Spring sales hold steady in Fraser Valley real estate market

2023-05-02T10:19:16-08:00May 2nd, 2023|Statistics|

SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® (MLS®), virtually unchanged compared to March and a [...]

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 sales record slowest annual start in ten years; January new listings lowest in over thirty years

2023-02-02T09:46:37-08:00February 2nd, 2023|Statistics|

SURREY, BC – The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined. With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and down by 52.2 per cent compared to this time last year. The [...]

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 [...]

New listings lag as Fraser Valley real estate market sees third month of declining sales

2022-12-02T08:45:41-08:00December 2nd, 2022|Statistics|

SURREY, BC – With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season. Despite the market slowdown, opportunities are available, as evidenced by brisk turnover time frames. In November, the Fraser [...]

Housing prices remain soft, sales flat, throughout the Fraser Valley

2022-11-02T09:02:09-08:00November 2nd, 2022|Statistics|

SURREY, BC – Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories. In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 [...]

Fraser Valley real estate market continues to stabilize heading into fall season

2022-10-14T10:28:51-08:00October 5th, 2022|Statistics|

SURREY, BC – Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market. In September, the Fraser Valley Real Estate Board (FVREB) processed 897 sales on its Multiple Listing Service® (MLS®), a decrease of 11.8 per cent compared to last month and [...]

Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises

2022-09-02T07:57:24-08:00September 2nd, 2022|Statistics|

SURREY, BC – Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year. In August, the [...]

Sales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market

2022-08-03T10:55:27-08:00August 3rd, 2022|Statistics|

SURREY, BC – The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control. In July, the Fraser Valley Real Estate Board (FVREB) processed 993 sales on its Multiple Listing Service® (MLS®), a decrease of 22.5 [...]

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