To give you an idea of how the market is behaving today. I was representing a lender/bank for a home foreclosure in Abbotsford. The home was priced at $299,000. We had an accepted offer of $288,000 that went to court for the judges approval. At court, there were EIGHTEEN additional offers with multiple being over $350,000. It sold for $356,100 or 124% of the list price. The assessed and appraised values of the home were both at $300,000.
I think it might be a sellers market…maybe.
Here is the MLS of that listing:3010-Foreclosure-Sale