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Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises
September 2, 2022
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 ...
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ales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market
August 5, 2022
SURREY, BC – The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control. In July, the Fraser Valley Real Estate Board (FVREB) processed 993 sales on its Multiple Listing Service® (MLS®), ...
Continue ReadingFraser Valley housing market continues to cool amid slower sales, softer prices
July 7, 2022
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 ...
Continue ReadingHome prices soften as Fraser Valley housing market cools amid lower sales and higher inventory
June 2, 2022
SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period. Sales of all property types in May were 1,360, down 16.9 per cent from April’s 1,637; and ...
Continue ReadingFraser Valley sales dip below 10-year average for first time in nearly two years
May 6, 2022
SURREY, BC – Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ...
Continue ReadingShould You Worry about Competing Listings?
April 26, 2022
Imagine you’ve been waiting for the right moment to sell your home and you’re finally ready to pull the trigger and list it. But, just as you’re about to put up the sign, you notice that a few other FOR SALE signs have unexpectedly popped up in the neighbourhood. Oh ...
Continue ReadingContinued growth in new listings a hopeful sign for home buyers in the Fraser Valley
April 5, 2022
SURREY, BC – For the third consecutive month, new listings in the Fraser Valley continued to climb in March giving buyers more to choose from, helping to increase overall active inventory to levels not seen since last July. Property sales remain robust, as Benchmark prices, the price of a ‘typical’ ...
Continue ReadingFVREB posts record volume of new listings in February
March 2, 2022
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 ...
Continue ReadingGlimmer of hope for Fraser Valley home buyers as new listings surge in January
February 3, 2022
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. ...
Continue ReadingFraser Valley real estate market sees busiest year in 100-year history
January 5, 2022
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 ...
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