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Fraser Valley housing market slows down in 2018

While 2018 may not have reached the level of sales activity seen during the three years prior to it, this was by no means a dull year for the Fraser Valley real estate market.

The MLS® processed a total of 15,586 sales throughout the year, just below the 10-year average for the Board set at 16,974 and producing a total dollar volume of $11.8 billion (the fourth highest in our Board’s history).
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Inventory Report

Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes. Below is our quick charts for instant feedback on the local Abbotsford, Mission & Chilliwack markets. For other areas please call me directly. 

Abbotsford, Mission & Chilliwack Housing Inventory can dictate market prices, here is a quick guide on how to read the charts below. Each city has three types of properties we monitor: Condos, Strata Townhouses, Detached Homes

  • Less than 4 months is a seller’s market generally.
  • 5-7 months inventory is considered a balanced market.
  • 8 months & above would be a Buyer’s market.
  • Less than 13% is a Buyer’s opportunity.
  • 14% – 22% of sales to listings per month is considered a balanced market.
  • 23% and above is a very active Seller’s market and may put upward pressure on price

In summary we will provide these market reports at the beginning of each month. Thanks for following our blog the Insider. Homelife Glenayre Realty Co Ltd.

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REALTORS Care® Blanket Drive

24th Annual
REALTORS Care® Blanket Drive
November 13 to 20, 2018

Since it started 24 years ago, the Blanket Drive has helped more than 345,000 people in our communities stay warm and dry. Last year alone, more than 38,000 people received a blanket, coat, or other donation from the Blanket Drive.

Here’s how you can help
Between November 13 and 20, REALTOR® volunteers will collect warm clothing and blankets across the region. The donations are then distributed to partner charities from the same community where the item was donated.

Please donate the following items for all ages:

  • gently used or new blankets or sleeping bags
  • warm clothing, coats
  • hats, gloves, scarves
  • new socks and underwear
  • plastic ponchos, bivy sacks

Socks are especially important for the homeless. They’re as good as gold. Find out why by listening to this item from CBC radio, Sunday Edition: http://bit.ly/2k6t0tF

Drop off your donations at any of these Lower Mainland real estate office locations.

Thank you!