SURREY, BC – For the eighth consecutive month, Fraser Valley real estate saw record-breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record-breaking months, last set in 2015/2016. In April, the Fraser [...]
You know our real estate market is on fire when not one or two records are shattered, but THREE.Can you guess them? Here’s Board President, Larry Anderson, with our March edition of FVREB’s ‘Eye on the Market’. This month’s location is a condo development site in Surrey City Centre where the entire building pre-sold [...]
The real estate market here – and across the country – has been ablaze. In our region, March marked the seventh month in a row for record-setting sales. One more month and we’ll break the same streak last set in 2015/2016.Home prices are through the roof.The government has been under pressure to cool the market [...]
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, [...]
