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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

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.



Strong sales volumes continue through April

SURREY, BC Property sales in the Fraser Valley soared in April compared to one year ago increasing by 37 percent.

There were 2,009 sales processed on the Fraser Valley Real Estate Board Multiple Listing Service (MLS) in April, compared to 1,470 in April of last year. These volumes rank third highest of all time for the month with the next best April in 2004 and prior to that in 1991.

April was a very active market, says Jorda Maisey, Board President. The low cost of borrowing continues to attract first-time buyers and families looking to either downsize or upsize as they take advantage of the equity theyve built up in their existing homes.



March property sales climb in the Fraser Valley

SURREY, BC In March, sales on the Fraser Valley Real Estate Boards Multiple Listing Service (MLS) reached the highest theyve been in nine years. The Board processed 1,857 sales, a 47 per cent increase compared to the 1,259 sales in March of last year. Sales during March of 2006 were 2,072.

Jorda Maisey, President of the Board, attributes the strength in the market to a number of factors. Our population is growing, interest rates continue to remain supportive of housing demand and consumers are confident. It all adds up to a desire to invest in real estate now.

In March, the Board processed 11 per cent more new listings compared to March 2014, however higher sales eroded the number of active listings. March finished with 8,193 active listings of all property types, 7 per cent fewer than available during the same month last year.



FVREB announces new 2015/16 board; Cloverdale REALTOR awarded top honour

LANGLEY, BC - The Fraser Valley Real Estate Board (FVREB) elected its new Board of Directors for 2015/2016 at its Annual General Meeting held on February 25.

Also at the event, the Board awarded Cloverdale REALTOR and Managing Broker Rick Dubord with its top honour, the John Armeneau Professional of the Year award for 2014.

Jorda Maisey will replace outgoing President Ray Werger. Maisey is a licensed REALTOR of over twenty years, and is a representative of RE/MAX Little Oak Realty in Fort Langley.

I am honoured and proud for this opportunity to help lead the seventh largest real estate board in Canada, remarked Maisey. For nearly a century, our organization has been recognized for its dedication and commitment to helping Fraser Valley REALTORS provide exemplary service to their clients. Along with my fellow directors, we look forward to building on that reputation.




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