HOME PAGE     CONTACT US
Property Listings

Fraser Valley Statistics

Frequently Asked Questions

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

August market typical for Fraser Valley real estate

SURREY, BC Even with a characteristic seasonal dip in sales, the Fraser Valley real estate market experienced its best August since 2011 with volumes improving over last year and finishing 10 per cent below the 10-year average for the month.

The Fraser Valley Real Estate Board processed 1,302 sales on the Multiple Listing Service (MLS) in August, an increase of 3 per cent compared to the 1,258 sales during the same month last year and a decrease of 19 per cent compared to the 1,615 sales in July.

Ray Werger, president of the Board, says, As usual, we saw a typical summer slowdown in August compared to July, however like every month so far in 2014, August sales were higher than last year. Its the continuation of the story weve seen all year; a return to a normal, balanced market.



Market strength carries into summer for Fraser Valley real estate

SURREY, BC Continued demand for single family homes and townhomes resulted in the busiest July in five years for the Fraser Valley Real Estate Board. The Boards Multiple Listing Service (MLS) processed 1,615 sales in July, an increase of 11 per cent compared to the 1,456 sales in July last year and 1.4 per cent above the 10-year average for the month.

Ray Werger, President of the Board, says, Julys steady activity is a continuation of what weve been seeing all year. Our market has fully recovered from last years slump and has returned to what we typically see in the Fraser Valley, which is a steady, consistent market.



Strongest June in four years for Fraser Valley real estate market

SURREY, BC The Fraser Valley Real Estate Boards Multiple Listing Service (MLS) processed 1,668 sales in June, an increase of 26 per cent compared to the 1,327 sales in June of last year and 2 per cent higher than sales in May. In terms of historical comparison, last months sales finished 7 per cent below the 10-year average for June with the previous best June occurring in 2010.

Ray Werger, President of the Board, says, Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and were experiencing that at the ground level.

Over the last three months, weve seen a surge in demand specifically for single family homes and townhomes in most of our communities. Our number one buyer is families with children and theyre taking advantage of ultra-low interest rates combined with more affordable, stable prices in the Fraser Valley.



Market strength solidifies in the Fraser Valley

SURREY, BC Mays property sales in the Fraser Valley reached the highest theyve been in seven years with the Fraser Valley Real Estate Board posting 1,633 sales on its Multiple Listing Service (MLS), an increase of 18 per cent compared to May 2013 and 11 per cent more than in April.

Previous record-setting Mays were in the mid-2000s during the market peak, with last months sales coming in just below the 10-year average.

Ray Werger, President of the Board, says, For the second month in a row, were experiencing healthy sales volumes with the most popular choice being single family detached homes followed by townhouses. For single family homes, that market is at the upper-end of a balanced market with certain areas in a sellers market where over 30 per cent of available inventory is selling.



Balanced market conditions in the Fraser Valley

SURREY, BC The growth in sales on Fraser Valleys Multiple Listing Service (MLS) outpaced the growth in new inventory in April, propelling the market into solid balanced conditions.

In April, the Fraser Valley Real Estate Boards total sales volume increased by 8 per cent year over year and 17 per cent compared to March while new listings saw a 7 per cent increase compared to April 2013 and a 13 per cent increase compared to the previous month.

Ray Werger, president of the Board, says, Theres a lot of optimism right now. It will take a few more months of numbers, but our 2014 market is already on track to outperform last year.




   FVREB on Twitter     FVREB on Facebook     FVREB on LinkedIn    

Maps & Photos
Take a closer look at our communities.

Working with a REALTOR®
Learn about the REALTOR® relationship.

Commercial Listings
Locate commercial listings for sale or lease.
Site Design: Skunkworks Creative Group