JUNE 2023 STATISTICAL UPDATE
Posted on Jul 05, 2023
In June, the Fraser Valley Real Estate Board (FVREB) processed 1,935 sales on its Multiple Listing Service® (MLS®), an increase of 51.1 percent compared to June 2022 and a 13.1 percent increase compared to May.
“As seen in recent months, prices continue to trend upward, with lack of supply and high demand for housing,“ said Narinder Bains, Chair of...
MAY 2023 STATISTICAL UPDATE
Posted on Jun 02, 2023
The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 percent over April.
At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 percent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.
“Typically we would see...
APRIL 2023 STATISTICAL UPDATE
Posted on May 02, 2023
In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® (MLS®), virtually unchanged compared to March and a slight decrease of 5.1 percent compared to April 2022.
“Buyers are continuing to find opportunities in the Fraser Valley, even in the face of lower inventories,” said Narinder Bains, Chair o...
MARCH 2023 STATISTICAL UPDATE
Posted on Apr 04, 2023
At 1,550, property sales posted on the FVREB’s Multiple Listings Service (MLS®) were 72.6 percent higher than sales recorded last month. Although 39.9 percent lower than a year ago and nearly 25 percent below the ten-year average, it marks the first time since August that monthly sales exceeded the 1,000 level.
“After months of uncertainty made it d...
FEBRUARY 2023 STATISTICAL UPDATE
Posted on Mar 02, 2023
The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing Service® in February, an increase of 43.5 percent over January but still only half as many as were recorded a year ago.
February new listings were also up, by 5.7 percent over last month to 1,938 but 48.2 percent lower than this time last year. Active listings gr...
JANUARY 2023 STATISTICAL UPDATE
Posted on Feb 02, 2023
With 626 transactions processed on the MLS®, sales were off by 12.6 percent compared to last month and down by 52.2 percent compared to this time last year. The last time January sales were this low was in 2013 at 617 sales.
“Buyers are understandably cautious, which explains the slow start to the year,” said Sandra Benz, President of the Fraser Val...