{"id":15085,"date":"2020-08-05T14:15:36","date_gmt":"2020-08-05T21:15:36","guid":{"rendered":"https:\/\/www.vancouvernewcondos.com\/?p=15085"},"modified":"2020-09-01T03:49:15","modified_gmt":"2020-09-01T10:49:15","slug":"july-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs","status":"publish","type":"post","link":"https:\/\/www.vancouvernewcondos.com\/july-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\/","title":{"rendered":"July 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\/DAffPlslTtRumJ\" 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><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\">Sales and new listings reach near record-setting numbers in the Fraser Valley<\/h1>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">SURREY, BC \u2013 The Fraser Valley Real Estate Board\u2019s Multiple Listing Service\u00ae (MLS\u00ae) saw the second-highest number of both property sales and new listings ever recorded in July.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">The FVREB processed a total of 2,100 sales in July, an increase of 22.2 per cent compared to sales in June and an increase of 44 per cent compared to the 1,458 sales during July of last year. Last month\u2019s sales were 25.5 per cent above the tenyear average for July and second only to July 2015.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">Chris Shields, President of the Board, observes, \u201cIn the context of the current pandemic environment, our market is significantly ahead of what we anticipated. We\u2019re seeing market conditions representing a seller\u2019s market for townhomes and single-family homes in the Fraser Valley. For example, in North Delta, Cloverdale, Langley, Abbotsford and Mission, for every 100 active detached listings, 40 or more sold in July.\u201d<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\u201cWe attribute it to continued pent-up demand from what would have been a strong spring market for us; and clearly, near record-setting low interest rates. Buyers should take note that in some of our communities, the lack of supply and increase in demand is putting upward pressure on home prices. The average price of a detached home in our region set a record high in July, last set two years ago during the same month.\u201d<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">The Fraser Valley Board received 3,549 new listings in July, a 2.7 per cent increase compared to June\u2019s intake of 3,456 new listings and a 26.9 per cent increase compared to July of last year. July\u2019s new listings were 18.3 per cent above the ten-year average for the month and second only to July 2008. Last month finished with 7,341 active listings, an increase of 3.9 per cent compared to June\u2019s inventory and a decrease of 12 per cent year-over-year.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">Baldev Gill, Chief Executive Officer of the Board, adds, \u201cThe real estate profession has worked hard to make the buying and selling process safe during this pandemic and consumers have responded. Homeownership is a prudent, long-term investment strategy that isn\u2019t as vulnerable to short-term fluctuations, and in this period of economic uncertainty, it\u2019s encouraging to see the strong demand currently for Fraser Valley real estate.\u201d<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div class=\"text parbase\">\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">In July, the average number of days to sell an apartment was 34; 28 for townhomes and 34 for single family detached.<\/div>\n<div>\n<p class=\"p1\">\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/p>\n<\/div>\n<div>MLS\u00ae HPI Benchmark Price Activity<\/div>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li><strong><strong>Single Family Detached: <\/strong><\/strong>At $1,008,000, the Benchmark price for a single-family detached home in the Fraser Valley increased 1.4 per cent compared to June and, increased 5.3 per cent compared to July 2019.<\/li>\n<li><strong>Townhomes: <\/strong>At $563,200, the Benchmark price for a townhome in the Fraser Valley increased 0.6 per cent compared to June and increased 3.3 per cent compared to July 2019.<\/li>\n<li><strong>Apartments:<\/strong> At $437,300, the Benchmark price for apartments\/condos in the Fraser Valley increased 0.5 per cent compared to June and increased 3.8 per cent compared to July 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<hr \/>\n<p>Statistics for Related Areas<\/p>\n<ul>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/july-2020-real-estate-board-of-greater-vancouver-statistics-package-with-charts-graphs\">Vancouver Real Estate Stats <\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/july-2020-victoria-real-estate-board-statistics-package-with-charts-graphs\">Victoria Real Estate Stats <\/a><\/li>\n<\/ul>\n<p>Statistics from Recent Months<\/p>\n<ul>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/june-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\">June 2020 Fraser Valley Real Estate Stats<\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/may-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\">May 2020 Fraser Valley Real Estate Stats<\/a><\/li>\n<li><a href=\"https:\/\/www.vancouvernewcondos.com\/april-2020-fraser-valley-real-estate-board-statistics-package-with-charts-graphs\">April 2020 Fraser Valley Real Estate Stats<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff Sales and new listings reach near record-setting numbers in the Fraser Valley SURREY, BC \u2013 The Fraser Valley Real Estate Board\u2019s Multiple Listing Service\u00ae (MLS\u00ae) saw the second-highest number of both property sales and new listings ever recorded in July. \u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800 The FVREB processed a total of 2,100 sales in July, an increase of&#8230;<\/p>\n","protected":false},"author":33,"featured_media":15086,"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":[4021,4560,4023,2487,2500,2488,2501,4557,2502,2493,4020,4022],"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":4560,"label":"Fraser Valley July 2020 Housing Market"},{"value":4023,"label":"fvreb stats"},{"value":2487,"label":"Home 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