I have listed a new property at 18224 32ND AVE in Surrey.
Rare 4.64 ACRES landscaped with stunning man-made fishing pond, winding driveway, and just 10 minutes away from The Shops at Morgan Crossing, White Rock, and the Canada/US border. Beautifully maintained premium plastic white fence guides your fully-lit winding pathway to your 2,185 sqft rancher overlooking idyllic paradise-like setting. Breathtaking setting is the epitome of Beautiful BC. Move-in ready, yet ideal for building your dream home! You MUST see this property to believe!
Am I allowed to say it yet? Well, considering that the Fraser Valley Real Estate Board has admitted that for the second month in a row, sales have hit historical lows, there is no way to ignore it. This is officially a strong buyers market throughout the Fraser Valley. It is interesting the townhomes and apartments are actually trending up, but it is the more expensive single family detached homes that are driving the market downward.
While prices are up in most communities, the numbers show exactly what I have been finding - buyers are out there, but they are hesitant. Properties are taking longer to sell and buyers are starting to look for deals: they know they are in the drivers seat. Sellers are still hesitant to drop prices, but the ones who do are the ones that are selling.
The market cycle is what it is. We are smack in the lag time between when buyers stop buying, forcing a high inventory count and when the prices start correcting. Is this speculation, sure? But it is also common sense. Those in communities that have been already hit and/or never really recovered since 2008 (ie. Abbotsford, Chilliwack) will likely see less impact than those who have held on to strong home sales from 2010-2012 (ie. Langley, Cloverdale).
Granted, September is not a traditionally strong sales month, but there is no way to paint a rosy picture. If you are looking to sell, it might be a good time to give me a call and beat what's left of the higher prices. If you are looking to buy, it is crucial that you have a buyers agent with a strong background in aggressive negotiation to make sure that you take advantage of the buyers market, meanwhile not succumbing to some overpriced properties.
As always, buy when you need to, sell when you need to. If you sell in a hot market, you are likely buying in the hot market. If you sell in a poor market, you are buying in a poor market. It is these transitionary times that it is crucial to have great representation. Buyers shouldn't fear the market, take advantage of it while we still have incredible mortgage rates.
ABBOTSFORD (Detached homes)
CLOVERDALE (Detached homes)
LANGLEY (Detached homes)
SURREY CENTRAL (Detached homes)
WHITE ROCK/SOUTH SURREY (Detached homes)
For any additional municipalities or property types, please contact me directly. 604-530-4111 or email email@example.com
Categories: Abbotsford | Abbotsford East, Abbotsford Real Estate | Abbotsford West, Abbotsford Real Estate | accepted offer | advertising | affordability | Agassiz, Agassiz Real Estate | agency | Aldergrove | Aldergrove Langley, Langley Real Estate | amortization | autism | backup offer | Bedford Landing | Bradner, Abbotsford Real Estate | Brookswood Langley, Langley Real Estate | Burke Mountain, Coquitlam Real Estate | buyers | buyers market | buying | Canyon Springs, Coquitlam Real Estate | Cedar Hills, North Surrey Real Estate | Central Abbotsford, Abbotsford Real Estate | Chilliwack E Young-Yale, Chilliwack Real Estate | Chilliwack Mountain, Chilliwack Real Estate | Chilliwack W Young-Well, Chilliwack Real Estate | Clayton, Cloverdale Real Estate | Cloverdale | Cloverdale BC, Cloverdale Real Estate | CMHC | completion | contract of purchase and sale | contracts | conveyancing | debt | Downtown VW, Vancouver West Real Estate | East Newton, Surrey Real Estate | Eastern Hillsides, Chilliwack Real Estate | education | Elgin Chantrell, South Surrey White Rock Real Estate | finances | for sale by owner | Fort Langley | Fort Langley, Langley Real Estate | Fraser Heights, North Surrey Real Estate | Fraser Valley | Fraserview VE, Vancouver East Real Estate | fundraiser | government | Grandview Surrey, South Surrey White Rock Real Estate | gross debt service ratio | Guildford, North Surrey Real Estate | Hazelmere, South Surrey White Rock Real Estate | home evaluation | investing | June 2012 | King George Corridor, South Surrey White Rock Real Estate | Langley | Langley City, Langley Real Estate | loan-to-value | market analysis | market update | marketing | markets | MLS | mortgage rates | mortgages | Murrayville, Langley Real Estate | negotiations | open house | Parkinsons | Port Kells, North Surrey Real Estate | Promontory, Sardis Real Estate | qualifying buyers | real estate cycle | real estate history | renting | revocation | Royal Heights, North Surrey Real Estate | rules & regulations | sales-to-listing ratio | Salmon River, Langley Real Estate | Sardis East Vedder Rd, Sardis Real Estate | schedule A | sellers | sellers market | selling | Simon Fraser Univer., Burnaby North Real Estate | speculation | statistics | Sullivan Station, Surrey Real Estate | Sunshine Hills Woods, N. Delta Real Estate | Surrey | Vancouver | Walnut Grove, Langley Real Estate | Whalley, North Surrey Real Estate | White Rock | White Rock, South Surrey White Rock Real Estate | Willoughby Heights, Langley Real Estate