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Fraser Valley Statistics

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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.


Seller's market continues for single family detached and townhomes in Fraser Valley

SURREY, BC Property sales in the Fraser Valley remained strong in September, consistent with the near-record setting pace of the last six months.

The Fraser Valley Real Estate Board processed 1,727 sales, an increase of 22 per cent compared to 1,419 sales during September of last year. Last months sales were on par with September 2005 and second to Septembers all-time high for sales in 1992.

Jorda Maisey is the Boards President. Sales remain brisk depending on the property type and location. Were continuing to see many family homes that are priced right receive multiple offers and sell in a matter of days. People actively looking for a home will already know that in some communities, selection is very tight.

In Langley where I live and work, we have less than two months supply of single family homes and townhomes, which means buyers and their REALTORS have to be informed, prepared and have a strategy.

Strong sales activity continues through August

SURREY, BC In August, home sales in the Fraser Valley moderated in comparison to Julys record-setting pace, however, they remained elevated compared to historical norms for the month.

There was a total of 1,734 property sales processed in August, an increase of 33 per cent compared to 1,302 sales during August of last year and a decrease of 21 per cent compared to Julys 2,184 sales.

Jorda Maisey is the Boards President. High consumer confidence and low mortgage rates continue to drive the activity weve seen in our market this summer.

Even with the holiday season, sales last month remained 25 per cent higher than the Boards 10-year average for August. This year marks one of the busiest summer markets weve ever had in the Fraser Valley, second only to 2005.

July property sales hit record levels in Fraser Valley

SURREY, BC Fraser Valley Real Estate Boards Multiple Listing Service (MLS) saw the highest number of real estate transactions ever recorded for the month of July.

There were 2,184 property sales processed, an increase of 35 per cent compared to 1,615 sales in July of last year. The previous highest July was in 2009, with 2,089 sales and prior to that in 2005.

Jorda Maisey is the Boards President. Home ownership is a passion in our country and in our region currently, conditions couldnt be better to support that goal. Interest rates are the lowest theyve been in six years, our provincial economy is on track to be the strongest in the country this year and in the Fraser Valley we have amongst the most affordable homes in the region.

This is why this summer is shaping up to be the busiest in our history.

Strongest June market in Fraser Valley in 10 years

SURREY, BC Last months sales volumes on the Fraser Valley Real Estate Boards Multiple Listing Service (MLS) were the highest for June since 2005 and rank as the fourth busiest month ever for MLS sales in the Fraser Valley.

There were 2,413 sales processed on the MLS in June, an increase of 45 per cent compared to the 1,668 sales processed in June of last year and also an increase of 23 per cent compared to May.

Jorda Maisey is the Boards President. This is the strongest residential market weve experienced since 2005 and prior to that in the early 90s. Whats generating all this activity?

Our informal market research shows that the majority of homebuyers in the Fraser Valley are families with children moving within their same community or moving within the Fraser Valley region. Our clients are telling us that theyre feeling confident with the current economic climate in BC and the long-term value of investing in real estate.

Slight shift in Fraser Valley market in May; sales edge down while inventory inches up

SURREY, BC Sales on the Fraser Valley Real Estate Boards Multiple Listing Service (MLS) in May remained at strong levels the highest since 2007 however, they softened slightly compared to April.

There were 1,969 MLS sales processed in May, a decrease of 2 per cent compared to April, however an increase of 21 per cent compared to the 1,633 sales processed in May of last year.

Jorda Maisey is the Boards President. Home sales in the Fraser Valley maintained a strong pace in May; however, we noticed a slight shift in the market. In certain areas, we saw interest in higher-end detached homes pick up while demand for attached homes, which typically appeal to first-time buyers, decreased.

The result is that the selection of apartments in the Fraser Valley improved in the last month creating greater opportunities for buyers. Inventory of detached homes and townhomes remains tight, keeping the market elevated.

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