July 2, 2022

Why Consider Fraser Valley Real Estate

3 min read
consider fraser valley

MacDonald Highlands is a luxurious guard-gated community located in Henderson, Nevada. This affluent neighbourhood features estate homes and luxury condos with incredible views of the Las Vegas Strip and the Red Rock Canyon National Conservation Area. The amenities at MacDonald Highlands are top-notch, including a world-class golf course, a state-of-the-art fitness centre, and an elegant clubhouse. If you’re looking for high-end real estate in an exclusive setting, MacDonald Highlands is definitely worth considering!

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macDonald Highlands is a luxurious guard-gated community located in Henderson, Nevada. 

Third consecutive month of increased housing supply in the Fraser Valley

The benchmark price for an Real estate in the Fraser Valley apartment or condo has climbed by 7.1% since last month and by 36.3% since February 2021, now at $614,800.

The Benchmark price for an Real estate in the Fraser Valley single-family detached home rose 6.5 percent from last month and 43.6 percent from February 2021 to $1,670,800.

In October, sales of Fraser Valley real estate were the third highest on record.

Real Estate in Fraser Valley: What’s New?

It is possible that in the second half of 2021, the Fraser Valley real estate market would face “fading momentum” and “some cooling.” A decline in sales activity and a slowdown in price increase are expected to begin in the Fraser Valley and outside of the Metro Vancouver area after 15 months of record gains, including in May.

In May, home sales in the Fraser Valley increased by 267% on an annualized basis, according to the Fraser Valley Real Estate Board. For the month of May, this was a new high and the ninth straight month of advances. The number of home sales fell 2% month-to-month.

Limited supply and strong demand have plagued real estate markets across Canada, including the Fraser Valley in British Columbia, over the past few years.

Fraser Valley’s new residential listings increased 78% year-over-year to 3,926, while the region’s active listings fell 9% to 5,868. 14 days was the average length of time it took to sell a single-family home. There were 12 days for townhomes to sell and 20 days for apartments to sell.

Across British Columbia, the Vancouver Real Estate Fire has spread

The housing market in British Columbia is seeing unprecedented growth. Significantly increasing demand is being met by decreasing supply in many of these locations. What’s the source of the demand? Vancouver.

Since Metro Vancouver properties have become too expensive or young families no longer want to live in an overcrowded city, buyers from out of province are turning to the province’s real estate market to find a place to call home (instead craving the larger living space found in suburban and rural properties). Regardless of the cause, more and more families are looking outside of Vancouver and the Greater Vancouver area to buy a property. For Canadians hoping to make their dreams of homeownership a reality, the entire British Columbia real estate market has become an intriguing alternative.

This year, the Fraser Valley housing market has broken a century-old record

In recent years, the Fraser Valley real estate market has been one of the most active in British Columbia. In reality, did Abbotsford and Chilliwack break a record set a century ago? The frenzied property market in this western region and across Canada serves as a reminder of just how hot things have gotten in the country’s housing sector.

The Lower Mainland and the North Coast of British Columbia have both seen sales soar and prices soar. Because of low supply and low borrowing costs, this real estate market is strong. Is it going to slow down at all? This is the topic of discussion among specialists from all over the country. As of today, real estate in the Fraser Valley is celebrating a milestone that may not be achieved for another century..

Let’s investigate further!

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