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...
In the blink of an eye, it’s already June! Meanwhile, here are this month’s market updates for the Fraser Valley Real Estate Board (FVREB).
According to this month’s market report, the Fraser Valley Real Estate Board processed 1,517 sales of all property types on its Multiple Listing Service® (MLS®) in May, a 13.7% decrease compared to the 1,758 sales in May of last year. There were also 8,506 active listings available in the Fraser Valley at the end of May, an increase of 26.3% compared to May of last year.
Darin Germyn, President of the Board, notes:
“Buyers are recognizing that in the last three months, home prices have stopped declining and that in order to take advantage of the improvement in prices over the past year, now is a great time to consider making the purchase...
Heading into May nice and steady! Here are the latest market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!
According to FVREB’s latest market update, the Fraser Valley real estate market experienced its second slowest April in ten years and yet sales of certain property types and price ranges remain solid.
The Fraser Valley Real Estate Board processed 1,383 sales of all property types on its MLS® in April, a 13.3% increase compared to sales in March 2019, and a 19% decrease compared to the 1,708 sales in April of last year.
As noted by Darin Germyn, President of the Board,
“Consumers may not have the purchasing power that they did prior to January 2018, but the desire for home ownership is still there and we’re seeing that reflected in our...
Spring is in full swing, and things are looking up over at Fraser Valley! Here are the latest market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!
In their latest market report, it is noted that FVREB is seeing typical an increase in March sales which is typical to the season. According to the report, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015.
As noted by Darin Germyn, President of the Board,
“From a buyer’s perspective, there are more opportunities available as we move deeper into spring. Many of our communities are seeing higher inventory levels, especially in the attached market with the number of available townhomes almost doubling and Fraser Valley condos...
Here comes March, and with it are the latest market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!
In their latest media release, FVREB announces that the Fraser Valley real estate market saw an increase in sales activity and overall inventory in February along with decreased prices in several of its communities.
The Fraser Valley Real Estate Board processed 982 sales of all property types on its MLS® in February, a 25.3% increase compared to sales in January 2019, and a 29.1% decrease compared to the 1,385 sales in February of last year. Of the 982 total sales, 354 were residential detached homes, 236 were townhouses, and 288 were apartments.
According to President of the Board Darin Germyn,
“With inventory continuing to build, and prices softening across many...
Welcome to February, and here are the January 2019 market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!
According to their latest market update, overall inventory levels continued to recover as market activity remained moderate through January.
President of the Board, John Barbisan notes,
“This remains a challenging environment for buyers and sellers alike. Factors such as reduced buying power, changing expectations for pricing, and a recovering inventory are all having an impact.”
However, he has also pointed out that January months have historically started slowly, and the start of 2019 has been no exception. He also adds,
“Pricing for each of our major residential property types remains either stable or decreased in most areas. This isn’t necessarily...
It’s that time of the month again, and here are the December 2018 market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!
In their most recent press release, the FVREB has noted that the Fraser Valley housing market in general has seen a slowdown in 2018. According to the report, after three consecutive years of total annual sales surpassing 20,000 units, 2018 saw the Fraser Valley real estate market return to more typical levels for both sales and inventory.
2018 also saw the fourth highest total for new inventory in the board’s history, with 32,058 new listings received by the Board’s MLS system. For the month of December, inventory was at 5,454, with 978 new listings entering the market throughout the month.
As for monthly sales, the board processed...
Here are the November 2018 market updates for areas covered by the Fraser Valley Real Estate Board (FVREB)!
According to their latest press release, the Fraser Valley market has remained quiet in November. Though it’s been continuing at a slower pace and dropping compared to all-time highs in 2017, sales and inventory levels for the month were on par with historical averages for this time of year.
As noted by FVREB President John Barbisan,
“Lessening demand continues to impact our market significantly. In turn, that has given purchasing power back to buyers who now have more time and more options when it comes to making a decision.”
November finished with 7,355 listings in its active inventory. This is a 5% month-over-month decrease, and a year-over-year increase of 43.4%....
After sales have reportedly hit their lowest point last September, the Fraser Valley Real Estate Board (FVREB) has announced on their latest press release that they are seeing a slight improvement to overall home sales within the FVREB.
Of the 1,155 sales, 438 were residential detached homes, 306 were townhouses, and 292 were apartments.
According to Board President John Barbisan,
“While slight, this is the first time since May that sales here have been on the upswing. We’re beneath typical activity levels for this time of year but it’s good to see that buyers and sellers are still finding success this season. We’re in a much better spot in terms of overall inventory compared to this time last year, and now closer to a more balanced market. Attached inventory in particular has seen notable...
For those keeping tabs on market trends within areas covered by the Fraser Valley Real Estate Board (FVREB), here are the latest updates!
From the looks of it, the FVREB is continuing to experience slowness with sales. Housing supplies remain high, as buyers have remained hesitant throughout the month of September.
According to their most recent press release, the FVREB experienced a 36.1% decrease in September sales, processing only 1,035 transactions across all property types. This is in comparison with the 1,619 transactions that were processed in September 2017.
Meanwhile housing supply is at its highest since July 2015, with 7,647 listings.
FVREB Board President John Barbisan notes,
“Buyers remain reluctant as the market continues to adjust. We’re seeing good things happening...
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