February Real Estate News!

Love is in the air! 
Home love that is! The spring housing market unofficially will begin next month and if you are planning to sell your home, now is the time to start giving your home a little love. A clean, tidy and well cared for home will not only be appealing to buyers but also help to get the best price. 
 The February edition of my newsletter includes: 
  • Fraser Valley Home Sales Stats for January
  • Article: 2020's Hottest Paint Colors: Which is Your Favorite? 
  • Recent Sales
  • Featured Listings
  • Community Events
Happy Reading! 
Derrick Sims 
Real Estate Advisor with
RE/MAX Colonial Pacific Realty 
Real Estate Market Report 
Fraser Valley Statistics for January 2020
Fraser Valley January home sales typical; new listings laggingSURREY, BC – January’s property sales in the Fraser Valley came in 6 per cent above the 10-year average for the month, while new listings finished 11 per cent below historical norms.The Fraser Valley Real Estate Board processed 974 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 21.9 per cent decrease compared to sales in December 2019, and a 24.2 per cent increase compared to the 784 sales in January of last year.Of the 974 total MLS® sales of residential and commercial combined in the Fraser Valley, 363 were single family detached homes, 241 were townhouses, and 248 were apartments.“Considering our record-shattering snow and cold, the pace of home sales remained surprisingly balanced in January,” said Darin Germyn, President of the Board. “Sales in our region have steadily improved since July of last year and January’s numbers remained consistent with that trend.”

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*Benchmark price is defined as the price of a typical home in a given area.

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