Helping direct you into a safe landing is what I do! Your rewards will follow! With markets heating up it is important as usual to buy into a new market rather than an established one. By that I mean- why wait till prices have set a new precedent- act now and get ahead of this!

Highlights of the April Market Report

• We are now in a seller’s market across Greater Vancouver

• Multiple offers are being seen as buyers roar back

• Buyers must brace for higher new home prices in ‘24

• Greater Vancouver sales are up 166% since the start of the year

• Fraser Valley detached house prices are up $60,000 since January

Total April housing sales across Greater Vancouver hit 2,741 transactions, up from 2,535 in March and a 166% increase from January 2023 and the highest monthly level since May 2022. Benchmark home prices so far this year are up 5%. Based on the current benchmark, that is an increase of nearly $60,000, and prices are still rising by 2.4% a month.

In the Fraser Valley, April sales totalled 1,554 homes, even with a month earlier and up 148% from January of this year. The benchmark detached house price is up $100,000 compared to January and the typical condo sold in April at $503,700, up $30,000 from the start of the year.

A sellers market is continuing to become the norm again so if your considering selling now is and excellent time to get the attention of the buyers in the market already on the hunt!