VREP #526 | Fraser Valley Prices Are Down over $300,000 and Still Falling with Steve Karrasch

The Fraser Valley benchmark price has fallen from nearly $1.2 million at the 2022 peak to $869,000 & Surrey Realtor Steve Karrasch says the declines are speeding up - not slowing down. Steve sits down with Adam & Matt this week to walk through a market that is bucking the stabilizing national trend: where court-ordered sales are setting the price, landlords are selling rather than re-renting, and a detached house can now be had for what a two-bedroom condo cost three years ago. From the boom-and-bust history of Surrey City Centre to the multiplexes going up with no buyers in sight, this conversation gets into where the Valley is headed and what sellers need to hear before listing this fall. Why does Langley still see multiple offers while much of Surrey sits? How far away is the bottom? And why is Steve still hopeful? Don't miss this one!