MLS® sales in the Fraser Valley remained strong in October while supply continued to diminish

2021-11-01T16:11:44-08:00November 2nd, 2021|Statistics|

SURREY, BC – Demand for Fraser Valley real estate remained solid in October with overall sales the third highest on record. The Board processed a total of 1,938 property sales on its Multiple Listing Service® (MLS®) in October, an increase of 3.9 per cent compared to September and a decrease of 18.2 per cent [...]

VIDEO: A glimmer of hope for buyers? Here’s September’s ‘Eye on the Market’

2021-10-15T16:04:42-08:00October 14th, 2021|Statistics|

Sales in the Fraser Valley decreased in September while new listings increased. But, as Board President Larry Anderson, points out in September’s Eye on the Market… buyers can’t start cheering yet. Sales were still the second highest on record for the month and overall inventory at near all-time lows. To talk about the one property [...]

Positive start to fall market; new listings increase, sales soften

2021-10-04T08:14:35-08:00October 4th, 2021|Statistics|

SURREY, BC – Demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second‐highest levels for the month of September in the 100‐year history of the Board. The Board processed a total of 1,866 property sales on its Multiple Listing Service® (MLS®) in [...]

FVREB Exclusive: No market correction on horizon; prices and sales to stabilize in 2022

2021-10-01T15:03:06-08:00October 1st, 2021|Statistics|

By Bryan Yu, Central 1 Chief Economist As Fraser Valley REALTORS® are aware, your region, along with Metro Vancouver as a whole, has experienced robust demand for housing for much of the past year. The drivers have been well established. A combination of sharp mortgage rate declines and a pandemic shift in household needs propelled [...]

A market of extremes: near record sales in August combined with lowest supply in four decades

2021-09-01T15:22:40-08:00September 2nd, 2021|Statistics|

SURREY, BC – Demand for Fraser Valley real estate remained elevated in August reaching the second highest sales ever for the month against a backdrop of decreasing supply. The Board processed a total of 2,087 property sales on its Multiple Listing Service® (MLS®) in August, an increase of 4.0 per cent compared to July [...]

VIDEO: Softening of the market; but you wouldn’t know it in this part of the Fraser Valley

2021-08-19T12:00:22-08:00August 19th, 2021|Statistics|

For our July ‘Eye on the Market’, we headed to one of the most famous – and sought-after – communities in the Fraser Valley. Cloverdale is the third largest community within Surrey and is famous for it’s rodeo, railway, and historic charm. As Board President, Larry Anderson, explains, certain housing market trends in Cloverdale reflect [...]

Fraser Valley home sales remained steady in July; lowest supply in forty years

2021-08-12T11:16:18-08:00August 4th, 2021|Statistics|

SURREY, BC – Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981. The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, [...]

Mirroring the weather, Fraser Valley’s hot housing market cooled slightly in June going from a boil to a simmer

2021-07-02T16:09:33-08:00July 5th, 2021|Statistics|

SURREY, BC – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record. In June, the Board processed 2,247 sales on its MLS®, a decrease of 24 per cent compared to May [...]

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