Trevor Miller

SURREY, BC – Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.

The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, and an increase of 14.6 per cent compared to February of last year. The previous highest February for new listings was 3,283 in 2016.

The FVREB processed a total of 1,824 sales of all property types on its Multiple Listing Service® (MLS®) in February 2022, a decrease of 35.2 per cent compared to February 2021, and 39.2 per cent higher compared to January 2022. Sales remain strong at 18 per cent above the 10-year average.

By month end, February’s total active listings available for purchase were 3,790, a decrease of 8.0 per cent compared to the same month last year, however 62.5 per cent higher than what was available at the end of January. It’s the highest month-over-month increase in active listings in the Fraser Valley in 20 years.

FVREB February News Release

According to the Fraser Valley Real Estate Board, it continues to be a seller’s market as demand continues to outpace supply in the region.

Read the latest stats HERE.

I did 50+ showings in 6 hours on the property pictured here, but the result was 14 offers and it SOLD for $220,000 OVER ASKING.

So happy for my wonderful clients, Marius & Nikki.

There’s never been a better time to sell than right now (in case you were asking).

New FVREB stats show White Rock/South Surrey benchmark prices have increased (again) in all three categories:

• Detached Homes: up 1.3% from prior month and 22.7% from 2020
• Townhomes: up 2.3% from prior month and 24.6% from 2020
• Condos: up 0.5% from prior month and 18.6% from 2020

Low inventory of homes available for sale means it’s still a “seller’s market”!

Contact me for a free “no strings” home evaluation.

Click HERE for the full story from the Fraser Valley Real Estate Board.

According to the Fraser Valley Real Estate Board, demand for Fraser Valley real estate remains high against a backdrop of decreasing supply.

Get the full story by clicking HERE.

This 5 BR/4BA charmer hits the MLS tomorrow. Click HERE for a sneak peek…

The Fraser Valley Real Estate Board (FVREB) says near record-breaking new listings have not been enough to match insatiable buyer demand.

Read the full story and get the latest statistics by clicking the link below…

http://www.fvreb.bc.ca/statistics/near-record-breaking-new-listings-in-the-fraser-valley-not-enough-to-match-insatiable-buyer-demand/

I agree that with more homes now on the market we’re seeing fewer multiple offers, fewer subject-free offers, and anything over-priced is starting to sit longer.

Full details HERE

Congrats to my clients Rod & Cindy on the quick sale of their townhouse. 15 showings in 2 days, multiple offers, $50,000 over asking!

Thinking about selling? Get me working for you!

Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921. (Source: FVREB)

Full details HERE