Posts Tagged ‘Surrey’
Unrelenting demand for Fraser Valley detached and townhomes continues
Friday, December 4th, 2020“For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning.” – FVREB
Unrelenting demand for Fraser Valley detached and townhomes continued in November
Fraser Valley Market Remains HOT!
Wednesday, November 4th, 2020October marks four consecutive months of record-breaking activity for the Fraser Valley real estate market!
Click HERE to read the latest market update from the FVREB.
VIDEO: Record-breaking September defies ‘logic’
Friday, October 9th, 2020Pandemic + recession = record-breaking home sales. Huh?
It does seem to defy logic, but Fraser Valley REALTORS® had their busiest September on record.
Here’s Board President, Chris Shields, with a recap of the amazing numbers and more importantly, why home ownership currently is top of mind for consumers:
Housing market activity reaches historic levels in September
Friday, October 2nd, 2020FVREB reports the highest ever recorded sales for September!
Housing market activity reaches historic levels in September
FVRRB Stats for August 2020
Sunday, September 6th, 2020So, what do the latest stats tell us about the Fraser Valley Real Estate market? Basically, following a COVID-related pause, it’s back with a bang!
Click HERE for all the stats and analysis from the FVREB.
Contact me to find out your property’s current market value, or for expert help in finding your next dream home!
Fraser Valley Real Estate Market Takes Off!
Saturday, July 4th, 2020Just Sold!
Thursday, July 2nd, 2020Exquisite mega-townhouse in Wills Creek! Featuring 3662 sqft of luxury living, with 5-bedrooms (including double-masters w/large walk-in closets) and 5-bathrooms. Formal dining room, media room, and huge chef’s kitchen w/granite counters and stainless steel Fisher & Paykel appliances. Over-height ceilings & hardwood floors throughout. Strata-owned Geo-thermal heating and air conditioning w/HEPA & UV furnace filtration system. Amenities centre w/full gym, outdoor pool & hot tub. Walking distance to Morgan Creek golf course, Southridge and shops at Morgan Crossing.
Looking to sell? Contact me to find out your home’s current market value.
Market Shows Signs of Recovery!
Tuesday, June 2nd, 2020A lack of inventory is keeping prices stable, as the market shows signs of recovery.
Here’s the latest info from the Fraser Valley Real Estate Board (FVREB):
SURREY, BC – 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 per cent compared to sales in April and a decrease of 47 per cent compared to the 1,517 sales during May of last year.
Chris Shields, President of the Board, observes, “This is an encouraging sign. Real estate is an essential service and it’s one of the most important economic drivers in BC’s economy.
“Realtors and consumers deserve to be congratulated. It’s not easy to adapt quickly to physical distancing, virtual tools and strict personal safety protocols and yet we’re seeing more and more transactions happening daily as we all get more comfortable and confident with the new normal.”
The Fraser Valley Board received 2,207 new listings in May, a 56 per cent increase compared to April’s intake of 1,416 new listings and a 38 per cent decrease compared to May of last year. May finished with 6,454 active listings, an increase of 8 per cent compared to April’s inventory and a decrease of 24 per cent year-over-year.
Shields adds, “Although our overall numbers remain significantly lower than seasonal norms, it’s to be expected. The market is resilient and as all of us continue to work together responsibly for the betterment of public safety, it will continue to improve.
“It’s important for buyers to note that prices overall remain stable. We’re not seeing a lot of downward pressure on prices because for many areas there is a shortage of inventory. We’re even seeing multiple offer situations currently where buyers are paying asking price. When supply and demand stay in balance, prices remain relatively firm.”
In May, the average number of days to sell an apartment was 38; 36 for townhomes and 31 for single family detached.
MLS® HPI Benchmark Price Activity
- Single Family Detached: At $990,400, the Benchmark price for a single-family detached home in the Fraser Valley decreased 0.2 per cent compared to April and, increased 2.7 per cent compared to May 2019.
- Townhomes: At $555,000, the Benchmark price for a townhome in the Fraser Valley increased 0.4 per cent compared to April and increased 1.8 per cent compared to May 2019.
- Apartments: At $433,700, the Benchmark price for apartments/condos in the Fraser Valley decreased 1.0 per cent compared to April and increased 1.0 per cent compared to May 2019.
Click HERE for the full FVREB stats package.