Category Archives: Market Updates

April, 2014: Lower Mainland Real Estate Market Update

News Release: May 2, 2014 BALANCED MARKET CONDITIONS IN THE FRASER VALLEY (Surrey, BC) – The growth in sales on Fraser Valley’s Multiple Listing Service (MLS®) outpaced the growth in new inventory in April, propelling the market into solid balanced conditions. In April, the Fraser Valley Real Estate Board’s total sales volume increased by 8 […]

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March, 2014: Lower Mainland Real Estate Market Update

BUYERS SEE VALUE IN SINGLE FAMILY DETACHED HOMES IN THE FRASER VALLEY (Surrey, BC) – In March, the Fraser Valley Real Estate Board (FVREB) processed 1,259 sales on its Multiple Listing Service® (MLS®), an increase of 12 per cent compared to the 1,128 sales during March of last year, and a 14 per cent increase […]

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February 2014: Lower Mainland Real Estate Market Update

FRASER VALLEY MARKET SHOWING SIGNS OF SPRING (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 1,102 sales in February, an increase of 43 per cent over January’s sales and an increase of 21 per cent over the 913 sales during February of last year. Ray Werger, President of the […]

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January, 2014: Lower Mainland Real Estate Market Update

NEW YEAR WELCOMES INCREASE IN SALES AND NEW LISTINGS IN FRASER VALLEY (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded higher activity in January compared to one year ago with an increase in sales and a slight increase in new listings. The Board processed 772 sales on the MLS® […]

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December, 2013: Lower Mainland Real Estate Market Update

FRASER VALLEY’S HOUSING MARKET QUIET, YET STABLE IN 2013 (Surrey, BC) – Neither predictions of a huge crash or notable recovery came to pass in 2013 as Fraser Valley’s real estate market stayed slow and steady, similar to 2012’s market. Fraser Valley’s total sales volume last year was 13,663 a decrease of 1.5 per cent […]

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November, 2013: Lower Mainland Real Estate Market Update

FRASER VALLEY’S HOUSING MARKET COOLS IN NOVEMBER (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 986 property sales in November, an increase of 9 per cent compared to the 905 sales during the same month last year, however a decrease of 21 per cent compared to October’s 1,249 sales. […]

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October, 2013: Lower Mainland Real Estate Market Update

FRASER VALLEY HOME SALES IN OCTOBER CONSISTENT WITH 10-YEAR AVERAGE (Surrey, BC) – An increase in sales and a decrease in new listings last month resulted in Fraser Valley’s real estate market returning to typical activity levels for October – on par with that month’s 10-year average. The Fraser Valley Real Estate Board posted 1,249 […]

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September, 2013: Lower Mainland Real Estate Market Update

SEPTEMBER HOUSING MARKET SHOWS MARKED IMPROVEMENT OVER LAST YEAR’S HISTORICAL LOWS (Surrey, BC) – The Fraser Valley real estate market continues to edge closer to typical activity levels as September saw the largest year-over-year increase in property sales this year to date. The Fraser Valley Real Estate Board processed 1,131 sales on its Multiple Listing […]

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August, 2013: Lower Mainland Real Estate Market Update

CONTINUED IMPROVEMENT IN FRASER VALLEY’S HOUSING MARKET (Surrey, BC) – Buyers and sellers continued to show greater confidence in the market last month as home sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) edged closer to typical levels. The Board processed 1,258 sales in August, an increase of 17 per cent […]

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July, 2013: Lower Mainland Real Estate Market Update

FRASER VALLEY HOUSING MARKET GETS ITS GROOVE BACK (Surrey, BC) – Buyers and sellers in the Fraser Valley took advantage of the record breaking hours of sunshine in July as both sales and listings on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) experienced a noticeable lift. The Board processed 1,456 sales in […]

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June, 2013: Lower Mainland Real Estate Market Update

PROPERTY SALES IN THE FRASER VALLEY REMAIN STATIC WITH LOCALIZED BRIGHT SPOTS (Surrey, BC) – Property sales in the Fraser Valley were 9 per cent lower in June compared to last year – 1,327 compared to 1,463 in June 2012 – remaining significantly below 10 and 20 year averages. However, data from the Fraser Valley […]

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May, 2013: Lower Mainland Real Estate Market Update

  PRICES CONTINUE TO HOLD THEIR OWN IN TRANSITIONING HOUSING MARKET (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,379 sales in May, a decrease of 15 per cent compared to the 1,616 sales in May of last year and 1 per cent more than were processed in April. […]

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April, 2013: Lower Mainland Real Estate Market Update

The latest Statistics Package is now available on REALTOR Link®. For your convenience the press release has been included in this email. To view the full package, please click on the direct link under the release. The link takes you to our public website at www.fvreb.bc.ca. A reminder to members that you can easily share any […]

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March, 2013: Lower Mainland Real Estate Market Update

LOWER INVENTORY KEEPS HOME PRICES IN CHECK AS ‘SLOW BUT STEADY’ MARKET CONTINUES (Surrey, BC) – In March, the Fraser Valley Real Estate Board processed 1,128 sales on its Multiple Listing Service® (MLS®), a 20 per cent decrease compared to the 1,412 sales during the same month last year, and a 24 per cent increase […]

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February, 2013: Lower Mainland Real Estate Market Update

POSITIVE SIGNS FRASER VALLEY HOUSING MARKET IS STARTING TO MOVE (Surrey, BC) – Sales on Fraser Valley’s Multiple Listing Service® (MLS®) in February experienced a typical ‘early spring’ surge, increasing by 48 per cent in one month going from 617 sales in January to 913 last month. However year-over-year, they reflect a decrease of 28 […]

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