- In February 2021, the Fraser Valley real estate market saw record property sales of 2,815, an increase of 108% from February 2020. This was the sixth consecutive month of record-breaking sales.
- The average number of days to sell a single-family home or townhome was 21 days, while apartments took an average of 35 days to sell.
- Benchmark home prices across property types increased from January 2021, with single-family detached homes seeing the largest increase of 5.1%. Inventory remained low due to high demand and a lack of new listings entering the market.
Fraser Valley Real Estate Board Statistics - November 2021 VickyAulakh1
- Home sales in the Fraser Valley region of BC continued to increase in November 2021, with 1,972 sales of all property types. This was a decrease of 9.2% from November 2020 but an increase of 1.8% from October 2021.
- New property listings also decreased, with 2,096 new listings in November 2021, down 5.5% from November 2020. Active inventory continued to decline sharply, down 47.9% from November 2020.
- The president of the Fraser Valley Real Estate Board said lack of housing supply remains the biggest challenge, and buyers and sellers are relying on their realtors' experience to navigate multiple offer situations and fast market conditions.
Fraser Valley Real Estate Board August 2021 Statistics Vicky Aulakh
- Home sales in the Fraser Valley remained elevated in August 2021, with 2,087 property sales representing a 2.4% increase from August 2020 and a 4% increase from July 2021. This was the second highest sales level ever recorded for the month of August.
- Housing supply remains extremely low, at levels last seen in the early 1980s, with total active listings down 44.9% from August 2020. The lack of supply is putting upward pressure on home prices across the region.
- Benchmark home prices rose between 1-31% across housing types compared to August 2020, with the average price of a detached home in the Fraser Valley increasing 50% over the past five years despite government measures aimed at improving afford
Sales volumes of real estate in the Fraser Valley reached their highest point for October, with 2,370 sales representing a 48.9% increase from October 2019. New listings also increased compared to last year. Benchmark home prices increased across all major property types compared to last October, with detached homes seeing a 9.9% increase. The real estate market remains strong despite the pandemic, though inventory levels are decreasing, with only 1.4 months of supply for detached homes in Langley if no new listings were added. Real estate professionals are encouraging online and virtual interactions to complete sales safely during the pandemic.
- Sales and new listings in the Fraser Valley region reached near record-setting levels in July 2020, with 2,100 sales (a 44% increase over July 2019) and 3,549 new listings (a 27% increase over July 2019).
- The strong demand is attributed to pent-up demand from the spring market and record-low interest rates, while low inventory levels are putting upward pressure on home prices in some communities.
- Benchmark home prices in July increased between 1-5% compared to July 2019 across detached homes, townhomes, and apartments in the region.
Fraser Valley Real Estate Board Statistics Package March 2021 Vicky Aulakh
The document summarizes real estate statistics for the Fraser Valley region of British Columbia in March 2021. It reports that March set new records for both home sales (3,329) and new property listings (5,087). The average price of homes sold increased 31.9% compared to March 2020. Housing demand remained very strong while inventory levels decreased from the previous year, creating continued stress for home buyers in a seller's market.
- Fraser Valley real estate saw record-breaking home sales in April 2021, with 3,016 sales, surpassing the previous record set in 2016.
- New home listings also increased substantially in April 2021 compared to the previous year, helping improve housing supply.
- The large influx of new listings has started to slow price increases as the market responds to more inventory and buyers have more options.
Fraser Valley Real Estate Board November 2020 statistics packageVicky Aulakh
- Housing demand in the Fraser Valley region of BC continued at record levels in November, with home sales up 54.7% compared to November 2019.
- A total of 2,173 housing units of all types were sold in November, setting a new monthly sales record.
- The average number of days on the market for detached homes was 32 days, while townhomes sold within 25 days and apartments within 34 days.
- Benchmark home prices increased across all major property types compared to November 2019, with detached homes up 11.5%, townhomes up 5.8%, and apartments up 4.6%.
Fraser Valley Real Estate Board July 2021 Statistics Vicky Aulakh
In July 2021, home sales in the Fraser Valley remained steady compared to the previous month with 2,006 property sales. New listings decreased by 31.5% compared to July 2020. Total active inventory reached the lowest level for July since 1981 with 4,901 properties, a 33% decrease from July 2020. The average price of homes increased 17% compared to July 2020, to $969,172.
Fraser Valley Real Estate Board Statistics - November 2021 VickyAulakh1
- Home sales in the Fraser Valley region of BC continued to increase in November 2021, with 1,972 sales of all property types. This was a decrease of 9.2% from November 2020 but an increase of 1.8% from October 2021.
- New property listings also decreased, with 2,096 new listings in November 2021, down 5.5% from November 2020. Active inventory continued to decline sharply, down 47.9% from November 2020.
- The president of the Fraser Valley Real Estate Board said lack of housing supply remains the biggest challenge, and buyers and sellers are relying on their realtors' experience to navigate multiple offer situations and fast market conditions.
Fraser Valley Real Estate Board August 2021 Statistics Vicky Aulakh
- Home sales in the Fraser Valley remained elevated in August 2021, with 2,087 property sales representing a 2.4% increase from August 2020 and a 4% increase from July 2021. This was the second highest sales level ever recorded for the month of August.
- Housing supply remains extremely low, at levels last seen in the early 1980s, with total active listings down 44.9% from August 2020. The lack of supply is putting upward pressure on home prices across the region.
- Benchmark home prices rose between 1-31% across housing types compared to August 2020, with the average price of a detached home in the Fraser Valley increasing 50% over the past five years despite government measures aimed at improving afford
Sales volumes of real estate in the Fraser Valley reached their highest point for October, with 2,370 sales representing a 48.9% increase from October 2019. New listings also increased compared to last year. Benchmark home prices increased across all major property types compared to last October, with detached homes seeing a 9.9% increase. The real estate market remains strong despite the pandemic, though inventory levels are decreasing, with only 1.4 months of supply for detached homes in Langley if no new listings were added. Real estate professionals are encouraging online and virtual interactions to complete sales safely during the pandemic.
- Sales and new listings in the Fraser Valley region reached near record-setting levels in July 2020, with 2,100 sales (a 44% increase over July 2019) and 3,549 new listings (a 27% increase over July 2019).
- The strong demand is attributed to pent-up demand from the spring market and record-low interest rates, while low inventory levels are putting upward pressure on home prices in some communities.
- Benchmark home prices in July increased between 1-5% compared to July 2019 across detached homes, townhomes, and apartments in the region.
Fraser Valley Real Estate Board Statistics Package March 2021 Vicky Aulakh
The document summarizes real estate statistics for the Fraser Valley region of British Columbia in March 2021. It reports that March set new records for both home sales (3,329) and new property listings (5,087). The average price of homes sold increased 31.9% compared to March 2020. Housing demand remained very strong while inventory levels decreased from the previous year, creating continued stress for home buyers in a seller's market.
- Fraser Valley real estate saw record-breaking home sales in April 2021, with 3,016 sales, surpassing the previous record set in 2016.
- New home listings also increased substantially in April 2021 compared to the previous year, helping improve housing supply.
- The large influx of new listings has started to slow price increases as the market responds to more inventory and buyers have more options.
Fraser Valley Real Estate Board November 2020 statistics packageVicky Aulakh
- Housing demand in the Fraser Valley region of BC continued at record levels in November, with home sales up 54.7% compared to November 2019.
- A total of 2,173 housing units of all types were sold in November, setting a new monthly sales record.
- The average number of days on the market for detached homes was 32 days, while townhomes sold within 25 days and apartments within 34 days.
- Benchmark home prices increased across all major property types compared to November 2019, with detached homes up 11.5%, townhomes up 5.8%, and apartments up 4.6%.
Fraser Valley Real Estate Board July 2021 Statistics Vicky Aulakh
In July 2021, home sales in the Fraser Valley remained steady compared to the previous month with 2,006 property sales. New listings decreased by 31.5% compared to July 2020. Total active inventory reached the lowest level for July since 1981 with 4,901 properties, a 33% decrease from July 2020. The average price of homes increased 17% compared to July 2020, to $969,172.
- Housing market activity in the Fraser Valley reached record levels in September, with home sales and new listings seeing the highest numbers ever recorded for the month.
- Sales increased 66.1% compared to September 2019 and 9.4% compared to August 2020, reaching 2,231 total sales. New listings also saw a record at 3,515, up 26.9% and 6.2% respectively.
- Demand has shifted towards single family detached homes, making up 47% of sales compared to 43% in the same period last year. Benchmark home prices also increased across all property types.
Fraser Valley Real Estate Board May 2021 Statistics PackageVicky Aulakh
Near record-breaking new listings in May were not enough to match insatiable buyer demand in the Fraser Valley real estate market. Sales reached 2,951, near the record of 2,911 set in 2016, while new listings of 3,926 approached the record of 2018. Total active inventory was 5,868, down 9% from May 2020. The average number of days to sell a single-family home was 14 days. Benchmark home prices continued to increase from April 2021.
In June 2021, housing sales in the Fraser Valley region decreased 24% compared to May but increased 31% compared to June 2020. Total active housing inventory decreased 7% compared to May and 23% compared to June 2020, indicating a continued lack of housing supply. Benchmark home prices continued to increase across all housing types (single family detached, townhomes, apartments) compared to June 2020, with single family detached homes seeing the largest increase of 33.2%. The market showed signs of cooling from the extreme conditions seen in previous months but demand remains high.
Dec 2020 Fraser Valley Real Estate Board PackageVicky Aulakh
- In December 2020, real estate sales in the Fraser Valley set a new record with 2,086 sales, an increase of 81.2% over the typical December sales. New listings were also near record levels.
- Despite months of slowdown due to the pandemic, total annual sales in 2020 were 12.4% above the 10-year average, with 19,926 total sales for the year.
- Benchmark home prices in December increased compared to both the previous month and the previous year for detached homes, townhomes, and apartments.
FVREB September 2021 Statistics PackageVickyAulakh1
- Housing sales in the Fraser Valley decreased in September compared to August but were the second highest for the month of September in the past 100 years.
- New housing listings increased compared to August but inventory remains low.
- Demand remains strong across the region while low inventory continues to pose challenges for buyers. Benchmark home prices rose in September across all major property types compared to the previous year.
Fraser Valley Real Estate Board Statistics Package October 2021VickyAulakh1
- MLS home sales in the Fraser Valley remained strong in October at 1,938 sales, an increase of 3.9% from September but a decrease of 18.2% from October 2020.
- New property listings decreased 29% from October 2020 and 6.6% from September 2021, contributing to low inventory levels.
- Benchmark home prices increased across all major property types compared to September 2021, with detached homes seeing the largest increase of 2.5% to $1,396,700.
- Real estate activity in the Fraser Valley saw a steep decline in April 2020 in response to measures taken to reduce the spread of COVID-19. Sales were down 52% from March and 50% from April 2019, which was one of the slowest Aprils on record.
- New property listings also declined significantly, down 47% from March and 58% from the previous year. Despite fewer transactions, realtors continued advising clients through virtual services.
- Benchmark home prices in the region increased modestly for detached homes and townhouses compared to March 2020, while apartment prices remained stable. The real estate market remained balanced as new listings declined faster than sales.
Fraser Valley Real Estate Board June 2020 Vicky Aulakh
- Property sales in the Fraser Valley more than doubled from May to June 2020, increasing 113% as buyers returned to the market.
- New property listings also increased significantly, rising 57% from May to June while active listings rose 9%.
- The average prices of detached homes, townhomes, and apartments all increased between 1-4% compared to June 2019, with benchmark prices also rising, indicating stability in the housing market despite the pandemic.
- Home sales in the Fraser Valley rebounded in July, increasing 11.6% compared to June 2019. New listings decreased slightly.
- The benchmark prices for single family detached homes and townhomes decreased compared to last year, while prices for apartments remained unchanged.
- REALTORS saw more activity at open houses in July and an increase in first-time home buyers, indicating improved consumer confidence in the market.
The document provides housing market statistics for the Fraser Valley region of British Columbia for the month of May 2020. It reported that home sales increased 17% from April 2020 while new listings rose 56%. The average prices of detached homes rose 2.7% year-over-year while townhomes rose 1.8% and apartments 1%.
- Sales and new listings in the Fraser Valley set records in August 2020, with 2,039 sales (up 57.2% year-over-year) and 3,309 new listings (up 40.4% year-over-year).
- The average prices of single-family homes, townhomes, and apartments all increased compared to August 2019, with benchmark prices up 6.9%, 3%, and 4% respectively.
- REB President Chris Shields noted the market remains competitive with multiple offers and shorter days on market, and consumers are seeking expert guidance from REALTORS.
Fraser Valley Real Estate Board Statistics Package January 2020 Vicky Aulakh
- Home sales in the Fraser Valley region of BC were 6% above the 10-year average for January while new listings were 11% below average.
- 974 total property sales occurred in January, down 22% from December 2019 but up 24% from January 2019.
- Benchmark home prices increased slightly for detached homes, townhomes, and apartments compared to December 2019.
The housing market in the Fraser Valley region of BC continued to stabilize in August 2019, with home sales increasing 12.3% compared to August 2018. Total home sales in August 2019 were 1,297, with sales of single-family detached homes up 18% and townhomes up 9.2% compared to the previous year. While active listings increased 9.6% year-over-year to 8,040, new property listings in August declined 8.5% compared to August 2018. Benchmark home prices decreased across property types compared to the previous year, with single-family detached prices down 5.4%, townhome prices down 4.9%, and apartment prices down 7.7%.
- Home sales in the Fraser Valley increased 39% in February 2020 compared to January 2020 and 38% compared to February 2019, outpacing new listings which increased 15% month-over-month but decreased 15% year-over-year.
- Inventory levels remained below historical averages at 5,741 active listings as of the end of February, up 12% from January but down 10% from February 2019.
- Benchmark home prices in the region increased between 1-1.5% across detached homes, townhomes, and apartments compared to both the previous month and February 2019.
The Fraser Valley Real Estate Statistics PackageVicky Aulakh
- Home sales in the Fraser Valley region of BC were down 29.3% from the 10-year average for the month of June and were the second lowest total for June since 2000. New property listings also decreased.
- Both buyers and sellers are taking a wait-and-see approach in the current market, which has led to historically low home purchases and some sellers delaying listing their homes. This is creating more inventory and lower home prices compared to a year ago.
- The average number of days to sell a single-family detached home was 35.6 days in June, while townhomes sold in an average of 31.6 days and apartments in 37.5 days.
- Home sales in the Fraser Valley increased significantly in October 2019 compared to both September 2019 and October 2018, with sales up 18.5% and 37.8% respectively.
- While new listings decreased compared to the previous year and month, overall active listings also declined, down 4.5% and 6.9%.
- Benchmark home prices were mixed, with detached homes up slightly but townhouses and apartments down slightly to moderately compared to the previous year.
Fraser Valley Real Estate Board Statistics Package Jan 2021Vicky Aulakh
The Fraser Valley real estate market saw record-breaking home sales in January 2021, with 1,718 total sales representing a 76% increase from January 2020. While new listings rose 26% year-over-year, total active inventory was still down 18% from January 2020. The average number of days to sell a single-family detached home dropped to 35 days compared to 60 days in January 2020.
- Property sales in the Fraser Valley finished strong in December but total sales for 2019 were still lower than 2018, with 15,487 sales compared to 15,586 the prior year.
- Total dollar volume was also down, from $11.8 billion in 2018 to $11.2 billion in 2019.
- Inventory remained tight in December, with active listings 20.3% lower than the 10-year average and only 948 new listings added that month.
- In November 2019, real estate activity in the Fraser Valley saw 1,405 total property sales, an increase of 36.7% from November 2018 but a decrease of 11.7% from October 2019.
- Demand was unusually high for the end of the year while inventory levels declined, with the supply of townhomes and condos not keeping up with buyer demand.
- Benchmark home prices decreased year-over-year but price declines were moderating, with the combined residential benchmark price down only 3% in November compared to 6% earlier in the summer.
Fraser Valley Real Estate Board Stats Package March 2021 Vicky Aulakh
The Fraser Valley real estate market set new records for sales and new listings in March 2021. Sales increased 131% compared to March 2020 and new listings increased 91%. The average price of homes increased nearly 32% compared to March 2020. The strong market is being driven by a robust economy, the influence of the pandemic, and low housing inventory. Real estate agents are working hard to guide buyers through a challenging seller's market with multiple offers.
Fraser Valley Real Estate Board May 2023 Statistics Package with charts and graphs. Delayed spring activity boosts supply of property listings in the Fraser Valley. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.
- Housing market activity in the Fraser Valley reached record levels in September, with home sales and new listings seeing the highest numbers ever recorded for the month.
- Sales increased 66.1% compared to September 2019 and 9.4% compared to August 2020, reaching 2,231 total sales. New listings also saw a record at 3,515, up 26.9% and 6.2% respectively.
- Demand has shifted towards single family detached homes, making up 47% of sales compared to 43% in the same period last year. Benchmark home prices also increased across all property types.
Fraser Valley Real Estate Board May 2021 Statistics PackageVicky Aulakh
Near record-breaking new listings in May were not enough to match insatiable buyer demand in the Fraser Valley real estate market. Sales reached 2,951, near the record of 2,911 set in 2016, while new listings of 3,926 approached the record of 2018. Total active inventory was 5,868, down 9% from May 2020. The average number of days to sell a single-family home was 14 days. Benchmark home prices continued to increase from April 2021.
In June 2021, housing sales in the Fraser Valley region decreased 24% compared to May but increased 31% compared to June 2020. Total active housing inventory decreased 7% compared to May and 23% compared to June 2020, indicating a continued lack of housing supply. Benchmark home prices continued to increase across all housing types (single family detached, townhomes, apartments) compared to June 2020, with single family detached homes seeing the largest increase of 33.2%. The market showed signs of cooling from the extreme conditions seen in previous months but demand remains high.
Dec 2020 Fraser Valley Real Estate Board PackageVicky Aulakh
- In December 2020, real estate sales in the Fraser Valley set a new record with 2,086 sales, an increase of 81.2% over the typical December sales. New listings were also near record levels.
- Despite months of slowdown due to the pandemic, total annual sales in 2020 were 12.4% above the 10-year average, with 19,926 total sales for the year.
- Benchmark home prices in December increased compared to both the previous month and the previous year for detached homes, townhomes, and apartments.
FVREB September 2021 Statistics PackageVickyAulakh1
- Housing sales in the Fraser Valley decreased in September compared to August but were the second highest for the month of September in the past 100 years.
- New housing listings increased compared to August but inventory remains low.
- Demand remains strong across the region while low inventory continues to pose challenges for buyers. Benchmark home prices rose in September across all major property types compared to the previous year.
Fraser Valley Real Estate Board Statistics Package October 2021VickyAulakh1
- MLS home sales in the Fraser Valley remained strong in October at 1,938 sales, an increase of 3.9% from September but a decrease of 18.2% from October 2020.
- New property listings decreased 29% from October 2020 and 6.6% from September 2021, contributing to low inventory levels.
- Benchmark home prices increased across all major property types compared to September 2021, with detached homes seeing the largest increase of 2.5% to $1,396,700.
- Real estate activity in the Fraser Valley saw a steep decline in April 2020 in response to measures taken to reduce the spread of COVID-19. Sales were down 52% from March and 50% from April 2019, which was one of the slowest Aprils on record.
- New property listings also declined significantly, down 47% from March and 58% from the previous year. Despite fewer transactions, realtors continued advising clients through virtual services.
- Benchmark home prices in the region increased modestly for detached homes and townhouses compared to March 2020, while apartment prices remained stable. The real estate market remained balanced as new listings declined faster than sales.
Fraser Valley Real Estate Board June 2020 Vicky Aulakh
- Property sales in the Fraser Valley more than doubled from May to June 2020, increasing 113% as buyers returned to the market.
- New property listings also increased significantly, rising 57% from May to June while active listings rose 9%.
- The average prices of detached homes, townhomes, and apartments all increased between 1-4% compared to June 2019, with benchmark prices also rising, indicating stability in the housing market despite the pandemic.
- Home sales in the Fraser Valley rebounded in July, increasing 11.6% compared to June 2019. New listings decreased slightly.
- The benchmark prices for single family detached homes and townhomes decreased compared to last year, while prices for apartments remained unchanged.
- REALTORS saw more activity at open houses in July and an increase in first-time home buyers, indicating improved consumer confidence in the market.
The document provides housing market statistics for the Fraser Valley region of British Columbia for the month of May 2020. It reported that home sales increased 17% from April 2020 while new listings rose 56%. The average prices of detached homes rose 2.7% year-over-year while townhomes rose 1.8% and apartments 1%.
- Sales and new listings in the Fraser Valley set records in August 2020, with 2,039 sales (up 57.2% year-over-year) and 3,309 new listings (up 40.4% year-over-year).
- The average prices of single-family homes, townhomes, and apartments all increased compared to August 2019, with benchmark prices up 6.9%, 3%, and 4% respectively.
- REB President Chris Shields noted the market remains competitive with multiple offers and shorter days on market, and consumers are seeking expert guidance from REALTORS.
Fraser Valley Real Estate Board Statistics Package January 2020 Vicky Aulakh
- Home sales in the Fraser Valley region of BC were 6% above the 10-year average for January while new listings were 11% below average.
- 974 total property sales occurred in January, down 22% from December 2019 but up 24% from January 2019.
- Benchmark home prices increased slightly for detached homes, townhomes, and apartments compared to December 2019.
The housing market in the Fraser Valley region of BC continued to stabilize in August 2019, with home sales increasing 12.3% compared to August 2018. Total home sales in August 2019 were 1,297, with sales of single-family detached homes up 18% and townhomes up 9.2% compared to the previous year. While active listings increased 9.6% year-over-year to 8,040, new property listings in August declined 8.5% compared to August 2018. Benchmark home prices decreased across property types compared to the previous year, with single-family detached prices down 5.4%, townhome prices down 4.9%, and apartment prices down 7.7%.
- Home sales in the Fraser Valley increased 39% in February 2020 compared to January 2020 and 38% compared to February 2019, outpacing new listings which increased 15% month-over-month but decreased 15% year-over-year.
- Inventory levels remained below historical averages at 5,741 active listings as of the end of February, up 12% from January but down 10% from February 2019.
- Benchmark home prices in the region increased between 1-1.5% across detached homes, townhomes, and apartments compared to both the previous month and February 2019.
The Fraser Valley Real Estate Statistics PackageVicky Aulakh
- Home sales in the Fraser Valley region of BC were down 29.3% from the 10-year average for the month of June and were the second lowest total for June since 2000. New property listings also decreased.
- Both buyers and sellers are taking a wait-and-see approach in the current market, which has led to historically low home purchases and some sellers delaying listing their homes. This is creating more inventory and lower home prices compared to a year ago.
- The average number of days to sell a single-family detached home was 35.6 days in June, while townhomes sold in an average of 31.6 days and apartments in 37.5 days.
- Home sales in the Fraser Valley increased significantly in October 2019 compared to both September 2019 and October 2018, with sales up 18.5% and 37.8% respectively.
- While new listings decreased compared to the previous year and month, overall active listings also declined, down 4.5% and 6.9%.
- Benchmark home prices were mixed, with detached homes up slightly but townhouses and apartments down slightly to moderately compared to the previous year.
Fraser Valley Real Estate Board Statistics Package Jan 2021Vicky Aulakh
The Fraser Valley real estate market saw record-breaking home sales in January 2021, with 1,718 total sales representing a 76% increase from January 2020. While new listings rose 26% year-over-year, total active inventory was still down 18% from January 2020. The average number of days to sell a single-family detached home dropped to 35 days compared to 60 days in January 2020.
- Property sales in the Fraser Valley finished strong in December but total sales for 2019 were still lower than 2018, with 15,487 sales compared to 15,586 the prior year.
- Total dollar volume was also down, from $11.8 billion in 2018 to $11.2 billion in 2019.
- Inventory remained tight in December, with active listings 20.3% lower than the 10-year average and only 948 new listings added that month.
- In November 2019, real estate activity in the Fraser Valley saw 1,405 total property sales, an increase of 36.7% from November 2018 but a decrease of 11.7% from October 2019.
- Demand was unusually high for the end of the year while inventory levels declined, with the supply of townhomes and condos not keeping up with buyer demand.
- Benchmark home prices decreased year-over-year but price declines were moderating, with the combined residential benchmark price down only 3% in November compared to 6% earlier in the summer.
Fraser Valley Real Estate Board Stats Package March 2021 Vicky Aulakh
The Fraser Valley real estate market set new records for sales and new listings in March 2021. Sales increased 131% compared to March 2020 and new listings increased 91%. The average price of homes increased nearly 32% compared to March 2020. The strong market is being driven by a robust economy, the influence of the pandemic, and low housing inventory. Real estate agents are working hard to guide buyers through a challenging seller's market with multiple offers.
Fraser Valley Real Estate Board May 2023 Statistics Package with charts and graphs. Delayed spring activity boosts supply of property listings in the Fraser Valley. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.
The document summarizes housing market statistics for the Fraser Valley region in August 2022. It reports that housing sales increased slightly month-over-month but were down significantly year-over-year. New housing listings also decreased compared to the previous year. Benchmark housing prices decreased across all categories compared to the previous month, bringing prices closer to levels from late 2021. The market is considered balanced with an overall sales-to-listing ratio of 17%.
Fraser Valley Real Estate Board September 2022 Statistics with charts and graphs.
SURREY, BC – Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market.
In September, the Fraser Valley Real Estate Board (FVREB) processed 897 sales on its Multiple Listing Service®
(MLS®), a decrease of 11.8 per cent compared to last month and a 51.9 per cent decrease compared to this time last year.
- Housing sales in the Fraser Valley region of BC dropped again in July 2022, falling 22.5% from the previous month and 50.5% from July 2021, as rising interest rates cooled the real estate market. The average price of homes sold also declined for the fourth straight month.
- While housing prices remain up compared to a year ago, increased listings have brought the market closer to balance. Benchmark prices dropped most for detached homes, falling 3.5% from the previous month.
- With ongoing interest rate hikes expected, real estate professionals advise buyers and sellers to seek expert guidance when making important purchasing decisions. The market remains fluid as rates continue to impact supply and demand dynamics.
Fraser Valley Real Estate Board February 2022Vicky Aulakh
The Fraser Valley Real Estate Board (FVREB) reported record high new property listings in February 2022. New listings increased 75% compared to January and 15% compared to February 2021. Total home sales decreased 35% compared to February 2021 but were 39% higher than January 2022. While inventory is still low, the recent increases in new listings provide hope that more choices for buyers may soften the hot real estate market. Home prices continued rising substantially across all property types in the Fraser Valley region.
- Sales of residential and commercial properties in the Fraser Valley decreased 22.5% in March 2022 compared to March 2021 but increased 41.4% compared to February 2022. New listings also increased compared to the previous month.
- While sales and new listings decreased compared to the previous year, total active inventory increased compared to last month but remained lower than March 2021 levels. Benchmark home prices continued to rise month-over-month across all property types.
- The increases in new listings and inventory were seen as positive signs that could help slow price growth, but the market was still seen as imbalanced due to lack of housing supply. Interest rate hikes were also expected to impact new homebuyers more than other
October 2022 Fraser Valley Real Estate Board Statistics Package with Charts & Graphs. Housing prices remain soft, sales flat, throughout the Fraser Valley. SURREY, BC – Fraser Valley housing market sales for October remained relatively unchanged from last month as
prices dipped slightly across all categories. In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease compared to this time last year.
December 2021 Fraser Valley Real Estate Board StatisticsVickyAulakh1
The Fraser Valley real estate market saw its busiest year in history in 2021, with 27,692 total property sales. This was a 39% increase from 2020 and surpassed the previous record set in 2016. Low interest rates and increased demand for housing due to the pandemic fueled this activity. While new listings were also up, reaching the second highest on record, inventory remained tight, ending the year at 60% below the 10-year average. Across all property types, benchmark home prices increased substantially in December 2021 compared to the previous year.
The document summarizes May 2022 real estate market statistics for the Fraser Valley region of British Columbia. It reports that home sales decreased 16.9% month-over-month and 53.9% year-over-year in May. Active listings increased 5.4% year-over-year and 14.8% from April, restoring balance to the market. Benchmark home prices decreased for the first time since 2019 for detached homes, townhomes, and apartments in May.
Fraser Valley Real Estate Board January 2023 Statistics Package with charts and graphs. Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years
SURREY, BC – The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined.
FVREB April 2023 Statistics Package.pdfVickyAulakh1
April 2023 Fraser Valley Real Estate Board Statistics Package with Charts & Graphs. Spring sales hold steady in Fraser Valley real estate market. SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.
Fraser Valley Real Estate Board November 2022 Statistics. New listings lag as Fraser Valley real estate market sees third month of declining sales. With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season. Despite the market slowdown, opportunities are available, as evidenced by brisk turnover time frames. In November, the Fraser Valley Real Estate Board (FVREB) processed 839 sales on its Multiple Listing Service® (MLS®), a 6.9 per cent decrease compared to October and a decrease of 57.5 per cent compared to November 2021.
- Housing sales in the Fraser Valley fell for the third straight month in June 2022, with a 5.8% decrease from May and a 43% decrease from June 2021. Prices also continued to soften across all property types.
- The average days to sell a single-family home was 21 days, while townhomes took 19 days and apartments took 17 days. Benchmark prices decreased month-over-month across all property types.
- With interest rates rising to a decade high and prices still up over 20% year-over-year, realtors expect sales to continue declining in the near term as affordability challenges mount for buyers.
- Property sales in the Fraser Valley decreased over 35% in April 2022 compared to March 2022, marking the first time monthly sales have fallen below the 10-year average since June 2020.
- Total active inventory in April was 5,387, a 14.6% increase from March. Benchmark home prices increased between 0.2-1.8% across property types compared to March 2022.
- Interest rate hikes to stem inflation will put added financial burden on homebuyers and likely slow price growth, but do little to address low housing inventory issues in the region.
Similar to Fraser Valley Real Estate Board Stats Package Feb 2021 (15)
The document provides monthly statistics for the Central Okanagan region for May 2023. It includes information on listings, sales, prices and inventory for various property types by zone. A total of 1,151 properties were listed, down 11% from last year. 599 properties were sold, up 2% from last year. The average sales price was $511 million, down slightly from last year. Overall inventory levels were up 26% from the previous year.
The document provides real estate market statistics for Metro Vancouver in July 2022 compared to the previous year. Total active listings decreased for detached homes, condos, and townhomes compared to July 2021. Sales also decreased significantly across all property types year-over-year. The average days on market either remained the same or decreased slightly. The MLS benchmark price, which measures the typical home price in the region, increased between 11-18% across detached homes, condos, and townhomes compared to July 2021.
Home sales in Metro Vancouver decreased significantly in July 2022 compared to the previous year and month. The housing market is entering a new phase with slower demand from buyers and a gradual rise in homes listed for sale. This has allowed home prices to edge downward over the last three months and given buyers more choice and time to make decisions. Benchmark home prices increased from July 2021 but decreased slightly from June 2022 across most property types in the region.
Sales of single-family homes and condominiums in the Victoria real estate market decreased substantially in July 2022 compared to the previous year. There were 2,162 active property listings at the end of July, a 70% increase from July 2021. The president of the Victoria Real Estate Board said the slowdown in the market has created a calmer environment for buyers and sellers to make decisions. Home price indexes showed price increases from July 2021 to July 2022 but declines month-over-month, indicating fluctuations in the market due to higher interest rates and inflation.
Residential home sales in British Columbia decreased 35.7% in June 2022 compared to June 2021, while the average home price rose 4.6%. Total home sales dollar volume declined 32.8% year-over-year. The BCREA chief economist noted that high mortgage rates are making it increasingly difficult for potential buyers to satisfy demand, slowing sales activity across the province. While listings rose 16.4% from a year ago, some markets have shifted to a balanced or buyers' market as rates push buyers to the sidelines.
This document provides monthly real estate statistics for the Central Okanagan region of British Columbia for June 2022. Some key details include:
- Total listings were up 31.14% from last June to 1,373 while sales were down 46.38% to 422.
- The average price was down 44.01% from last June to $353,566,750, with days to sell averaging 34 days.
- By property type, residential unit sales saw the largest decrease of 53.22% to 160 units sold, while apartment sales dropped 50.49% to 102 units.
- Year-to-date totals show listings up 6.86% but sales down 28.63%,
The document provides monthly statistics for the Central Okanagan region for May 2022. It includes information on listings, sales, prices and inventory for various property types by zone. Key figures show a 13.4% increase in listings but a 29.1% decrease in sales compared to last year. The average and median prices decreased 23.5% and 21.6% respectively from May 2021. Total active listings were up 65.2% from the previous month.
The Victoria Real Estate Board reported on the June 2022 housing market in Victoria, BC. Sales decreased 35% from June 2021 with 612 properties sold. Inventory increased nearly 50% to 2,059 active listings. While rising inventory is improving choice for buyers, the President of VREB stressed the continued need for new housing supply to ensure long-term affordability given demand drivers like population growth. Benchmark home prices rose 23.6% for single-family homes and 29.7% for condos compared to June 2021.
The housing market in Metro Vancouver has returned to more typical seasonal levels in the spring of 2022, with home sale activity decreasing 31.6% from May 2021 levels due to rising interest rates. The benchmark home price for all residential properties in Metro Vancouver is $1,261,100, a 14.7% increase from May 2021 but a 0.3% decrease from April 2022. While upward pressure on home prices has begun to ease over the last two months, housing supply needs to more than double to bring the market close to balanced.
Sales of real estate properties in the Greater Victoria region slowed in May 2022 compared to the previous year. A total of 761 properties were sold, down 27.5% from May 2021. Both single-family home sales and condominium sales decreased from the previous year by 31.7% and 23.1%, respectively. While inventory levels remained below historical averages, the amount of active listings increased both month-over-month and year-over-year in May 2022. Home prices in the Victoria area continued rising, with benchmark single-family home values up 23.8% and condominium values up 27.9% compared to May 2021.
The Okanagan Real Estate April 2022 StatisticsVicky Aulakh
This document provides monthly statistics for the Central Okanagan region for April 2022. It includes information on listings, sales, prices and inventory across several zones in the region for both the current month and year-to-date. Key figures show a decline in unit sales of 34.9% from last April but prices remained stable. Inventory levels increased 8.32% from the previous year indicating a slower market.
Sales of real estate in the Victoria area decreased in April 2022 compared to the previous year. A total of 824 properties sold in April 2022, which was 26.2% fewer than the 1,116 properties sold in April 2021. Both sales of single family homes and condominiums were down compared to the previous year. While inventory levels remained below historic averages, maintaining upward pressure on prices, the president of the Victoria Real Estate Board noted a softening of the market with lessening demand due to rising interest rates and inflation. The benchmark value of single family homes and condominiums in the Victoria area had still increased about 26-27% compared to the previous year.
Home sales in Metro Vancouver returned to more typical levels in April 2022, decreasing 34.1% from April 2021. Total home listings increased 15.3% from March 2022, providing more options for buyers. The benchmark home price rose 1% from March to $1,374,500, an increase of 18.9% over April 2021. Detached home sales fell 41.9% year-over-year while the benchmark price rose 20.8% to $2,139,200.
- Home sales in BC continued to moderate from record highs in March 2021, with residential unit sales down 24.1% and total sales dollar volume down 12.1% from the same period last year.
- The average residential home price in BC rose 15.7% to $1.096 million in March 2022 compared to March 2021.
- BCREA's chief economist expects housing activity in BC will slow further in the second half of 2022 given rising mortgage rates and expected tightening from the Bank of Canada.
The document provides monthly statistics for the Central Okanagan region for March 2022. It includes information on listings, sales, prices and inventory totals for various property types by zone. Some key figures are:
- Total listings were down 16.4% from last year to 1,277
- Sales were down 33.3% to 692 units
- Total sales volume was down 13% to $665 million
- Average days to sell a property was 52 days
- Active listings finished the month at 1,446, down 12.5% from the previous year.
February 2022 Okanagan Real Estate Board Statistics Package With Charts & GraphsVicky Aulakh
The document provides monthly statistics for real estate activity in February 2022 in the Central Okanagan region of British Columbia. It includes information on listings, sales, prices and inventory broken down by property type and geographical area. Specifically, it shows that in February 2022, there were 792 total listings, 609 sales, and average and median sale prices of $562 million and $1.25 million respectively across the region.
Victoria Real Estate Board February 2022Vicky Aulakh
The Victoria real estate market saw a decrease in property sales in February 2022 compared to the previous year, with inventory levels remaining at record lows. While listings increased slightly from the previous month, inventory was still down 35.6% year-over-year. This lack of supply has prevented the market from cooling off, with benchmark home prices increasing over 20% in the Victoria core area for both single family homes and condominiums compared to February 2021. The Victoria Real Estate Board is calling on the government to focus on increasing housing supply through incentives and removing barriers to development to balance the market.
Real Estate Board of Greater Vancouver Statistics Package February 2022Vicky Aulakh
- Housing sales in Metro Vancouver decreased 8.1% in February 2022 compared to February 2021, while listings increased 8.4%.
- Despite higher listings, the region's housing market remains undersupplied, pushing home prices to new highs. The benchmark home price rose 20.7% year-over-year to $1,313,400 in February 2022.
- Sales of detached homes fell 18% year-over-year while apartment sales rose 5.4%. Benchmark prices for all property types increased over 20% compared to February 2021.
Metro Vancouver - Stats Centre Reports - August 2021Vicky Aulakh
This document provides real estate market data for Metro Vancouver, including detached homes, condos, and townhomes, for August 2021 compared to previous periods. Key figures shown include:
- Total active listings, sales, and average days on market decreased for detached homes and increased for condos and townhomes compared to July 2021.
- The MLS HPI benchmark price increased year-over-year for all property types, with the largest increase being 20.4% for detached homes.
- Sales-to-active ratios indicated a seller's market for townhomes, balanced market for condos, and buyer's market for detached homes.
Victoria Real Estate Board August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
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2. News Release
Fraser Valley Real Estate Board
Contact
Laurie Dawson, Communications Specialist laurie.dawson@fvreb.bc.ca
Fraser Valley Real Estate Board Telephone 604.930.7657
Fax 604.930.7623
www.fvreb.bc.ca
http://fvreb.bc.ca/statistics/eStats‐2021‐02.html
For Immediate Release: March 2, 2021
Another month, another record for property sales in the
Fraser Valley
SURREY, BC – For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at
levels never seen before in the 100‐year history of the Fraser Valley Real Estate Board (FVREB).
In February, the FVREB processed a total of 2,815 sales on its Multiple Listing Service® (MLS®), an increase of 108
per cent compared to February 2020 and 64 per cent more than were processed in January 2021. To provide a
historical perspective, sales in February were 88 per cent above the 10‐year average for that month; and 18 per
cent higher than the previous record of 2,387 sales in February 2016.
Chris Shields, President of the Board said of this month’s record numbers, “This is new territory for us. We have
never seen such consistent and persistent demand for housing in the Fraser Valley.
“What’s fueling the demand is the combination of record‐low interest rates and the response to the pandemic. It’s
not something that could have been predicted and it has created a very complex market for buyers that requires
the knowledge and expertise of a professional. For family‐sized homes, prices climbed 3 to 5 per cent in February
alone and sold on average in three weeks. We understand the stress and frustration with the market currently and
we’re here to help guide and protect home buyers.”
The Board received 3,265 new listings in February, an increase of 28 per cent compared to February of last year,
placing it second highest for February for new listings in the last decade. The total active inventory for February
was 4,120, down 28 per cent from last year’s 5,741 active listings, and the lowest ever for the month.
Baldev Gill, Chief Executive Officer of the Board, added, “We know more people are choosing to move to the
Fraser Valley right now because they’re seeking more usable space, a better quality of life, and they recognize that
their housing dollar goes further. The challenge is selection. We anticipate as the vaccination roll‐out accelerates,
confidence to list will increase and we’ll see inventory return to more normal levels. In the meantime, REALTORS®
will continue to ensure consumer safety is at the forefront of all home viewings and transactions.”
Across Fraser Valley, in February, the average number of days to sell a single‐family detached home and a
townhome was 21 days. Apartments took on average 35 days to sell.
MLS® HPI Benchmark Price Activity
Single Family Detached: At $1,163,400, the Benchmark price for an FVREB single‐family detached home
increased 5.1 per cent compared to January 2021 and increased 19.9 per cent compared to February 2020.
Townhomes: At $600,300, the Benchmark price for an FVREB townhome increased 3.4 per cent compared to
January 2021 and increased 10.1 per cent compared to February 2020.
Apartments: At $450,900, the Benchmark price for an FVREB apartment/condo increased 2.5 per cent
compared to January 2021 and increased 5.3 per cent compared to February 2020.
—30 —
The Fraser Valley Real Estate Board is an association of 3,840 real estate professionals who live and work in the BC communities of
North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. The FVREB will mark its 100‐year anniversary in 2021.