I was recently asked by The Vancouver Sun to contribute to their article on the recent trends in the Fraser Valley, particularly in Abbotsford. You may have heard a follow-up interview on CKNW Radio. The snippet below was what The Vancouver Sun took from our interview and provides some interesting insight into the detached market not just in Abbotsford but across the Lower Mainland and Fraser Valley:
“David Smith from Royal LePage Wolstencroft in Langley said that in the last seven days, for the five detached home sales in Abbotsford registered with the MLS listing service, there was a $205,100 difference between the median list price of $899,900 and the median sale price of $1,105,000.
“This is being generated by multiple offers. Some are getting 20 offers,” he said.”
Read the full article here.