Fraser Valley Market Report Infographics

Wednesday, April 8, 2020 7:11:06 PM UTC
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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INFOGRAPHICS: October 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports
INFOGRAPHICS: October 2019 FVREB Fraser Valley, South Surrey, Etc. Market Reports

And just like that, it seems we’re already nearing the end of 2019! As we dive into the cold season, here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

In their latest statistics report, FVREB reports a solid rebound for the Fraser Valley market, and they are reporting that the demand for Fraser Valley real estate is the strongest it’s been since the spring of 2018.

FVREB processed 1,592 sales of all property types on its Multiple Listing Service® (MLS®) in October, a 18.5% increase compared to sales in September 2019, and a 37.8% increase compared to the 1,155 sales in October of last year.

There were 7,398 active listings available in the Fraser Valley at the end of October, a decrease of 4.5% compared to October of last year and a decrease...

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

As the weather cools down, the FVREB market is warming up! Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in their most recent market report, FVREB has announced that property sales in Fraser Valley have recovered, bringing the market into balance.

For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages.

The Fraser Valley Real Estate Board processed 1,343 sales of all property types on its Multiple Listing Service® (MLS®) in September, a 3.5% increase compared to sales in August 2019, and a 29.8% increase compared to the 1,035 sales in September of last year.

There were 7,946 active listings available in the Fraser Valley at the end of September, an increase...

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

We’re diving into the Fall season pretty fast, and things are looking good for Fraser Valley. Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in their latest market update, the Fraser Valley housing market continues to stabilize as sales pick up compared to last year.

For the second month in a row, home sales in the Fraser Valley surpassed 2018 levels bringing the market closer to historical norms.

The FVREB processed 1,297 sales of all property types on its Multiple Listing Service® (MLS®) in August, an 11% decrease compared to sales in July 2019, and a 12.3% increase compared to the 1,155 sales in August of last year.

There were 8,040 active listings available in the Fraser Valley at the end of August, an increase of 9.6% compared to August...

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

FVREB is now entering the month of August, and it looks like things have been looking great! Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

According to their latest market update, Fraser Valley home sales rebound in July after a lackluster June. In their report, it is pointed out that there has been a noticeable lift in home sales and slight decrease in new listings bolstered the Fraser Valley housing market in July.

The Fraser Valley Real Estate Board processed 1,458 sales of all property types on its MLS in July, a 11.6% increase compared to sales in June 2019, and a 13% increase compared to the 1,290 sales in July of last year.

As noted by the Board’s President-Elect Chris Shields,

 

“We’ve been expecting market improvement, but didn’t...

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

Ready for summer? Here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).

As noted in their latest media release, both buyers and sellers are currently taking a wait-and-see approach in the Fraser Valley markets.

June’s property sales in the Fraser Valley were 29.3% below the 10-year sales average for June and were the second lowest total for the month since the year 2000. The number of new listings also decreased in June, coming in at 9.6% below the 10-year average for the number of listings received during that month.

The Fraser Valley Real Estate Board processed 1,306 sales of all property types on its Multiple Listing Service® (MLS®) in June, a 13.9% decrease compared to sales in May 2019, and a 10.1% decrease compared to the 1,452 sales in June...

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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.