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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

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.



August market typical for Fraser Valley real estate

SURREY, BC Even with a characteristic seasonal dip in sales, the Fraser Valley real estate market experienced its best August since 2011 with volumes improving over last year and finishing 10 per cent below the 10-year average for the month.

The Fraser Valley Real Estate Board processed 1,302 sales on the Multiple Listing Service (MLS) in August, an increase of 3 per cent compared to the 1,258 sales during the same month last year and a decrease of 19 per cent compared to the 1,615 sales in July.

Ray Werger, president of the Board, says, As usual, we saw a typical summer slowdown in August compared to July, however like every month so far in 2014, August sales were higher than last year. Its the continuation of the story weve seen all year; a return to a normal, balanced market.



Market strength carries into summer for Fraser Valley real estate

SURREY, BC Continued demand for single family homes and townhomes resulted in the busiest July in five years for the Fraser Valley Real Estate Board. The Boards Multiple Listing Service (MLS) processed 1,615 sales in July, an increase of 11 per cent compared to the 1,456 sales in July last year and 1.4 per cent above the 10-year average for the month.

Ray Werger, President of the Board, says, Julys steady activity is a continuation of what weve been seeing all year. Our market has fully recovered from last years slump and has returned to what we typically see in the Fraser Valley, which is a steady, consistent market.




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