Metro Van Housing Sales Slow Down- Housing Prices Still High.

Price Tags

house1As reported in Business In Vancouver by Patrick Blennerhasset, despite what you are hearing about housing sales slowing, prices being asked for houses in the region are not dropping. February sales were 41% less than in February 2016.  However statistics gathered across the region show that “while home sales and listings have returned to their 10-year average, prices across the region remain high in the wake of 2016’s record-breaking year, according to new Fraser Valley Real Estate Board (FVREB) statistics.”

Townhomes and apartments also experienced marginal price increases, with one realtor stating that buyers were now turning to these housing forms. Townhomes and apartments have had a substantial increase in benchmark pricing compared to last year. People are also being a bit more cautious putting their housing on the market with new listings dropping nearly 48% from February 2016.

Realtor Daren Germyn stated “Depending on what area in…

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