Introduction
As the holiday season approaches, the Fraser Valley real estate market is experiencing a prolonged cooling trend, with home sales falling for the fifth consecutive month. The Fraser Valley Real Estate Board reports a decline in bo...
A Market Breather
In August 2023, the Fraser Valley real estate market trends took a breather due to a mix of seasonal trends and the anticipation of rate changes. Let's simplify the numbers and explore what this means for buyers and sellers.
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The benchmark price for single-family homes in Kelowna has dipped below $1 million, marking a significant 13.3% drop since April 2022. The Association of Interior Realtors (AIR) reported a 3.5% monthly decrease, bringing the benchmark...