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Market News |
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Fraser Valley real estate market cools as prices soften and supply increases.
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SURREY, BC –Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market. In June, the Board processed 1,281 sales on its Multiple Listing Service® (MLS®), a decrease of 5.8 per cent compared to May [...]
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FVREB posts record volume of new listings in February
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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, [...]
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Glimmer of hope for Fraser Valley home buyers as new listings surge in January
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SURREY, BC – On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared to December while the volume of new listings improved significantly. The Fraser Valley Real [...]
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COVID-19 – Public Health measures and open houses
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Today’s eMemo contains the following updates: Public Heath measures extended to February 16, 2022 Important reminders about conducting open houses Dear members, The COVID-19 pandemic continues to affect our communities, with case counts on the rise. Even so, we know that the important and critical work of supporting clients with their real estate transactions [...]
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Fraser Valley real estate market sees busiest year in 100‐year history
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SURREY, BC – Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016. The FVREB processed 27,692 sales its Multiple Listing Service® (MLS®) in 2021, an increase of 39.0 per cent [...]
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Adherence to new COVID-19 measures for a safer holiday season
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Dear members, While many of us in B.C. will be gearing down for the holiday break, we know that for you, the important and critical work of supporting your clients on their real estate transactions will continue. If the month-over-month, and in many cases, year-over-year records being broken since last May are any indication, [...]
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