bcbgboy13 wrote: ↑No "official news release" from Fraser Valley REB but the official statistic is here:
Pay attention to the pages with 3 and 5 year YOY performance!
- 799 sales
- $471,769 average
- 617 sales
- $438,751 average
That's a huge blow to the Fraser Valley Market.
And ouch @ 5 year performance. Detached in Abbotsford -7.5%, and Mission -11.2%. So if you factor in inflation over those 5 years, anyone who bought in 2008 is in rough shape. Even the "top performing" areas, like White Rock and North Delta are worse than inflation. Condos are even worse. Every single condo is down on 5 year.