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The Fraser Valley Real Estate Board is an association of more than 2,800 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

FVREB NEWS

20 years of recognition and support result in high quality donations to the REALTORS Care Blanket Drive

VANCOUVER, BC - For the 20th year, REALTORS across the Lower Mainland gathered warm clothing and blankets to help over 17,000 working poor and homeless people in our region and what stood out most during this years Blanket Drive November 17 to 24 was the quality and specificity of donations.

Sue Mukerji, Surrey REALTOR and Blanket Drive volunteer for over ten years, observes, The message that its not about quantity is really getting through now. Our goal has always been to collect the highest quality items to meet the needs of our most vulnerable citizens in each of our communities.

Some of our charities request only blankets; others indicate they need mainly socks or underwear. Surreys Hyland House specifically asked for new pillows. Because we have REALTORS, clients and members of the public who have been supporting us for many years, we have a network to help fulfill the unique requests as best we can.



2014 trend towards increased sales and steady pricing continues into November

SURREY, BC The Fraser Valley Real Estate Board processed 1,136 sales on its Multiple Listing Service (MLS) in November, an increase of 15 per cent compared to the 986 sales during the same month last year and 22 per cent lower than the 1,448 sales processed in October.

New listings in the Fraser Valley decreased by 2 per cent in November, going from 1,774 last year to 1,748 last month taking the number of active listings to 8,302, a decrease of 4 per cent compared to the 8,641 active listings in November of 2013.

This is the time of year when families are settling in for winter and the holidays, so we expect to see a decrease in activity, explains the Boards president, REALTOR Ray Werger. After a busy fall with volumes reaching 5-year highs, were winding down the year with sales on par with the ten-year average, but about 8 per cent fewer new listings therefore home buyers will notice a shortage of inventory in certain price ranges.



REALTORS Care Blanket Drive delivering warmth for 20 years

VANCOUVER, BC - This year marks the 20th anniversary of the largest and longest running blanket drive in the Lower Mainland. Over two decades, the REALTORS Care Blanket Drive has helped bring warmth to more than 250,000 residents across the Lower Mainland.

From November 17 to 24, REALTORS across the region will work with their clients to coordinate donations of blankets, sleeping bags, warm winter clothing, and new socks and underwear for those most in need. The donations are then sorted and delivered to charities and organizations in the same area in which they were collected.

Were asking anyone with donations to please drop them off at any of our 100 plus participating real estate offices. To find a participating office near you, go to www.blanketdrive.ca.



Increased demand for Fraser Valley townhouses and single family homes

SURREY, BC The Fraser Valley Real Estate Board processed 1,448 sales on its Multiple Listing Service (MLS) in October, an increase of 16 per cent compared to the 1,249 sales during the same month last year and 2 per cent more than in September.

Ray Werger, the Boards president, says, Sales overall continue to outperform last year and as weve seen for a number of months now are the best theyve been in five years.

Demand remains steady in our region for single family detached homes and townhomes. Last month, the market share of sales of single family homes increased by almost five per cent compared to last year; while the share of condo sales decreased by the same amount and were seeing that preference reflected in prices.



Strong summer for Fraser Valley real estate carries through to September

SURREY, BC The Fraser Valley Real Estate Board processed 1,419 sales on its Multiple Listing Service (MLS) in September, an increase of 25 per cent compared to the 1,131 sales during the same month last year, and an increase of 9 per cent compared to sales in August.

Ray Werger, the Boards president, says, Similar to this past summer, this is the busiest September weve had since 2009 with sales of all property types combined out-performing the 10-year average by 13 per cent.

Residentially, the single family detached home remains the preferred property type. From North Delta to Mission, sales increased in every Fraser Valley community compared to last year with the price range of $400,000 to $699,999 garnering almost sixty per cent of our total detached market.




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