Chilliwack & Fraser Valley Real Estate
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Ben Truscott Real Estate Report - July 2020

Last months real estate market statistics:

Low inventory and increased sales are continuing to push prices up to near record highs with average detached homes climbing over 12% since July last year.

While the conditions are favoring sellers at the moment, there are still good opportunities for buyers out there, my best advice is to be as prepared as possible!

Talk to your mortgage broker or bank ahead of time to make sure they have everything prepared so you can be ready to write an offer right away when the right house is listed.

Give me a call or text at 604-798-3960 if you have any questions about market conditions!

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Ben Truscott Real Estate Report - June 2020
Looks like the real estate market is the only thing hot about this summer so far!
 
Massive 31% increases in sales compared to June last year, at the same time carrying a -17 to -30% decrease in active listings.
 
Seriously low supply, with a huge increase to demand is keeping us in a Seller's Market.
 
We're seeing similar conditions to when the market was at peak activity, with multiple offers, accepted offers on the first day on the market, above list price offers, etc.
 
With all this action, if things keep up at this rate, prices will continue to increase until things balance out.
 
My best advice to buyers is to be as prepared as possible! Make sure you are pre-qualified with your bank or mortgage broker so you can be ready to write an offer the moment your dream home is listed. If you wait even a day or two it might be gone!
 
Give me a call at 604-798-3960 if you ever have questions about buying or selling a home!
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