SURREY, BC – Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921. In March, the FVREB processed 3,329 residential and commercial sales on its Multiple Listing Service® (MLS®), an increase of [...]
As members know, interest rates and the pandemic continue to fuel an unrelenting demand for housing across the Fraser Valley. And no where is this more evident than in Abbotsford. The latest MLS® statistics for our largest, eastern-most city are a perfect microcosm of what’s happening Fraser Valley-wide. Homes – in particular, townhomes – are [...]
SURREY, BC – For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at levels never seen before in the 100-year history of the Fraser Valley Real Estate Board (FVREB). In February, the FVREB processed a total of 2,815 sales on its Multiple Listing Service® (MLS®), an increase of 108 per cent [...]
Every month, we package the most up-to-date MLS® data for our region in a tight, three to four minute video – giving you FVREB sales and listings numbers for the previous month, plus key insights into what they mean. Many members share these videos with clients, plus we get a lot of uptake from the [...]
SURREY, BC – In a month that is usually one of the quietest in real estate, Fraser Valley’s market continued at a breakneck pace, producing the strongest January sales on record as well as a modest uptick in new listings. The Fraser Valley Real Estate Board processed a total of 1,718 sales of all [...]
(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® [...]
