August Real Estate Stats for Mission, BC are IN!

Fraser Valley Homes Sales

Well, it was a record-breaking August for real estate sales for the Fraser Valley in general—much of that was due to the high demand for attached homes. Many people are looking for affordability when it comes to purchasing their next home, and townhouses and apartments were snapped up over the summer.

The number of properties on the market in the Fraser Valley, the average price, and the sales are all at an all-time high compared to previous years.

In most areas of the Fraser Valley, attached homes continued to draw the most buyers, and if you are looking to sell your townhome, apartment or condominium, NOW is the time, according to statistics from the Fraser Valley Real Estate Board.

In the Fraser Valley, 470 townhouses and 548 apartments were sold out of 1,879 total properties. That means attached homes represented 54% of the market!

And the speed at which they are selling is astonishing. Attached homes sell almost twice as quickly as detached family homes throughout the Fraser Valley.

Mission, BC Home Sales

In Mission, BC, however, detached homes dominated the market, and this is likely due to the higher affordability and availability of detached homes and properties in this area, compared to the rest of the Fraser Valley and the Lower Mainland. After a short dip in property prices early in the summer, prices are seeing a steady increase again.

August # Home SALES (and Benchmark Price) for the Fraser Valley:

  • Detached 686 ($976,000)
  • Townhouses 470 ($491,900)
  • Apartments 548 ($349,300)

August # Home SALES (and Benchmark Price) for Mission, BC:

  • Detached 78 ($636,500)
  • Townhouses 7 ($392,500)
  • Apartments 2 ($273,200)

Why Mission, BC’s Real Estate Market is HOT

Mission, BC continues to be an area that attracts buyers from higher priced markets. On average, prices for detached and attached properties are lower than any other market in the Fraser Valley, so buyers will naturally be drawn here to check out what’s available.

It’s a family friendly district here in Mission, BC offering indoor and outdoor amenities for every activity and interest. The access to highways and the West Coast Express make it a highly sought after area for people commuting to work in Vancouver.

Mission, BC is a very desirable place to live and I receive referrals and inquiries about properties from all over BC and Canada.

The median days on the market in the past month for any property in Mission, BC has been about 18 days.

The amount of inventory on the market in Mission has recently seen an increase, but the number of sales is slightly decreasing, which could mean a buyer’s market out there. To stay informed and on top of the real estate market, talk to your REALTOR®.

If you are ready to put your home on the market, check out my 10 STEP GUIDE TO SELLING YOUR HOME.

If you are searching for your dream home, read my 10 STEP GUIDE TO BUYING YOUR NEXT HOME.

CONTACT ME if you have ANY questions about buying or selling your home in Mission, BC! My team and I are here to help.

By | 2017-09-21T10:50:01+00:00 September 21st, 2017|All Entries|Comments Off on August Real Estate Stats for Mission, BC are IN!