British Columbia's Fraser Valley Real Estate Stats for October 2009

Real Estate Agent with Serving Abbotsford, Chilliwack, and the Fraser Valley

I was sitting around yesterday and was going through some of the Fraser Valley Real Estate Stats for the month of October and I suddenly realized that I don't think I have ever posted the stats or drawn attention to some of the high lights of the month in Real Estate. 

I had lost sight that content is still king and there are lots of you out there that are interested in the information, so I thought I would bring the Fraser Valley Real Estate stats to you, I will do my best to high light some of the key notes, as well as attach a link for you to see the full stats package for the month.

All comparisons unless stated other wise are comparing to the same month (October) of last year to this year. Let's begin are quick and effective summary of the Fraser Valley Real Estate stats.

A noticeable change in sales activity has occurred to the tune of a 122% increase, which in anyone's book is staggering, and with a decrease in inventory by 25% we can already see signs of a move to a balanced market place. In other words everybody wins if you can believe that, although a balanced market typically doesn't last terribly long this is pointing at some level of stability before it either starts to climb again or make a correction. But with inventory on the decrease all signs seems to be pointing upward. With a rebound in price by about 4.7% we are back on the rise, even though it is quite slow and steady.

We still haven't recovered the totally amount of adjustment yet but it is only a matter of time before we rise back to where we where.

If you would like to see the full Fraser Valley Real Estate stats package you can get them free by clicking on Fraser Valley Real Estate Stats

I hope this has helped to summarize a bit of what is in the stats package and help you get some idea as to what is happening in the Fraser Valley Real Estate market place these days. 

The market is currently in a balanced market which means everyone wins, historically we know these markets don't last long it will continue to swing right through and keep progressing on it's path. With inventory dropping and sales increasing this means we starting to move in a direction of some recovery.

For more information or a more detailed explanation of what all this information means please contact me. I would love to hear your comments.



Comments (4)

Liz Moras Migic
Chilliwack, BC
Chilliwack, British Columbia - Realtor

Good for you Chris - I do think they're an important component -and I'm just working on my first series as well -it's not somethingI've been doing. Kudos!

Nov 10, 2009 04:37 AM
Chris Penner
Serving Abbotsford, Chilliwack, and the Fraser Valley - Abbotsford, BC
Real Estate Consultant - Keller Williams Valley Realty

Yeah I think we forget some times, we use the m in presentations and other things to make are business work properly but we tend to for get that they can be are biggest adovacte to help people understand that we don't make the market place we just interpret the data and do our best to help people. 

Plus we know people like stats, at least some of them. Have a great day Liz, miss you around here.



Nov 10, 2009 04:46 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Interesting stats report.    The city's rhythm has not been seen in rural / secondary home areas, quite yet.   Lack of inventory is also a feature, though.   I think fear of inflation is propelling sales, and it will continue.

Nov 10, 2009 05:06 AM
Chris Penner
Serving Abbotsford, Chilliwack, and the Fraser Valley - Abbotsford, BC
Real Estate Consultant - Keller Williams Valley Realty

yeah you are probably right Li, we will have to see where we end up I guess, looks to be a strong close to the year. I don't think Vancouver ever slowed down. ahaha. 



Nov 10, 2009 05:10 AM