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The Fraser Valley Real Estate Board is an association of more than 2,800 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.

FVREB NEWS

Buyers see value in single family detached homes in the Fraser Valley

SURREY, BC – In March, the Fraser Valley Real Estate Board (FVREB) processed 1,259 sales on its Multiple Listing Service® (MLS®), an increase of 12 per cent compared to the 1,128 sales during March of last year, and a 14 per cent increase compared to February’s 1,102 sales.

Ray Werger, President of the Board, says, “We did see activity pick up last month with an increase in demand in particular for single family detached homes. Sales were noticeably higher in North Delta, Mission and Langley compared to last year.

“Last March, sales of detached homes accounted for 55 per cent of sales of our three main residential property types and this year that increased to 58 per cent. It may not sound like much, but that translated into over 100 more sales. The property type that lost ground was townhouses.” Werger explains, “Our main buyers are families looking for the best value possible by taking advantage of continuing low interest rates and stable home prices.”



Fraser Valley market showing signs of spring

SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 1,102 sales in February, an increase of 43 per cent over January’s sales and an increase of 21 per cent over the 913 sales during February of last year.

Ray Werger, President of the Board, says, “The last time we saw an improvement in the market this early in the year was two years ago when we ended up having a solid, steady market from February through to mid-summer. It’s too early to predict whether this year will be similar, but for now sales are up and the average number of days to sell a detached home is one week faster than it was in January.”

Werger adds, “Although sales have picked up, it’s important to mention that they’re still hovering about 10 per cent below our 10-year average and the increases in activity are specific to property type and location, so be sure to ask your REALTOR® how your home and neighbourhood compare.”



FVREB announces new 2014/2015 board

LANGLEY, BC - The Fraser Valley Real Estate Board (FVREB) elected its new Board of Directors for 2014/2015 at its Annual General Meeting held on February 26.

REALTOR® Ray Werger will replace outgoing President Ron Todson. Werger has been active in real estate since 1992, and is a representative of Royal LePage West R.E.S. (Surrey).

“It's an incredible honour to lead one of the largest, longest-serving professional associations in BC. Since 1921, our Board has been providing Fraser Valley REALTORS® with the tools and services we need to give consumers the best possible service,” Werger said.



White Rock REALTOR® takes top honour in Fraser Valley

LANGLEY, BC - The 2014 recipient of the Fraser Valley Real Estate Board’s John Armeneau Professional of the Year award is Bonnie Moy of HomeLife Benchmark Realty in White Rock.

The award is the highest honour the Board bestows, recognizing outstanding leadership and dedication professionally and within the community.

With over 22 years in the real estate profession, Bonnie is revered for her skill, expertise, and commitment to both the Fraser Valley and its community of REALTORS®.



Fraser Valley Board honours its brightest community contributors

LANGLEY, BC - The Fraser Valley Real Estate Board (FVREB) presented its highest honours for community giving at its Annual General Meeting, February 26 at the Coast Hotel & Convention Centre in Langley.

The individual award went to Abbotsford REALTOR® Wendy Church with Lighthouse Realty Ltd. and the corporate award was presented to Royal LePage - Wolstencroft, Langley.

The REALTORS® Make Good Neighbours awards recognize volunteerism and community support offered by Fraser Valley REALTORS® and offices. Candidates are nominated for going above and beyond to improve the quality of life within their communities.




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