Fraser Valley Market Report Infographics

Monday, November 11, 2019 6:12:12 PM UTC
INFOGRAPHICS: October 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: October 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

And just like that, it seems we’re already nearing the end of 2019! As we dive into the cold season, here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

In their latest statistics report, FVREB reports a solid rebound for the Fraser Valley market, and they are reporting that the demand for Fraser Valley real estate is the strongest it’s been since the spring of 2018.

FVREB processed 1,592 sales of all property types on its Multiple Listing Service® (MLS®) in October, a 18.5% increase compared to sales in September 2019, and a 37.8% increase compared to the 1,155 sales in October of last year.

There were 7,398 active listings available in the Fraser Valley at the end of October, a decrease of 4.5% compared to October of last year and a decrease...

Read Full Article...
INFOGRAPHICS: September 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: September 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

As the weather cools down, the FVREB market is warming up! Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in their most recent market report, FVREB has announced that property sales in Fraser Valley have recovered, bringing the market into balance.

For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages.

The Fraser Valley Real Estate Board processed 1,343 sales of all property types on its Multiple Listing Service® (MLS®) in September, a 3.5% increase compared to sales in August 2019, and a 29.8% increase compared to the 1,035 sales in September of last year.

There were 7,946 active listings available in the Fraser Valley at the end of September, an increase...

Read Full Article...
INFOGRAPHICS: August 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: August 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

We’re diving into the Fall season pretty fast, and things are looking good for Fraser Valley. Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in their latest market update, the Fraser Valley housing market continues to stabilize as sales pick up compared to last year.

For the second month in a row, home sales in the Fraser Valley surpassed 2018 levels bringing the market closer to historical norms.

The FVREB processed 1,297 sales of all property types on its Multiple Listing Service® (MLS®) in August, an 11% decrease compared to sales in July 2019, and a 12.3% increase compared to the 1,155 sales in August of last year.

There were 8,040 active listings available in the Fraser Valley at the end of August, an increase of 9.6% compared to August...

Read Full Article...
INFOGRAPHICS: July 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: July 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

FVREB is now entering the month of August, and it looks like things have been looking great! Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

According to their latest market update, Fraser Valley home sales rebound in July after a lackluster June. In their report, it is pointed out that there has been a noticeable lift in home sales and slight decrease in new listings bolstered the Fraser Valley housing market in July.

The Fraser Valley Real Estate Board processed 1,458 sales of all property types on its MLS in July, a 11.6% increase compared to sales in June 2019, and a 13% increase compared to the 1,290 sales in July of last year.

As noted by the Board’s President-Elect Chris Shields,

 

“We’ve been expecting market improvement, but didn’t...

Read Full Article...
INFOGRAPHICS: June 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: June 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Ready for summer? Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in their latest media release, both buyers and sellers are currently taking a wait-and-see approach in the Fraser Valley markets.

June’s property sales in the Fraser Valley were 29.3% below the 10-year sales average for June and were the second lowest total for the month since the year 2000. The number of new listings also decreased in June, coming in at 9.6% below the 10-year average for the number of listings received during that month.

The Fraser Valley Real Estate Board processed 1,306 sales of all property types on its Multiple Listing Service® (MLS®) in June, a 13.9% decrease compared to sales in May 2019, and a 10.1% decrease compared to the 1,452 sales in June...

Read Full Article...
INFOGRAPHICS: May 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: May 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

In the blink of an eye, it’s already June! Meanwhile, here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

According to this month’s market report, the Fraser Valley Real Estate Board processed 1,517 sales of all property types on its Multiple Listing Service® (MLS®) in May, a 13.7% decrease compared to the 1,758 sales in May of last year. There were also 8,506 active listings available in the Fraser Valley at the end of May, an increase of 26.3% compared to May of last year.

Darin Germyn, President of the Board, notes:

“Buyers are recognizing that in the last three months, home prices have stopped declining and that in order to take advantage of the improvement in prices over the past year, now is a great time to consider making the purchase...

Read Full Article...
INFOGRAPHICS: April 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: April 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Heading into May nice and steady! Here are the latest market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!

According to FVREB’s latest market update, the Fraser Valley real estate market experienced its second slowest April in ten years and yet sales of certain property types and price ranges remain solid.

The Fraser Valley Real Estate Board processed 1,383 sales of all property types on its MLS® in April, a 13.3% increase compared to sales in March 2019, and a 19% decrease compared to the 1,708 sales in April of last year.

As noted by Darin Germyn, President of the Board,

 

“Consumers may not have the purchasing power that they did prior to January 2018, but the desire for home ownership is still there and we’re seeing that reflected in our...

Read Full Article...
INFOGRAPHICS: March 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Spring is in full swing, and things are looking up over at Fraser Valley! Here are the latest market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!

In their latest market report, it is noted that FVREB is seeing typical an increase in March sales which is typical to the season. According to the report, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015.

As noted by Darin Germyn, President of the Board,

 

“From a buyer’s perspective, there are more opportunities available as we move deeper into spring. Many of our communities are seeing higher inventory levels, especially in the attached market with the number of available townhomes almost doubling and Fraser Valley condos...

Read Full Article...
INFOGRAPHICS: February 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: February 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Here comes March, and with it are the latest market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!

In their latest media release, FVREB announces that the Fraser Valley real estate market saw an increase in sales activity and overall inventory in February along with decreased prices in several of its communities.

The Fraser Valley Real Estate Board processed 982 sales of all property types on its MLS® in February, a 25.3% increase compared to sales in January 2019, and a 29.1% decrease compared to the 1,385 sales in February of last year. Of the 982 total sales, 354 were residential detached homes, 236 were townhouses, and 288 were apartments.

According to President of the Board Darin Germyn,

“With inventory continuing to build, and prices softening across many...

Read Full Article...
INFOGRAPHICS: January 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: January 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Welcome to February, and here are the January 2019 market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!

According to their latest market update, overall inventory levels continued to recover as market activity remained moderate through January.

President of the Board, John Barbisan notes,

“This remains a challenging environment for buyers and sellers alike. Factors such as reduced buying power, changing expectations for pricing, and a recovering inventory are all having an impact.”

However, he has also pointed out that January months have historically started slowly, and the start of 2019 has been no exception. He also adds,

“Pricing for each of our major residential property types remains either stable or decreased in most areas. This isn’t necessarily...

Read Full Article...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.