The Fraser Valley Real Estate Board is an association of more than 2,900 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

Fraser Valley housing market remains steady; while selection continues to improve

There were 1,435 property sales processed on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) in April, reflecting a 5 per cent decrease compared to the 1,516 sales in April of last year, and a slight increase over the 1,412 sales in March.

In April, the Board added 7 per cent more new listings compared to one year ago, 3,134 in contrast to 2,918 in April 2011, pushing the number of properties for sale in the Fraser Valley to 10,312, the highest level since July 2010. 

Scott Olson, President of the Board, says “To put it in perspective, in the last decade, April 2012 ranked second lowest for sales during that month, while new listings came in at the third highest, meaning it’s a good time to be shopping for a home in the Fraser Valley because selection has only been this extensive twice.

Fraser Valley house hunters looking for good buys; keeping prices resilient

The Fraser Valley Real Estate Board (FVREB) processed 1,412 sales on its Multiple Listing Service® (MLS®) in March, a decrease of 22 per cent compared to March of last year, however only 13 per cent less than the 10-year average of 1,626 sales for same month.

Scott Olson, president of FVREB, says, “It was quieter than usual for March, but still steady with an increase in demand for more affordable properties, in particular detached homes for less than $500,000 and townhomes.   

“Compared to last March, every community in Fraser Valley experienced a decrease in the sales of single family detached homes especially those priced at the higher-end; however Abbotsford, Langley and North Surrey all saw increases in the sale of townhomes.”

Typical ‘pre-spring’ surge in home sales & new listings keeps market steady

The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 1,269 sales in February, an increase of 59 per cent compared to January and a 1 per cent decrease compared to the 1,279 sales during February of last year.

In terms of new listings, the Board received 2,846 in February, an increase of 3 per cent compared to January and a 6 per cent decrease compared to the 3,038 listings received last February, taking the total number of active listings to 9,037, an increase of 4 per cent compared to those available in February 2011.

As Board President Scott Olson explains, a seasonal increase in sales is typical for February; however this increase was not as robust as in years past. February’s sales finished at 4 per cent fewer than the 10-year average for that month. 

Fraser Valley Real Estate Board elects new leaders

The professional association of Fraser Valley REALTORS® elected a new team of officers and directors at an annual general meeting held February 22 at the Coast Hotel & Convention Centre in Langley.

Officers serving for the coming 2012/2013 term:

President: Scott Olson, Macdonald Realty, Surrey

President-elect: Ron Todson, RE/MAX Little Oak Realty, Abbotsford

Vice President: Ray Werger, Royal LePage – Coronation Park, Surrey

Directors:
Manny Boparai, Century 21 Coastal Realty Ltd., Surrey
Jorda Maisey, RE/MAX Little Oak Realty, Surrey
Mohamed Mansour, Sutton Group – Medallion Realty, Surrey
Gopal Sahota, Sutton Group – West Coast Realty, Surrey
Sharon Wayman, Sutton – Premier Realty, Surrey
Charles Wiebe, Landmark Realty Corp., Abbotsford
Also serving on the Board of Directors, elected prior to the AGM:
Ralph Visser, Century 21 Ace Agencies Ltd., Abbotsford (chair Brokers Council)
Dennis Germyn, Macdonald Realty, Surrey (chair Commercial Executive Council)

Past President Sukh Sidhu, RE/MAX Little Oak Realty, Abbotsford will serve as an ex-officio member of the Directorate.

Fraser Valley’s new Board of Directors takes office on March 1, 2012.

From Abbotsford to White Rock: Outstanding dedication to the real estate profession recognized

The Fraser Valley Real Estate Board (FVREB) recognized two local REALTORS® for their outstanding contributions to the profession at its Annual General Meeting, February 22 at the Coast Hotel & Convention Centre in Langley.

The 2012 John Armeneau Professional of the Year was awarded to Len Visser, Owner/Broker of Century 21 Ace Agencies Realty in Abbotsford.

And a one-time only Special Achievement Award was presented to Bonnie Moy, HomeLife Benchmark Realty in White Rock.

Since 1985, the John Armeneau award has been presented to a Fraser Valley REALTOR® who demonstrates professional excellence, integrity, dedication to fellow colleagues, clients and the community, as well as devotion to organized real estate. It is the Board’s highest honour and is only awarded annually when a member qualifies.