November 2021 Fraser Valley Real Estate Stats

Happy December Folks !

Hope everyone is excited for the Holiday Season! This year I’ve asked Santa for a more balanced market but I’m pretty sure he’s giving me COAL !!!

Anyway, it was another HUGE month in November for Real Estate sales in the Fraser Valley!

It was the SECOND LOWEST month of inventory since 2005! With that – prices have continued to rise with valuations jumping an average of 1% to 3% last month alone!

For TOWNHOME BUYERS out there … we feel your pain! Last month marked 50+ OVER $1M Townhomes Sold in the Langley/Surrey areas!

For DETACHED HOMES the numbers landed with a 7% increase in sale prices in the Surrey area between October and November alone!

So what does all of this mean? Well, it’s still a seller’s market as we all know however, there are still LOADS of ways of taking advantage of this market if you already own your own home and are looking to sell! We’ve had clients who LOVE their home and NO PLANS on wanting to sell (why would they want to sell high just to buy high if they LOVE their home right?)…but these are the folks that we’ve been helping invest and leverage today’s interest rates and their equity to grow their investments and provide future passive income etc! Many of our clients have refinanced their home or taken out a HELOC (Home Equity Line of Credit) and used that to invest in properties or other businesses with great success!

Whether you’re SELLING, BUYING, or INVESTING…we got you covered! #CALLME 🙂

Until next time,

-Corbin

Happy December 🎅🏻 November 2021 Fraser Valley Market Stats are in

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