Fraser Valley Real Estate Market Going Strong

August was the second record month for real estate sales processed on MLS in the Fraser Valley, second only to August 2005. Both sales and prices were higher than expected by Realtors. There were 4% more sales processed that August of last year. The number of new listings was 7% higher compared to August 2006. The price of single family home increased 8.9% to $526879 in one year. Average price of townhomes also increased from $294887 to $320930 a jump of 8.8%. Average apartment price jumped 12.5 percent i the Fraser Valley, from $193451 to $217683. Abbotsford is one of the strongest markets in the Fraser Valley as it is enjoying the healthy growth in the all sectors of real estate market.