(Part 2 of 2) As promised, here’s the second installment – for you to share with your clients – of our two-part feature offering in-depth analysis of the Fraser Valley market post-2020 – from one of BC’s foremost economists and our industry’s main resource for housing market intelligence, Brendon Ogmundson. Last issue, Brendon focused on [...]
From a drizzle to a torrential downpour in six months – Fraser Valley’s market in 2020 did exactly what no one expected. Least of all REALTORS®. Home sales started to rebound from the lockdown in the summer and culminated in the strongest December in the history of the Board. Here’s Board President, Chris Shields, [...]
(Part 1 of 2) Now that you’ve caught your breath (for a moment). On the heels of the busiest, most unexpected December in our Board’s history and half a year of the market out-performing all expectations during COVID-19, we turned to one of the most in-demand, economists in our province for insight for you to [...]
SURREY, BC – In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020. In December, the Board’s Multiple Listing [...]
If the market currently has you scratching your head, you’re not alone. Even the most experienced, knowledgeable real estate experts describe the last few months as exceptional and unexpected. Just imagine how clients and consumers are feeling and the questions they likely have? We know they look to you, their local REALTOR® for accurate MLS® [...]
SURREY, BC – For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Overall property sales for the month of November again set a new Board record. Sales records were also broken in September and October; and since July, all activity including new listings, has continued [...]
For the fourth consecutive month, our Board experienced record-breaking sales and near record-breaking new listings on our Multiple Listing Service®. With no sign yet of it letting up, here’s Board President, Chris Shields, with a more in-depth Fraser Valley ‘Eye on the Market’ for October highlighting key numbers, what they mean and what a [...]
SURREY, BC – Ongoing demand for Fraser Valley real estate saw overall sales reach the highest point for the month of October in the Board’s history. This is the fourth consecutive month of record-breaking or near-record activity for sales and new listings in the region. The Fraser Valley Real Estate Board processed 2,370 sales [...]
Pandemic + recession = record-breaking home sales. Huh?It does seem to defy logic, but Fraser Valley REALTORS® had their busiest September on record. Here’s Board President, Chris Shields, with a recap of the amazing numbers and more importantly, why home ownership currently is top of mind for consumers. Tip! This is a great, highlight [...]
SURREY, BC – Consumer demand for real estate in the Fraser Valley remained robust for the fourth consecutive month, with overall sales and new listings reaching record-breaking numbers in September. The Fraser Valley Real Estate Board processed 2,231 sales on its Multiple Listing Service® (MLS®) in September, an increase of 66.1 per cent compared [...]
