Fraser Valley Update Market Report

Thursday, September 10, 2020 1:30:43 PM UTC
INFOGRAPHICS: August 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: August 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Sales and new listings continue to set records in the Fraser Valley

The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second highest number of property sales and the highest number of new listings in August within the last two decades, when 2,298 sales were recorded in August 2005.

The FVREB processed a total of 2,039 sales in August, a decrease of 2.9% compared to sales in July, but an increase of 57.2% compared to the 1,297 sales during August of last year. Last month’s sales were 39% above the ten-year average for August, representing the highest August in the last decade and second only to what was recorded back in August 2005.

Read the full report on the FVREB website!

 


 

The following data is a comparison between August 2019 and August 2020 numbers,...

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INFOGRAPHICS: July 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: July 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Sales and new listings reach near record-setting numbers in the Fraser Valley

The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second-highest number of both property sales and new listings ever recorded in July.

The FVREB processed a total of 2,100 sales in July, an increase of 22.2% compared to sales in June and an increase of 44% compared to the 1,458 sales during July of last year. Last month’s sales were 25.5% above the ten-year average for July and second only to July 2015.

The Fraser Valley Board received 3,549 new listings in July , a 2.7% increase compared to June’s intake of 3,456 new listings and a 26.9% increase compared to July of last year. July’s new listings were 18.3% above the ten-year average for the month and second only...

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INFOGRAPHICS: June 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: June 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Property sales in the Fraser Valley more than double in one month as buyers return to the market

The Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a pandemic.

The Fraser Valley Real Estate Board (FVREB) processed a total of 1,718 sales on its Multiple Listing Service® (MLS®) in June, an increase of 113.4% compared to sales in May and an increase of 31.5% compared to the 1,306 sales during June of last year. Last month’s sales were 6.4% below the ten-year average for June.

Read the full report on the FVREB website!

 

 


 

The following data is a comparison between June 2019 and June 2020 numbers, and is current as of July 2020. For last month’s report, check out our previous...

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INFOGRAPHICS: May 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: May 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Housing market activity picks up in the Fraser Valley as buyers and sellers adapt to the new environment.

In May, Fraser Valley listings and property sales started to bounce back as REALTORS® helped their clients adjust to the new, necessary safety measures required to buy and sell a home during the provincial state of emergency due to COVID-19.

The Fraser Valley Real Estate Board (FVREB) processed a total of 805 sales on its Multiple Listing Service® (MLS®) in May, an increase of 17% compared to sales in April and a decrease of 47% compared to the 1,517 sales during May of last year.

Read the full report on the FVREB website.

 

 


 

The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 2020. For last month’s report, check out our previous...

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INFOGRAPHICS: April 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: April 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Fraser Valley real estate market contracts and adapts in response to public health measures to mitigate COVID-19.

As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley history.

The Fraser Valley Real Estate Board (FVREB) processed a total of 688 sales on its Multiple Listing Service® (MLS®) in April, a decrease of 52% compared to sales in March and a decrease of 50% compared to April of last year. According to FVREB historical data, last month’s sales were on par with April sales in 1983 through to 1985; and new listings are in line with numbers last seen in April 1981.

Read the full report on the FVREB website.

 


 

The following data is a comparison between April 2019 and April...

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INFOGRAPHICS: March 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: March 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

The last few weeks have been challenging for just about everyone, and we hope that you are all healthy and well during this time. For now, here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB)!

As indicated in their latest media release, March sales and new listing data is showing the preliminary impact of COVID-19 on Fraser Valley housing market.

The most up to date Multiple Listing Service® (MLS®) data from the FVREB indicates COVID-19 has put the market on pause, as REALTORS® and the public adhere to health authority rules and government guidelines on the pandemic.

By the end of March, the FVREB processed a total of 1,441 sales on its MLS®, a 7% increase compared to sales in February 2020, and an 18% increase compared to the 1,221 sales in March 2019. During...

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INFOGRAPHICS: February 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: February 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Spring is almost here, and the market that goes along with it. Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB)!

According to their latest published figures, in February, property sales in the Fraser Valley finished slightly above the 10-year average for the month, while new listings came in 3% below, keeping overall inventory at historically below-average levels.

The Fraser Valley Real Estate Board processed 1,352 sales of all property types on its Multiple Listing Service® (MLS®) in February, a 39% increase compared to sales in January 2020, and a 38% increase compared to the 982 sales in February of last year.

Of the 1,352 total MLS® sales of residential and commercial combined in the Fraser Valley, 534 were single family detached homes, 341 were...

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INFOGRAPHICS: January 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: January 2020 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB)!

According to FVREB’s latest market report, January’s property sales in the Fraser Valley came in 6% above the 10-year average for the month, while new listings finished 11% below historical norms.

The Fraser Valley Real Estate Board processed 974 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 21.9% decrease compared to sales in December 2019, and a 24.2% increase compared to the 784 sales in January of last year.

Of the 974 total MLS® sales of residential and commercial combined in the Fraser Valley, 363 were single family detached homes, 241 were townhouses, and 248 were apartments.

There were 5,143 active listings available in the Fraser Valley at the end...

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INFOGRAPHICS: December 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: December 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Starting strong in 2020! Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB)!

As noted in FVREB’s most recent market update, we’re seeing a strong finish for mediocre year in Fraser Valley real estate.

After a sluggish first half of the year, property sales in the Fraser Valley started picking up speed in the summer and finished strong in December, but not enough to surpass last year’s sales totals.

The Board’s Multiple Listing Service® (MLS®) processed 15,487 sales in 2019, a 0.6% decrease compared to 2018’s 15,586 sales and the lowest total sales volume for the Fraser Valley since 2013. The total dollar volume of MLS® transactions for the year was $11.2 billion, dropping from $11.8 billion sold during the year prior.

In 2019,...

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INFOGRAPHICS: November 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: November 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

And here we are, at the end of 2019! Are you ready for the new decade? Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in FVREB’s most recent monthly report, Fraser Valley real estate is experiencing Unusual end-of-year demand, reinforcing the market.

The Fraser Valley Real Estate Board processed 1,405 sales of all property types on its Multiple Listing Service® (MLS®) in November, an 11.7% decrease compared to sales in October 2019, and a 36.7% increase compared to the 1,028 sales in November of last year.

Darin Germyn, President of the Board, says,

“Some listings are seeing a lot of activity depending on location and property type. REALTORS® are reporting more showings, higher traffic at open houses and even some multiple offer...

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.