Consumer psychology plays a MASSIVE role when it comes to buying and selling residential real estate. Much like the stock market, when the market starts to dip, buyers tend to shy away, yet when the market is heating up, FOMO pushes buyers into the market in droves.
In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses how time in the market will always beat timing the market and the importance of buying real estate when it makes sense and the time is right for you.
Benchmark Prices: (Surrey Combined) (+/ yoy):
Detached = $1,646,900 (+8.0%)
Townhomes = $886,300 (+7.0%)
Condos = $548,600 (+3.7%)
#SurreyRealtor #SurreyRealEstate #FVREBStats
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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.