Just when I thought nothing could surprise me anymore, February hit the real estate market like a hammer.
This last month saw unbelievable activity with townhomes and single family homes shooting up faster than I've ever seen before. Just this last month or two homes are selling for anywhere from $50,000 to $200,000 more than they previously were, with large lots that have subdivision potential or homes with a basement suite being worth the most right now.
There are currently less listings on the market than there were homes sold this month which means the market conditions favor the seller more than any other time that I'm aware of.
Give me a call or text at 604-798-3960 if you ever have more questions about the market conditions.
Ben Truscott Real Estate Report - February 2021
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.