This past week the Fraser Valley Real Estate Board (FVREB) release their September Statistics for the housing market in that region. September saw the largest increase in property sales this year to date, year-over-year.
Below are some key findings from the report:
- FVREB processed 1,131 sales this month, a 32% increase from September 2012
- The Board received 2,375 new listings in September
- The benchmark price for single family detached homes: $552,900, for townhouses: $296,200 and for apartments: $203,100
The President of the FVREB, Rod Todson states, “An improvement in our sales in the Fraser Valley has not translated to an increase in home prices because inventory levels have either kept pace or depending on the property type and community are elevated.”
The report shows a marked improvement over last year’s historical lows.
For more information and details on the FVREB September Statistics report click here.
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