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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

New Year brings strongest January on record

SURREY, BC Fraser Valleys real estate market showed no signs of slowing down, producing the strongest sales for January on record.

The Fraser Valley Real Estate Board processed 1,338 sales on its Multiple Listing Service (MLS) in January, an increase of 57 per cent compared to January 2015 and 13 per cent fewer then were processed in December. Sales in January ranked at the top for the last ten years coming in 57 per cent over the 10-year average, and 5 per cent higher than the previous record of 1,270 sales in January 1992.

Jorda Maisey, President of the Board said, Typically, we see January numbers slow down post-holiday season, but so far demand for Fraser Valley homes hasnt let up. Homebuyers are reluctant to wait when the market is moving this fast.



Fraser Valley real estate in hot demand throughout 2015

SURREY, BC Fraser Valley real estate experienced its strongest year in a decade in 2015. This was the second highest year for property sales in Fraser Valleys history, just shy of the regions previous sales high in 2005.

The Boards Multiple Listing Service (MLS) processed 21,095 sales in 2015, 33 per cent more than the 15,840 sales in 2014, and 0.9 per cent fewer than the 21,282 sales in 2005. The total dollar volume of MLS sales was a record setting $12.1 billion, four billion more than was sold in 2014.

In contrast, the Board received a typical volume of new listings in 2015 30,998 comparable to the average over the last ten years, set at 31,296 new listings.



21st annual REALTORS Care Blanket Drive delivers warm clothing and blankets south of the Fraser

SURREY, BC December 18, 2015 - Between November 16 to 23, the 21st annual REALTORS Care Blanket Drive collected over 1000 bags of warm clothing and blankets to help an estimated 5000 working poor and homeless in Abbotsford, Mission, Langley, Surrey, North Delta and White Rock. The donations were collected at 35 real estate offices across the Fraser Valley, sorted by 37 REALTOR volunteers, and delivered directly to 22 local charities.



Commemorating 20 years of REALTORS partnering with police

REALTORS® and police officers from across the Lower Mainland gathered this month to celebrate 20 years of partnership through the Realty Watch program. At our annual Realty Watch Police Breakfast on November 6, nearly 200 police officers and law enforcement officials learned about the effectiveness of the Realty Watch program in helping locate missing persons.



No sign of slowdown for Fraser Valley real estate market

SURREY, BC Fraser Valleys housing market remained in a sellers market in October, fuelled by low interest rates and strong consumer demand, according to the Fraser Valley Real Estate Board.

There were 1,772 sales processed on the Multiple Listing Service (MLS) in October compared with 1,448 in 2014, an increase of 22 per cent. For the month, sales are on par with the previous high in October 2005; and historically, only surpassed by the markets of October 1992 and 1989.

Jorda Maisey, President of the Board, says shes not surprised that October sales were near historic levels, BC continues to be an economic growth leader in our country and were seeing the impact of that in our housing market.

In the Fraser Valley, demand is strongest for ground-oriented homes. Single family homes and townhomes garnered 83 per cent of our residential market last month. The reasons are due to low interest rates, pent-up demand and most importantly, price. People can afford to own their own single family home in the Fraser Valley.




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