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.
March property sales climb in the Fraser Valley
SURREY, BC – In March, sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) reached the highest they’ve been in nine years. The Board processed 1,857 sales, a 47 per cent increase compared to the 1,259 sales in March of last year. Sales during March of 2006 were 2,072.
Jorda Maisey, President of the Board, attributes the strength in the market to a number of factors. “Our population is growing, interest rates continue to remain supportive of housing demand and consumers are confident. It all adds up to a desire to invest in real estate now.”
In March, the Board processed 11 per cent more new listings compared to March 2014, however higher sales eroded the number of active listings. March finished with 8,193 active listings of all property types, 7 per cent fewer than available during the same month last year.
FVREB announces new 2015/16 board; Cloverdale REALTOR® awarded top honour
LANGLEY, BC - The Fraser Valley Real Estate Board (FVREB) elected its new Board of Directors for 2015/2016 at its Annual General Meeting held on February 25.
Also at the event, the Board awarded Cloverdale REALTOR® and Managing Broker Rick Dubord with its top honour, the John Armeneau Professional of the Year award for 2014.
Jorda Maisey will replace outgoing President Ray Werger. Maisey is a licensed REALTOR® of over twenty years, and is a representative of RE/MAX Little Oak Realty in Fort Langley.
“I am honoured and proud for this opportunity to help lead the seventh largest real estate board in Canada,” remarked Maisey. “For nearly a century, our organization has been recognized for its dedication and commitment to helping Fraser Valley REALTORS® provide exemplary service to their clients. Along with my fellow directors, we look forward to building on that reputation.”
Early spring fever hits Fraser Valley real estate market
SURREY, BC – In February, sales of all property types in the Fraser Valley increased by 21 per cent in one year with demand for two property types in particular - single family detached homes and townhomes - outpacing supply.
Last month, the Fraser Valley Real Estate Board processed 1,337 sales on the Multiple Listing Service® compared to 1,102 sales in February of last year. New listings in February totaled 2,610 which added up to 7,864 active listings, up from January’s 7,307 but a decrease of 4 per cent compared to February 2014’s 8,210 active listings.
“It was our busiest February since 2007,” says newly elected Board President Jorda Maisey. “In my community of Langley, the average number of days to sell a detached home is now less than one month and it’s a challenge finding the right product for some of our buyers, however every area is different. To understand the market for your home in your neighbourhood, talk to your REALTOR®.”
The Residence in Mission receives $5,000 gift from Fraser Valley REALTORS®
SURREY, BC - On behalf of Fraser Valley’s 2,700 plus REALTORS®, the Fraser Valley Real Estate Board has donated $5,000 to the Fraser Valley Health Care Foundation in support of The Residence in Mission.
Established in April 2014, The Residence in Mission provides resident-centered support to seniors with complex care needs, dementia, and patients suffering from brain injuries. The donation will go towards providing furnishing for the clients living within the facility and up-to-date health care equipment for their needs.
Ray Werger is the Board’s president. “As REALTORS®, we understand the importance of home and having the amenities and features to meet the needs of those who live there. The Residence is home – a place of comfort and caring – for hundreds of clients supported by the facility’s incredible staff every day. We are very proud to contribute to their work with this donation.”
New Year kicks off with average activity for Fraser Valley real estate market
SURREY, BC – Fraser’s Valley’s real estate market improved in January compared to 2014 with sales and new listings reflecting levels close to seasonal norms.
The Fraser Valley Real Estate Board processed 853 sales on its Multiple Listing Service® (MLS®) in January, an increase of 10 per cent compared to January 2014 and 21 per cent fewer then were processed in December. Sales in January ranked in the middle of the pack for the last ten years coming in 2 per cent under the 10-year average.
Ray Werger, President of the Board said, “We’re typically a little slower post-holiday season and this year echoed that trend until about mid-month, when we noticed inquiries from interested buyers start to pick up at a number of our offices – including an increase in calls from first-timers.