Fraser Valley real estate sales dip in August; prices hold steady

2023-10-03T23:15:05-08:00September 5th, 2023|Statistics|

SURREY, BC – A combination of seasonal trends and cautious anticipation of the next rate announcement saw the Fraser Valley real estate market slow in August as sales fell slightly for the second month, after reaching a 15-month high in June. The Fraser Valley Real Estate Board recorded 1,273 sales on its Multiple Listing [...]

Seasonality, interest rates temper sales in the Fraser Valley

2023-08-02T07:58:54-08:00August 2nd, 2023|Statistics|

SURREY, BC – After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle. The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing Service® (MLS®), a decrease of 29.3 per [...]

Low supply continues to impact home pricing in the Fraser Valley: Sales increasing despite rate hikes

2023-07-05T08:31:06-08:00July 5th, 2023|Statistics|

SURREY, BC – The Fraser Valley real estate market saw strong sales activity in June with levels on par with the 10-year average for the month, amid on-going challenges with supply. In June, the Fraser Valley Real Estate Board (FVREB) processed 1,935 sales on its Multiple Listing Service® (MLS®), an increase of 51.1 per [...]

Delayed spring activity boosts supply of property listings in the Fraser Valley

2023-06-02T09:36:17-08:00June 2nd, 2023|Statistics|

SURREY, BC – The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome [...]

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 [...]

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