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Statistics package with the release, charts and graphs:

March 5th, 2019
Statistics package with the release, charts and graphs:
http://www.fvreb.bc.ca/statistics/Package201902.pdf

For more information contact Ben Gauer at 604-581-3838

Median home prices for both luxury houses and condominiums dip after sustained low sales activity

February 22nd, 2019

In the twelve-month period ending January 31, 2019, the median price of a luxury house in Greater Vancouver decreased 1.7 per cent year-over-year to $5,751,928, while the median price of a luxury condominium decreased 0.6 per cent to $2,680,064. Despite ongoing year-over-year low sales volume, luxury home prices were steady leading up to September 2018. In the last four months of 2018 and int ...

Inventory rises and apartment sales take lead during modest January market

February 5th, 2019

Overall inventory levels continued to recover as market activity remained moderate through January.

The Fraser Valley Real Estate Board processed 784 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 2 per cent decrease compared to sales in December 2018, and a 35.2 per cent decrease compared to the 1,210 sales in January of last year.

Of the 784 total sales, ...

Fraser Valley housing market slows down in 2018

January 3rd, 2019

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 ...

TransLink reveals new plans for proposed Surrey-Langley SkyTrain

December 12th, 2018
No cost estimates, but the Fraser Highway line is expected to open by 2025

Despite concerns over delayed construction after Metro Vancouver mayors’ opted for SkyTrain over light rail, TransLink plans show the agency intends to finish its South of the Fraser rail plans just one year behind schedule.

TransLink and the Mayors’ Council on Regional Transportation had long planned for light rail ...

Fraser Valley market stays quiet through November

December 4th, 2018

Despite November’s market continuing at a slower pace and dropping compared to all-time highs in 2017, sales and inventory levels for the month were on par with historical averages for this time of year.

The Fraser Valley Real Estate Board processed 1,028 sales of all property types on its Multiple Listing Service® (MLS®) in November, a decrease of 41 per cent compared to the 1,743 sales in ...

October brings slight bump to sales for Fraser Valley

November 4th, 2018

The Fraser Valley housing market saw slight increases in both total transactions and overall inventory this month after sales hit their lowest point for the year in September.

The Fraser Valley Real Estate Board processed 1,155 sales of all property types on its Multiple Listing Service® (MLS®) in October, a decrease of 35.8 per cent compared to the 1,779 sales in October of last year, and a ...

Housing supply ample as buyers remain hesitant in September

October 4th, 2018

The slowing of sales activity and expansion of overall inventory that has defined much of 2018 for the Fraser Valley housing market continued in September, with sales at their lowest point and inventory at its highest for the year.

The Fraser Valley Real Estate Board processed 1,035 sales of all property types on its Multiple Listing Service® (MLS®) in September, a decrease of 36.1 per cent ...

Inventory builds as summer slowdown hits

August 2nd, 2018

Overall housing supply continued to grow in July as sales dropped to their lowest point this year since January.

The Fraser Valley Real Estate Board processed 1,290 sales of all property types on its Multiple Listing Service® (MLS®) in July, a decrease of 33.4 per cent compared to the 1,937 sales in July of last year, and a 11.2 per cent decrease compared to the 1,452 sales in June 2018.

Of ...

Inventory continues to climb in Fraser Valley as sales simmer

July 4th, 2018

The Fraser Valley housing market kicked-off summer with a further increase to overall inventory and a downturn in sales across all major residential property types.

The Fraser Valley Real Estate Board processed 1,452 sales of all property types on its Multiple Listing Service® (MLS®) in June, a decrease of 43.5 per cent compared to the 2,571 sales in June of last year, and a 17.4 per cent de ...

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