For those who’ve been waiting for the Fraser Valley Real Estate Market to calm down, good news! The market is becoming more stable and that’s good for everyone.
It’s been a long time coming but it appears that the Real Estate Market has finally reached it’s peak and the market is now going through a transition. Buyers and sellers can now expect to see the effects of this change over the course of the next few months.
Buyers
If you’ve been looking for your opportunity, this is it. The market is slowing down. There is still plenty of demand and not enough properties- so you can’t expect prices to go back to being as low as it was two years ago. But it means that activity and bidding is going to be less aggressive, the craze from last year is over and now you can take advantage of this by starting your search with more breathing room and assurance that prices and bidding won’t suddenly skyrocket.
Sellers
Here’s a reality check, the market’s already reached a peak and it looks like it’s going to calm down. You’ve missed the peak and you can’t expect your property to sell $50,000 or however-many dollars more than your neighbor with dozens of offers at your doorstep. But stable is good, because there is less uncertainty and we’re at a point where we haven’t gone too far from the height of selling activity yet. So if you’re looking to sell, make sure you take advantage of what might be your last chance in the market.
Conclusion
Whether or not the real estate market in the Fraser Valley area will continue to slow down is unknown, the current state of external affairs could still bring a sudden shift to the market. Get started with your real estate investing goals today and contact us here.
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