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 [...]

Fraser Valley real estate market cools as prices soften and supply increases.

2022-07-12T08:54:40-08:00July 5th, 2022|Statistics|

SURREY, BC –Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market. In June, the Board processed 1,281 sales on its Multiple Listing Service® (MLS®), a decrease of 5.8 per cent compared to May [...]

Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory

2022-06-02T10:59:31-08:00June 2nd, 2022|Statistics|

SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period. Sales of all property types in May were 1,360, down 16.9 per cent from April’s 1,637; and down 53.9 per cent [...]

Fraser Valley sales dip below 10-year average for first time in nearly two years

2022-05-03T08:05:38-08:00May 3rd, 2022|Statistics|

SURREY, BC – Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June [...]

Continued growth in new listings a hopeful sign for home buyers in the Fraser Valley

2022-04-04T09:21:02-08:00April 4th, 2022|Statistics|

SURREY, BC – For the third consecutive month, new listings in the Fraser Valley continued to climb in March giving buyers more to choose from, helping to increase overall active inventory to levels not seen since last July. Property sales remain robust, as Benchmark prices, the price of a ‘typical’ home, continued to increase [...]

FVREB posts record volume of new listings in February

2022-03-02T11:11:02-08:00March 2nd, 2022|Statistics|

SURREY, BC – Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February. The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, [...]

Glimmer of hope for Fraser Valley home buyers as new listings surge in January

2022-02-02T09:16:13-08:00February 2nd, 2022|Statistics|

SURREY, BC – On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared to December while the volume of new listings improved significantly. The Fraser Valley Real [...]

Fraser Valley real estate market sees busiest year in 100‐year history

2022-01-05T09:16:00-08:00January 5th, 2022|Statistics|

SURREY, BC – Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016. The FVREB processed 27,692 sales its Multiple Listing Service® (MLS®) in 2021, an increase of 39.0 per cent [...]

Fraser Valley home sales continued to soar in November further depleting supply

2021-12-02T11:54:28-08:00December 2nd, 2021|Statistics|

SURREY, BC – Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020. In November, the FVREB processed 1,972 sales of all property types on its [...]

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