Real estate sales dropped to their lowest level in the Fraser Valley this year as home prices continued to drop last month.
According to figures released by the Fraser Valley Real Estate Board Wednesday, sales were down by 39 per cent compared to August 2017.
Detached home sales continued to make up more than 50 per cent of all houses sold.
Benchmark prices for a detached home declined to $1,008,700, a 0.9-per-cent decrease compared to July and a 2.9-per-cent increase compared to last year.
Benchmark prices for townhouses fell to $548,300. That’s down 1.7 per cent since last month, but up 11.5 per cent compared to last August.
Finally, benchmark apartment prices fell by 1.6 per cent to $443,200 compared to last month, but rose by 26.9 per cent since last year.
Across all homes, north Surrey saw the biggest hike in prices compared to last August, climbing 21.6 per cent to $808,400.
The smallest shift was in south Surrey and White Rock, where prices stayed at $997,800 – identical to August 2017.
Mission saw the biggest hike in benchmark apartment prices, with a 37.8-per-cent uptick to $337,200, despite remaining the cheapest condos outside of Abbotsford.
Next up: Eighth-ranked Netherlands on Thursday to decide who tops Group E
Former Lion Andrew Harris leads Winnipeg with 148 rushing yards
Still no closure for Ramona Wilson’s family 25 years later
Anglea Minthorn spent nearly two months in jail in 2017 for owing about $1,000
Students using the provincial tuition waiver program will soon be able to form a community at KPU
Woman said she was told it was removed from her front yard because of a complaint