Fraser Valley Market Report Infographics

INFOGRAPHICS: April 2022 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Fraser Valley sales dip below 10-year average for first time in nearly two years

Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June 2020.

In April, the Fraser Valley Real Estate Board (FVREB) processed 1,637 sales on its Multiple Listing Service® (MLS®), a decrease of 45.7 per cent compared to April 2021 and a 36.6 per cent decrease compared to March.

“We would typically see a flurry of activity around this time of the year,” said, FVREB President, Sandra Benz, “however that’s not been the case so far. While it’s still too early to say whether this trend will endure, the slowing of sales combined with an increase in active listings is helping to restore a semblance of balance to the market, which is encouraging for homebuyers.”

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Thursday, May 5, 2022 3:42:51 PM UTC

INFOGRAPHICS: March 2022 FVREB Fraser Valley, South Surrey, Etc. Market Reports

March sees large number of listings hit the market

Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.

The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, and an increase of 14.6 per cent compared to February of last year. The previous highest February for new listings was 3,283 in 2016.

The FVREB processed a total of 1,824 sales of all property types on its Multiple Listing Service® (MLS®) in February 2022, a decrease of 35.2 per cent compared to February 2021, and 39.2 per cent higher compared to January 2022. Sales remain strong at 18 per cent above the 10-year average.

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Tuesday, April 5, 2022 5:36:56 PM UTC

INFOGRAPHICS: February 2022 FVREB Fraser Valley, South Surrey, Etc. Market Reports

FVREB posts record volume of new listings in February

Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.

The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, and an increase of 14.6 per cent compared to February of last year. The previous highest February for new listings was 3,283 in 2016.

The FVREB processed a total of 1,824 sales of all property types on its Multiple Listing Service® (MLS®) in February 2022, a decrease of 35.2 per cent compared to February 2021, and 39.2 per cent higher compared to January 2022. Sales remain strong at 18 per cent above the 10-year average.

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Friday, March 4, 2022 8:14:36 PM UTC

INFOGRAPHICS: January 2022 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Glimmer of hope for Fraser Valley home buyers as new listings surge in January

On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared to December while the volume of new listings improved significantly.

The Fraser Valley Real Estate Board processed a total of 1,310 sales of all property types on its Multiple Listing Service® (MLS®) in January 2022, a decrease of 23.7 per cent compared to January 2021, and 27.5 per cent lower compared to December 2021.

The Board received 2,135 new listings in January, an increase of 67.1 per cent compared to December 2021, and a decrease of 23.3 per cent compared to January of last year. Total active listings for the month were 2,332, down 44.6 per cent compared to January 2021, however an increase of 19.2 per cent compared to December 2021.

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Friday, February 4, 2022 4:18:01 PM UTC

INFOGRAPHICS: December 2021 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Fraser Valley real estate market sees busiest year in 100‐year history

Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016.

The FVREB processed 27,692 sales its Multiple Listing Service® (MLS®) in 2021, an increase of 39.0 per cent compared 19,926 sales in 2020; and 15.5 per cent higher than 2016’s 23,974 sales.

Larry Anderson, President of the Board, said, “No one could have predicted how the pandemic would impact the real estate market. Our region’s relative affordability, combined with a newfound ability to work from home and the value for housing dollar in the Fraser Valley attracted buyers in numbers like we’ve never seen.

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Monday, January 10, 2022 8:01:14 PM UTC

INFOGRAPHICS: November 2021 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Fraser Valley home sales continued to soar in November further depleting supply

Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020.

In November, the FVREB processed 1,972 sales of all property types on its Multiple Listing Service® (MLS®), a decrease of 9.2 per cent compared to the 2,173 sales in November of last year, and a 1.8 per cent increase month-over-month compared to the 1,938 sales in October.

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Monday, December 6, 2021 10:23:11 PM UTC

INFOGRAPHICS: October 2021 FVREB Fraser Valley, South Surrey, Etc. Market Reports

LS® sales in the Fraser Valley remained strong in October while supply continued to diminish

Demand for Fraser Valley real estate remained solid in October with overall sales the third highest on record.

The Board processed a total of 1,938 property sales on its Multiple Listing Service® (MLS®) in October, an increase of 3.9 per cent compared to September and a decrease of 18.2 per cent compared to the same month last year.

Larry Anderson, President of the Board, said, “What we’re seeing is a combination of above‐average sales with below‐average new listings which is placing strong upward pressure on home prices, for all residential categories, month‐over‐month.

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view!

Wednesday, November 3, 2021 5:07:11 PM UTC

INFOGRAPHICS: September 2021 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Positive start to fall market; new listings increase, sales soften

Demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second‐highest levels for the month of September in the 100‐year history of the Board.

The Board processed a total of 1,866 property sales on its Multiple Listing Service® (MLS®) in September, a decrease of 10.6% compared to August and a 16.4% decrease compared to the same month last year.

Larry Anderson, President of the Board, said, “While we’ve seen a solid increase in new listings compared to August, market conditions continue to be challenging for buyers. Considering the demand across the region, the increase is simply not enough to bolster the inventory required to create greater balance in the market.

https://youtu.be/D_Bl1v2waDA

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view! (Protip: Make sure to grab the printable PDF version, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

Saturday, October 9, 2021 7:33:27 PM UTC

INFOGRAPHICS: August 2021 FVREB Fraser Valley, South Surrey, Etc. Market Reports

A market of extremes: near record sales in August combined with lowest supply in four decades

Demand for Fraser Valley real estate remained elevated in August reaching the second highest sales ever for the month against a backdrop of decreasing supply.

The Board processed a total of 2,087 property sales on its Multiple Listing Service® (MLS®) in August, an increase of 4.0% compared to July and a 2.4% increase compared to the same month last year. Sales remained unusually high for the month; second only to August of 2005.

Larry Anderson, President of the Board, said, “Home buyers are facing one of the worst supply shortages in Fraser Valley history. Our sales are over 30% above normal, while our housing stock is at levels last seen in the early 80s.”

https://youtu.be/ZN3a5tGz_Nc

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view! (Protip: Make sure to grab the printable PDF version, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

Saturday, September 11, 2021 11:07:37 AM UTC

INFOGRAPHICS: July 2021 FVREB Fraser Valley, South Surrey, Etc. Market Reports

Fraser Valley home sales remained steady in July; lowest supply in forty years

Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.

The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, a decrease of 11 % compared to June and a 4.5% decrease compared to the same month last year. Sales continued to remain above normal for July – 15% above the ten-year average.

https://youtu.be/6_23GdTJh1o

These infographics cover current trends in Fraser Valley neighbourhoods that are within the FVREB. Click on the images for a larger view! (Protip: Make sure to grab the printable PDF version, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )