About Sofia Castillo

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So far Sofia Castillo has created 11 blog entries.

Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

2024-06-04T09:06:59-08:00June 4th, 2024|Statistics|

SURREY, BC – Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news [...]

March home sales growth off last month’s pace, but supply still building in the Fraser Valley

2024-04-03T09:29:24-08:00April 3rd, 2024|Statistics|

SURREY, BC –Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years. However, March sales were slower than anticipated with 1,395 transactions recorded on the Fraser Valley Real Estate Board’s Multiple Listings Service® (MLS®), a [...]

Sales, listings continue to pick up heading into spring

2024-03-04T10:14:40-08:00March 4th, 2024|Statistics|

SURREY, BC – Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average. The Fraser Valley Real Estate Board recorded 1,235 transactions on its Multiple Listing Service® (MLS®) in February, a 32 per cent increase over January [...]

Signs of stability in Fraser Valley housing market

2024-02-02T09:20:19-08:00February 2nd, 2024|Statistics|

SURREY, BC – The Fraser Valley real estate market showed signs of recovery in January as home sales rose after six consecutive months of decline, and new listings more than doubled. The Fraser Valley Real Estate Board recorded 938 transactions on its Multiple Listing Service® (MLS®) in January, a 12 per cent increase over [...]

Fraser Valley closes out 2023 with lowest annual sales recorded in 10 years

2024-01-04T10:15:57-08:00January 4th, 2024|Statistics|

SURREY, BC – High interest rates kept a lid on sales and listings in the Fraser Valley in 2023, while holding year-over-year price growth to low single digits. The Fraser Valley region ended the year with 14,713 sales recorded on its Multiple Listing Service® (MLS®), a decline of four per cent over 2022 and [...]

Seasonality, interest rates temper sales in the Fraser Valley

2023-08-02T07:58:54-08:00August 2nd, 2023|Statistics|

SURREY, BC – After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle. The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing Service® (MLS®), a decrease of 29.3 per [...]

Delayed spring activity boosts supply of property listings in the Fraser Valley

2023-06-02T09:36:17-08:00June 2nd, 2023|Statistics|

SURREY, BC – The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome [...]

Momentum continues to build in the Fraser Valley real estate market

2023-04-05T08:46:19-08:00April 5th, 2023|Statistics|

SURREY, BC – March 2023 saw the second consecutive month of growth in sales in the Fraser Valley, and although still below seasonal norms, the trend is an encouraging sign that the region continues to head towards increased market stability. At 1,550, property sales posted on the FVREB’s Multiple Listings Service (MLS®) were 72.6 [...]

Signs of stability in Fraser Valley create opportunities for home buyers and sellers

2023-03-02T09:49:40-08:00March 2nd, 2023|Statistics|

SURREY, BC – House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing [...]

Fraser Valley real estate market 2022 – highs, lows, and a return to balance

2023-01-05T09:50:13-08:00January 5th, 2023|Statistics|

SURREY, BC – In a year that saw prices peak early on, feeding off the momentum of record-breaking sales in 2021, the Fraser Valley real estate market came back down to earth by the close of 2022, due largely to interest rate increases designed to stave off inflation. The Fraser Valley Real Estate Board [...]

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