedrooms & family bathroom. Bonus side by side garage. Walk to stores, restaurants, Cougar Canyon Elementary & Seaquam Secondary! Don’t wait on this one!
Offered at $699,900 Call or email garry Voigt for more information 604 789 2140, email@example.com
Welcome to UPTOWN, located in the very family friendly neighborhood of Clayton Heights. This 3 bed, 3 bath Townhome has a bright open plan feel on the main floor. Kitchen has SS appliances, quartz counters & large eat up island. Adjacent family room leads to sunny south facing deck & also has cozy fireplace & built in TV unit. Large living/dining room, with elegant chandelier & tucked away powder room complete the main floor. Upstairs are 3 spacious bedrooms including the master that easily fits a king size bed. Ensuite has oversized rain shower head and quartz counter and soaker tub in the family bath, below is a large tandem garage with tons of storage space, leading to your fully fenced south facing covered patio & grass area, perfect for kids & pets! WALK TO BRAND NEW MADDAUGH ELEMENTARY!
For More information contact Garry Voigt – firstname.lastname@example.org