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For buyers looking at attached properties, only the West Vancouver and Downtown areas fall within the balanced market range, while all other areas are considered to be sellers' markets. Notably, the Ladner area has a particularly high seller's market percentage of 56%.

This is a significant deviation from the situation in January, when four communities in the Metro Vancouver area were buyers' markets ten were balanced, and four were sellers'.

As for detached properties, seven areas are currently sellers' markets, while the rest are balanced, with the exception of West Vancouver, which is a buyers' market.

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From January to February all communities in the Fraser Valley showed increases in sellers market territory. Cloverdale in particular had a selling rate of 56% 
 
Compare that to the December to January stats, where Abbotsford was the only community that did not see a significate decrease in the home selling rate for attached properties.
 
Overall, these fluctuations in the Real Estate market from area to area and month to month, demonstrate the importance of staying up-to-date on market trends and statistics to make informed decisions when buying or selling a property.
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While the market may appear balanced overall, the limited selection of quality listings has led to a situation where some buyers are unexpectedly faced with multiple competitors bidding for the same property.
 
 
 
 
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