{"id":14947,"date":"2020-07-06T10:27:20","date_gmt":"2020-07-06T17:27:20","guid":{"rendered":"https:\/\/www.vancouvernewcondos.com\/?p=14947"},"modified":"2020-07-06T10:27:20","modified_gmt":"2020-07-06T17:27:20","slug":"june-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs","status":"publish","type":"post","link":"https:\/\/www.vancouvernewcondos.com\/june-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\/","title":{"rendered":"June 2020 Fraser Valley Real Estate Board Statistics Package with Charts &#038; Graphs"},"content":{"rendered":"<p><iframe loading=\"lazy\" style=\"border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;\" src=\"\/\/www.slideshare.net\/slideshow\/embed_code\/key\/4vUpR6tFYfO2IQ\" width=\"768\" height=\"714\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span> <\/iframe><\/p>\n<h1 class=\"header4\">Property sales in the Fraser Valley more than double in one month as buyers return to the market<\/h1>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\"><\/div>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>SURREY, BC \u2013 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.<\/p>\n<p>The Fraser Valley Real Estate Board (FVREB) processed a total of 1,718 sales on its Multiple Listing Service\u00ae (MLS\u00ae) 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\u2019s sales were 6.4 per cent below the ten\u2010year average for June.<\/p>\n<p>Chris Shields, President of the Board, observes, \u201cWe\u2019re cautiously optimistic. June\u2019s numbers clearly indicate that the market is functioning in this challenging new environment and we\u2019re returning to more typical activity levels.\u201d<\/p>\n<p>\u201cIt\u2019s due to a combination of factors. Obviously, very low interest rates, pent\u2010up demand from the previous three months when the market was on hold, and the new CMHC rules that came into effect on July 1st making it harder to qualify for mortgage insurance. Also, consumers have told us that they respect and appreciate the safety protocols and use of technology we\u2019ve implemented and they\u2019re getting more comfortable with the new buying and selling process.\u201d<\/p>\n<p>The Fraser Valley Board received 3,456 new listings in June, a 57 per cent increase compared to May\u2019s intake of 2,207 new listings and a 23 per cent increase compared to June of last year. June finished with 7,063 active listings, an increase of 9 per cent compared to May\u2019s inventory and a decrease of 17 per cent year\u2010over\u2010year.<\/p>\n<p>Shields adds, \u201cWe can\u2019t predict how our market will continue to respond during COVID, but what we do know is that historically, over 80 per cent of Fraser Valley buyers move within our region and half purchase within their own community. People buy and sell for lifestyle reasons and currently, even during this uncertain time, conditions are favourable. The market is balanced, inventory is growing, and prices remain stable.\u201d<\/p>\n<p>In June, the average number of days to sell an apartment was 37; 30 for townhomes and 31 for single family detached<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>MLS\u00ae HPI Benchmark Price Activity<\/p>\n<ul>\n<li><strong><strong>Single Family Detached:<\/strong><\/strong>At $994,500, the Benchmark price for a single\u2010family detached home in the Fraser Valley increased 0.4 per cent compared to May and, increased 3.6 per cent compared to June 2019<\/li>\n<li><strong>Townhomes: <\/strong>At $559,600, the Benchmark price for a townhome in the Fraser Valley increased 0.8 per cent compared to May and increased 1.9 per cent compared to June 2019.<\/li>\n<li><strong>Apartments:<\/strong> At $435,300, the Benchmark price for apartments\/condos in the Fraser Valley increased 0.4 per cent compared to May and increased 3.3 per cent compared to June 2019.<\/li>\n<\/ul>\n<div class=\"text parbase\">\n<div class=\"section-title\">\n<div>\n<h5 class=\"header4\">*Editor&#8217;s note<\/h5>\n<\/div>\n<\/div>\n<div class=\"text parbase\">\n<p>1. Areas covered by the Fraser Valley Real Estate Board include: White Rock, Abbotsford, Mission, Langley, Delta-North &amp; the City of Surrey &#8211; North Surrey, Central Surrey, Cloverdale and South Surrey.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff Property sales in the Fraser Valley more than double in one month as buyers return to the market SURREY, BC \u2013 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&#8230;<\/p>\n","protected":false},"author":33,"featured_media":14948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[4018],"tags":[4021,4543,4023,2487,2500,2488,2501,4540,2502,2493,4020,4022],"taxonomy_info":{"category":[{"value":4018,"label":"Fraser Valley Real Estate Board (FVREB) Monthly Sales Statistics"}],"post_tag":[{"value":4021,"label":"Fraser Valley Housing Market Stats"},{"value":4543,"label":"Fraser Valley June 2020 Housing Market"},{"value":4023,"label":"fvreb 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