These are the Fraser Valley Real Estate Board (FVREB) Monthly Statistics provided by Vancouver New Condos courtesy of FVREB
Mirroring the weather, Fraser Valley’s hot housing market cooled slightly in June going from a boil to a simmer SURREY, BC – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record….
Near record‐breaking new listings in the Fraser Valley not enough to match insatiable buyer demand SURREY, BC – Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near‐historic levels of new listings in May. In May, the Fraser…
Vancouver Market Update: May Market update April 2021 listings were 342% higher than the same month last year, but there was also a 14% decrease in homes sold from the prior month. When the sales-active listing ratio is below 12%, analysts believe prices will trend downward. When the ratio is above 20%, prices should trend…
Rising Rates Effect On Vancouver Real Estate: March Vancouver real estate listings in February were up 56% from the previous month, which is 73.3% higher than the same time last year. Analysts predict that prices will go down when the sales to active listing ratio goes below 12%. When the ratio is above 20%, it…
Forecast Real estate There are two camps for the 2021 forecast: the bulls and the bears. For the bulls, CREA says we should go up by 9.1%, RE/MAX says 4-6%, and Royal LePage says 5.5%. These estimates are based on different housing trend factors. The bears are pessimistic: RBC and Scotiabank think it will…
Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices SURREY, BC – For the eighth consecutive month, Fraser Valley real estate saw record‐breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has…
Hot Areas to Invest in Vancouver April 8, 2021 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update March 2021 listings were significantly up 126% from the same month last year. The number of transactions last March were super low because of COVID when…
March shatters monthly sales and new listings records in the Fraser Valley SURREY, BC – Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921. In March, the FVREB processed 3,329…
Another month, another record for property sales in the Fraser Valley SURREY, BC – For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at levels never seen before in the 100‐year history of the Fraser Valley Real Estate Board (FVREB). In February, the FVREB processed a total of 2,815 sales…
Hot Areas to Invest in Vancouver February 11, 2021 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update January 2021 listings were up 86% from December, one month prior. This is 15.7% higher than in January 2020, so the year will be busy…
Fraser Valley real estate market full steam ahead in January; another record‐setter for property sales SURREY, BC – In a month that is usually one of the quietest in real estate, Fraser Valley’s market continued at a breakneck pace, producing the strongest January sales on record as well as a modest uptick in new…
Record‐shattering December caps unexpected year in Fraser Valley real estate SURREY, BC – In a year when the real estate market was at a standstill for months due to COVID‐19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10‐year average due to unrelenting, pent‐up consumer demand during the…
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