Market Stats - May 2023: Delayed spring activity boosts supply of property listings in the Fraser Valley
June 7th, 2023, Randy Friesen
Posted in Market Stats ,
SURREY, BC – The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April.
At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.
“Typically we would see an influx of inventory ear ...
Market Stats - April 2023: Spring sales hold steady in Fraser Valley real estate market
May 9th, 2023, Randy Friesen
Posted in Market Stats ,
SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.
In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® (MLS®), virtually unchanged compared to March and a slight decrease of 5.1 per cent compared to Apr ...
Market Stats - March 2023: Momentum continues to build in the Fraser Valley real estate market
April 17th, 2023, Randy Friesen
Posted in Market Stats ,
SURREY, BC – March 2023 saw the second consecutive month of growth in sales in the Fraser Valley, and although still below seasonal norms, the trend is an encouraging sign that the region continues to head towards increased market stability.
At 1,550, property sales posted on the FVREB’s Multiple Listings Service (MLS®) were 72.6 per cent higher than sales recorded last month. Although 39.9 ...
Market Stats - February 2023: Signs of stability in Fraser Valley create opportunities for home buyers and sellers
March 8th, 2023, Randy Friesen
Posted in Market Stats ,
SURREY, BC – House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October
The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing Service® in February, an increase of 43.5 per cent ...
Market Stats - January 2023: Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years
February 2nd, 2023, Randy Friesen
Posted in Market Stats ,
SURREY, BC – The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined.
With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and down by 52.2 per cent compared to this time last year. The last time January sales were this low was in 2013 at 617 sales.
“Buyers are understandab ...
Market Stats - December 2022: Fraser Valley real estate market 2022 – highs, lows, and a return to balance
January 9th, 2023, Randy Friesen
Posted in Market Stats ,
SURREY, BC – In a year that saw prices peak early on, feeding off the momentum of record-breaking sales in 2021, the Fraser Valley real estate market came back down to earth by the close of 2022, due largely to interest rate increases designed to stave off inflation.
The Fraser Valley Real Estate Board (FVREB) processed 716 sales on its Multiple Listing Service® (MLS®) in December 2022, down ...
Market Stats - November 2022: New listings lag as Fraser Valley real estate market sees third month of declining sales
December 8th, 2022, Randy Friesen
Posted in Market Stats ,
SURREY, BC – With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season. Despite the market slowdown, opportunities are available, as evidenced by brisk turnover time frames.
In November, the Fraser Valley Real Estate Board (FVREB) processed 839 sales on its Mu ...
Market Stats - October 2022: Housing prices remain soft, sales flat, throughout the Fraser Valley
November 8th, 2022, Randy Friesen
Posted in Market Stats ,
SURREY, BC – Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.
In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease compared to this time last year.
The Boar ...
Market Stats - September 2022: Fraser Valley real estate market continues to stabilize heading into fall season
October 5th, 2022, Randy Friesen
Posted in Market Stats ,
SURREY, BC – Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market.
In September, the Fraser Valley Real Estate Board (FVREB) processed 897 sales on its Multiple Listing Service® (MLS®), a decrease of 11.8 per cent compared to last month and a 51.9 per cent decrease compared to this time last year.
The Boa ...
Market Stats - August 2022: Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises
September 9th, 2022, Randy Friesen
Posted in Market Stats ,
SURREY, BC – Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year.
In August, the Fraser Valley Real Estate Board (FVREB) processed 1,017 sales on its Mult ...