Newsletter

Fraser Valley Real Estate Board

The Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a pandemic.

The Fraser Valley Real Estate Board (FVREB) processed a total of 1,718 sales on its Multiple Listing Service® (MLS®) in June, an increase of 113 per cent compared to sales in May and a increase of 32 per cent compared to the 1,306 sales during June of last year. Last month’s sales were 6.4 per cent below the ten‐year average for June.

Chris Shields, President of the Board, observes, “We’re cautiously optimistic. June’s numbers clearly indicate that the
market is functioning in this challenging new environment and we’re returning to more typical activity levels.”

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Fraser Valley Real Estate Board

Fraser Valley real estate market contracts and adapts in response to public health measures to mitigate COVID‐19

As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley history.

The Fraser Valley Real Estate Board (FVREB) processed a total of 688 sales on its Multiple Listing Service® (MLS®) in April, a decrease of 52 per cent compared to sales in March and a decrease of 50 per cent compared to April of last year. According to FVREB historical data, last month’s sales were on par with April sales in 1983 through to 1985; and new listings are in line with numbers last seen in April 1981.

Chris Shields, President of the Board, observes, “Even though March’s initial numbers promised a banner spring, we expected the market to respond this way in April. Both sales and listings contracted in tandem as we all moved swiftly to embrace the measures necessary to respond to this global pandemic. Given that the volume of new listings coming on stream fell even faster than sales in April, the market remains stable.”

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Fraser Valley Real Estate Board

March sales and new listing data show preliminary impact of
COVID‐19 on Fraser Valley housing market

The most up to date Multiple Listing Service® (MLS®) data from the Fraser Valley Real Estate Board (FVREB) indicates COVID‐19 has put the market on pause, as REALTORS® and the public adhere to health authority rules and government guidelines on the pandemic.

By the end of March, the FVREB processed a total of 1,441 sales on its MLS®, a 7 per cent increase compared to sales in February 2020, and an 18 per cent increase compared to the 1,221 sales in March 2019. During the first seven business days of the month, property sales were tracking 60 per cent higher compared to the same period in March of last year, however finished significantly lower.

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Congratulations to my wonderful clients Patricia & Kerry on the sale of their property!

 

I thoroughly enjoyed working with you two and hope our paths cross again in the future!

The satisfaction of my clients is, to this day, my greatest achievement, so I sincerely appreciate your kind words:

Susanne is not only a great realtor, but an even more amazing person at heart. She has all the qualities one could hope for and so much more. She is honest, friendly and forthright, an incredibly hard worker, one who will devote her time and positive energy for the best possible results. Susanne sold our small acreage for exactly the amount we had agreed on, and in a reasonable length of time.
– Patricia Tyler and Kerry Pruden

TWO HOMES ON A LOVELY 1.5 ACRE PROPERTY

$1,249,000

3 Bedrooms 2 Bathrooms 2,108 Sq Ft

VIEW LISTING

Roughly 32,000 Canadians mark ‘bittersweet’ Remembrance Day in chilly national capital

Canadian leaders and packed crowds gathered at the National War Memorial in Ottawa on Monday morning to remember those who have died for this country.

The commemorations began with the traditional Remembrance Day veterans’ march through the streets on a chilly sub-zero morning in the capital. A spokesperson for the Royal Canadian Legion said the crowd size estimates they have received suggest roughly 32,000 people braved the cold and wind to show their respects.

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25 Ways to Decorate Your Home for Thanksgiving

1. Decorate Your Home for Thanksgiving

Thanksgiving is more than a heavily laden table; it’s a feeling of gratitude and appreciation that should spread through your entire home. When this autumn holiday rolls around this year, take a bit of time to decorate your home — both inside and out — to reflect the beauty and the spirit of thanks.

2. DIY Log Tea Light Centerpiece

Crackling firewarm color, and natural materials are just a few of the joys of the autumn season. Combine all of those factors into one delightful DIY Thanksgiving centerpiece or mantel decoration with this easy log tea light candle holder. You’ll find all the details at Jenna Burger Design.

3. Thanksgiving Garland

Don’t limit this glorious Thanksgiving garland to your mantel; you can also wind it around your staircase banister, hang it over a curtain rod, or drape it around your buffet. Each paper leaf is attached with a clothespin, making it simple for guests to remove a leaf, write what they are most thankful for, and then reattach the leaf to the garland. What a wonderful idea from Tatertots & Jello.

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I have a $400 VISA Gift Card for you!

Do you know someone that is thinking of either buying or selling an acreage property?  If you do, I would love to help them with that process!  If you refer that person to me and the referral results in a firm sale or purchase, then I will gift you a $400 Visa Gift Card as a way of thanking you for referring them to me!  

Fraser Valley housing market slows down in 2018

SURREY, BC – 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.

The Board’s Multiple Listing Service® (MLS®) processed 15,586 sales in 2018, a 30.2 per cent decrease compared to 2017’s 22,338 sales and the lowest total sales for the Fraser Valley since 2013. The total dollar volume of MLS® transactions for the year was $11.8 billion, dropping from $15.7 billion sold during the year prior.

Of the total transactions that took place in 2018, 3,866 were townhouses and 4,296 were apartments. Each of those property types saw a significant decrease in sales compared to 2017, with total townhouse sales dropping 25.6 per cent year-over-year and apartments dropping 30.5 per cent.

“In terms of demand, this is around what we’re used to seeing for our region,” said John Barbisan, President of the Board. “There is still a great deal of interest for Fraser Valley real estate, but with prices moving slowly and more inventory becoming available, many consumers are taking a deliberate approach now that they can afford to.”

For inventory, a total of 32,058 new listings were received by the Board’s MLS® system in 2018. This was the fourth highest total for new inventory in the Board’s history.

In December the Board processed a total of 800 sales, the lowest for the month since 2012. Inventory in December finished at 5,454 active units, with a total of 978 new listings entering the market throughout the month.

Barbisan adds, “With buyers shifting into the driver’s seat and able to navigate the market more comfortably, it has become key for sellers to price effectively and leverage their home’s appeal to stand out and find success.”

“If you’re looking to enter the market in 2019, buying or selling, contact a local REALTOR® who can help you accomplish your goals in the new year.”

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