Welcome to the April 2023 Fraser Valley Presale Pulse episode, a real estate show brought to you by hosts Ryan Lalonde and Brittany Reimer. Watch the video to understand the latest macroeconomics, pre-sale, and resale trends over the last 30 days affecting the local real estate market across the Fraser Valley. In this month's episode of the Pre-Sale Pulse:
A RETURN OF INVESTORS IN THE VALLEY?
The return of investor interest in the Fraser Valley market could be a sign that investors believe the market is near the bottom and may be primed for a price appreciation run-up similar to what was seen in the past. The Redekop Faye program has been successful in the market due to its affordable pricing, appropriate product for the market, and location that appeals to young couples and first-time homebuyers. Despite a recent slowdown in investor activity in the region, it has also generated investor interest.
STAGNANT SUPPLY AND STRONG DEMAND DRIVE UP PRICING, PLACING MARKET IN A SELLER'S TERRITORY
Despite economic uncertainty and elevated interest rates, resales have substantially increased, indicating robust buyer activity. However, a stagnant supply of listings and historically low inventory levels are leading to a seller's market, especially in the townhome sector, which is driving up pricing. The increase in the sales-to-listings ratio, especially in the townhome sector, is driving up pricing, which is a reflection of the strong demand and stagnant supply in the current market. The overall sentiment in the market and consumer confidence is critical to the industry, and the building momentum in 2023 is encouraging.
PRE-SALE PROJECTS COVERED IN THIS EPISODE
LINKS MENTIONED IN THIS EPISODE:
MLA Canada | Real Estate Intelligent
100-856 Homer St., Vancouver BC
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