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Advantage Buyers… In Fraser Valley’s Housing Market Below average home sales combined with a regular influx of new listings continue to give buyers the upper hand in communities south of the Fraser River, including Mission. However, There is action when the property is competitively priced. It is not a quiet market. Priced‐right properties are selling thanks to the continuation of low interest Rates. What’s happening is that there is a large amount of inventory available in the Fraser Valley, in particular with condos and townhomes, and that’s what’s holding prices in check. The Fraser Valley Real Estate Board processed 1,139 sales in October on its Multiple Listing Service, an increase of 12 per cent compared to the 1,014 sales during the same month last year and a decrease of 2 per cent compared to 1,165 sales in September. In terms of listings, the board posted 2,511 new properties in October, an increase of 18 per cent compared to October of last year and a decrease of 5 per cent compared to September. The number of active listings in the Fraser Valley dipped in October, going from 10,096 in September to 10,005. The good news for sellers is that although inventory is high, it’s not near record highs and sales remain steady. This is why the overall benchmark price for residential properties has remained unchanged for six months. The benchmark price (the price of homes with characteristics typical to that area) of a single family detached home in the Fraser Valley in October was $530,335, an increase of 4.9 per cent compared to $505,759 in October 2010 and on par with the price in September. For townhouses, the benchmark price in October was $325,482, an increase of 2 per cent compared to the same month last year when it was $319,058 and down 0.6 per cent compared to September. The benchmark price of apartments in October was $243,725, an increase of 1.3 per cent compared to October 2010 and on par with the price in September. The average number of days to sell a Fraser Valley home varies depending on the property type. Sidhu says the average of 45 days to sell a single family detached home has been constant for three months. In October, townhomes took on average 55 days to sell and apartments 75 days.

Landmark Realty 32386 Fletcher Avenue, Mission B.C. V2V 5T1

Not intended to breach any existing agency contract.


Scan the QR Code with your smartphone or go to irenekluska.com New, reduced or sold, you'll find it here.

It’s Not Your Granma's Farmhouse! Incredible country living, on 7.84 productive flat acres, all newly renovated 3-4 bedroom home, mahogany cabinets, teak floors, crown moldings, granite & stone. Includes a kennel, detached garage/shop, and Barn, all just 8 min to Mission centre

Private Yard 3 bdrm park like yard on a protected greenbelt, right in town! Oak , tile, and cork flooring. Skylights illuminate a stunning fir kitchen with stainless appliances, granite counters. alarm & Viessmann heating/AC system, attached workshop.

White Avenue Incredible opportunity to own 19.23 Sub dividable Acres, view the neighborhood of high end custom homes, gentle rolling landscapes, pristine views and all only 10 minutes to Mission City Centre, mainly cleared and waiting for your plans

A Lot of Liveability 3 bedroom, 2 bath home in a family friendly neighborhood close to schools and shopping with a roomy fenced back yard, alley access, and storage shed. New windows, laminate flooring, bath, water heater, storage shed and more

Turn The Key & Go! Rockridge Estates, Gated, private, secure community. Features a big Master bedroom on the main, bonus room, large kitchen with windows that look out to the stunning back yard, and covered back patio surrounded by green belt. Hardyboard and stone.

Jasper Avenue View of Mt. Baker on a 1/4 acre + lot.! Located in desirable Hatzic Bench. This 3 bedroom rancher with basement is close to walking trails, elementary and high schools, Large fully usable yard.

Acres On Richards Road Amazing views of Mt Baker on this building lot, in an area of high end homes, Missions most desirable areas. Bordered by a treed greenbelt, it's primed and ready for your dream-home. Two lots available. Call Irene for more information

Amber Lea Townhouse Spotless, 3 bedroom, 3 bathroom End Unit, with double garage and lots of convenient parking. Features an ensuite, large walk in closet, new laminate and tile floors.

The Home Of Your Dreams Ready to build! Rare property zoned RS2A, can be used as an organic hobby farm, or horses, just to name a few. it's ready to build, just bring your plans. Privacy and space just 10 min to town.

Million Dollar View Silverdale, Rarely available spectacular mountain, valley and city scenes. Built for total privacy this well maintained 5 bedroom home, with a fabulous 1 bedroom suite on 4.7 acres in Silverdale 10 minutes to Maple Ridge 10minutes to Mission city center .

Down By The Lake Beautifully designed rancher with high peaked roof lines and vaulted ceilings. Elegantly landscaped and easy to maintain on a large lot. Solarium for year round enjoyment.

Corner Lot, Rancher Three bedroom rancher, with detached storage on a corner lot. Family neighbourhood and perfect for a first time Buyer.

Cedarbrooke Estates What a Town home! This 3 bedroom, 3 bathroom home, with a large rec room down has so much to offer. A fenced backyard, lots of storage and all in a family friendly neighbourhood, centrally located close to schools, shopping and more.

Irene has proven to be an extremely hard working Realtor, and in these tough times that is essential. She got us a full price sale on our home and we will continue to use her in the future as well. Ryan & Bonnie, Mission B.C.


November Valley Home 2011