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BC Home Sales Pulled Lower by Vancouver/Fraser Valley

December 13th, 2012

BC Home Sales Pulled Lower by Vancouver/Fraser Valley

Vancouver, BC – December 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 24.6 per cent to $2.3 billion in November compared to the same month last year. A total of 4,680 MLS® residential unit sales were recorded over ...

FVREB Market Stats & Trends - June 2012

July 4th, 2012

News Release: July 4, 2012

FRASER VALLEY’S HOUSING MARKET ‘STEADY AS SHE GOES’

(Surrey, BC) – For the fifth consecutive month, the ratio of property sales in the Fraser Valley compared to the number of listings on the market has remained stable. In June, it was 14 per cent – the same as it was in February and April of this year. In March and May of 2012, it was 15 per cent.

Scott Olson, Pr ...

FVREB Market Stats & Trends - Dec. 2011

January 4th, 2012

2011 REAL ESTATE MARKET SHOWCASES REGIONAL VARIATION

(Surrey, BC) – Overall, Fraser Valley’s real estate market in 2011 was below the 10-year average in property sales and above average in the number of new listings received, however, according to the president of the Fraser Valley Real Estate Board, results varied widely depending on the community and property type.

Sukh Sidhu observes, “I ...

Housing evolution driving average price appreciation in Canada’s major centres, says RE/MAX

November 9th, 2011

Kelowna, BC (November 7, 2011) -- Billions spent in new construction, renovation, and infill over the past decade have contributed to a serious upswing in the calibre of Canada’s housing stock, propping up residential average price in the country’s major centres, according to a report released today by RE/MAX.   
 
Since 2000, the value of a Canadian home has doubled, rising from $163 ...

FVREB Market Stats & Trends - July 2011

August 4th, 2011

HOME SALES TAKE SUMMER DIP; PRICES REMAIN STABLE IN THE FRASER VALLEY

(Surrey, BC) – The Fraser Valley Real Estate Board processed 1,322 sales on the Multiple Listing Service® (MLS®) in July, an increase of 20 per cent compared to the 1,101 sales during the same month last year, however 17 per cent fewer than the 1,588 sales in June.

While sales decreased month-over-month, listings went up. ...

APRIL HOME SALES RETURN TO BALANCE IN FRASER VALLEY

May 3rd, 2011

(Surrey, BC) – The Fraser Valley Real Estate Board processed 1,516 property sales on its Multiple Listing Service (MLS®) in April, a decrease of 15 per cent compared to 1,793 sold during April of last year, and a decrease of 17 per cent compared to March’s 1,818 sales. 

Sukh Sidhu, president of the Board, explains, “April’s sales are pretty typical for that month over the last two decades with ...

Two Speed Market Continues for BC Home Sales

April 19th, 2011

Vancouver, BC – April 18, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province continued to climb higher in March. Compared to March of 2010, MLS® residential unit sales increased 11.5 per cent to 8,600 units. The average MLS® residential price rose 15 per cent to $594,157 in March compared to the same month ...

March home sale activity reaches 5-year high in Fraser Valley

April 12th, 2011

(Surrey, BC) – Last month, Fraser Valley REALTORS® experienced their busiest March in terms of sales on the Multiple Listing Service®, since 2006.

The Fraser Valley Real Estate Board processed 1,818 property sales in March, an increase of 16 per cent compared to 1,565 sold during March of last year, and an increase of 42 per cent compared to February’s 1,279 sales. In March of 2006, there we ...

Vancouver Leads BC Housing Markets

March 14th, 2011

Vancouver, BC – March 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 5 per cent in February from January 2011, on a seasonally adjusted basis. Compared to February of 2010, MLS® residential unit sales increased 8 per cent to 6,410 units. The average MLS® residential price rose 18 per cent t ...

Early Spring Surge in Sales & New Listings in Fraser Valley

March 2nd, 2011

(Surrey, BC) – The Fraser Valley Real Estate Board processed 1,279 sales on the Multiple Listing Service® (MLS®) in February, an increase of six per cent compared with 1,204 sold during February 2010, and 53 per cent more than the 834 listings that sold last month. 

Sukh Sidhu, Board president, confirms the market is more active earlier than expected. “Fraser Valley REALTORS® are busy. We sold ...

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