The above numbers show the latest statistics from the Real Estate sales in the Fraser Valley for detached homes. As is evident in the above numbers, there are a number of markets that have experienced a fair amount of recovery in June of 09 as compared to the previous 12 months.
The largest recovery was experienced by White Rock/South Surrey (6.5% increase in sales over May of 2009); however, this segment also experienced the smallest decline (5.2%) over the previous year. The only two market segments that are still experiencing sale declines are Surrey (-0.3% from May 2009 to June 2009) and Mission (-2.6% from May 2009 to June 2009).
This increase in sales is a promising light at the end of a year long downward tunnel that Real Estate Sales have experienced in Greater Vancouver and the Fraser Valley. Much of the increase in sales can be attributed to low interest rates, a slight rebound in the stock market, and a lack of product on the market.
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