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Increased demand for Fraser Valley townhouses and single family homes

November, 03 2014 04:11:20 pm, by FVREB
Categories: Statistics

SURREY, BC – The Fraser Valley Real Estate Board processed 1,448 sales on its Multiple Listing Service (MLS®) in October, an increase of 16 per cent compared to the 1,249 sales during the same month last year and 2 per cent more than in September.

Ray Werger, the Board’s president, says, “Sales overall continue to outperform last year and as we’ve seen for a number of months now are the best they’ve been in five years.

“Demand remains steady in our region for single family detached homes and townhomes. Last month, the market share of sales of single family homes increased by almost five per cent compared to last year; while the share of condo sales decreased by the same amount and we’re seeing that preference reflected in prices.”

The MLS® Home Price Index (MLS® HPI) benchmark price of a detached home in October was $573,500 an increase of 4 per cent compared to October 2013, when it was $551,400.

The MLS® HPI benchmark price of townhouses increased 1 per cent from $295,500 in October 2013 to $298,500 last month. The benchmark price of apartments decreased year-over-year by 3.5 per cent, going from $199,500 in October of last year to $192,600 in October 2014.

In the last five years, the MLS® HPI benchmark price of a detached home in the Fraser Valley has increased by 16.6 per cent. For townhouses, the price is flat having increased by 0.5 per cent and for apartments; the price has decreased by 6 per cent.

Werger adds, “With the influx of new developments and a steady supply of resale units, we’ve never had a better selection of condos than we do right now at prices the lowest they’ve been in years. For those that say housing isn’t affordable in Metro Vancouver, you need to check out the opportunities currently for condo buyers in the Valley.”

In October, new listings in the Fraser Valley increased by 3 per cent, going from 2,336 last year to 2,395 last month taking the number of active listings to 8,807, a decrease of 3 per cent compared to the 9,047 active listings in October of 2013. “Inventory is edging down, which is typical for this time of year,” says Werger. “The result is we’re seeing good quality homes that are priced right moving quickly.”

I have Just Listed a great new Industrial opportunity in the Clearbrook Industrial area. It is a former school complex, the Simpson Elementary School, and it sits on 4.6 acres buildable land which is a portion of a 13.5 acre site bounded by a creek on the west and north boundaries. It includes 24,000 square feet of classrooms, offices, and lunchroom, gym and meeting room facilities. The land is flat, cleared and has covered and surface parking with outstanding exposure on Simpson Rd. The 2010 traffic count was about 7,500 cars per 24 hour period. Uses include a Trade School, all general Industrial applications and possibly assembly use, catering or banquet hall use. A full info package is available just contact me at kenneufeld@telus.net and I will email you a copy.

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Thursday, September 25, 2008 - Airport East Business Park

Airport East Business Park is the newest Industrial development that Ken Neufeld is working on. Located on busy Clearbrook Rd. it is ideally located with outstanding access to the Abbotsford International Airport as well as providing one of the most highly exposed road frontage locations in the Clearbrook Industrial area.

posted in News at Thu, 25 Sep 2008 15:37:08 -0700



Thursday, September 25, 2008 - Willowbrook addition

Ken Neufeld is pleased to announce that construction works have now begun on a new development at Willowbrook in Langley, B.C. This Commercial Retail Park is situated on five acres right next to busy Willowbrook Shopping.

posted in News at Thu, 25 Sep 2008 15:36:17 -0700



Thursday, September 25, 2008 - Airport North Business Park

Airport North Business Park, a 15 acre Industrial Park Ken Neufeld has been marketing since spring of 2007 is now leasing units in the third building with one building fully leased, one 80% leased and the last just completed with new Tenants moving in now. This Park can accommodate unit sizes from 2,400 square feet to over 30,000 square feet. Located with a total of four road frontages close to the very busy Abbotsford International Airport this Park could be your next business address.

posted in General at Thu, 25 Sep 2008 15:35:19 -0700



Thursday, September 25, 2008 - Maclure Road Business Park

Maclure Business Park is now moving to Phase Three of that development. Ken Neufeld has been successful in selling out over 90% of all the units in the first four buildings and with construction starting now on the last two buildings (completion late spring 2009) these units are now on the market on a pre-sale basis.

posted in News at Thu, 25 Sep 2008 15:34:08 -0700



Thursday, September 25, 2008 - La Galleria

Ken Neufeld will be offering another new project to look out for. It is a commercial development coming to Abbotsford that will be offering Strata Commercial spaces with an exciting new option. It will be known as La Galleria located right across from City Hall

posted in News at Thu, 25 Sep 2008 15:32:23 -0700



Thursday, September 25, 2008 - New Subdivision

Coming SoonBuilders be advised Eagle Estates is almost hereA single family residential subdivision coming on the market soon that will consist of 57 superior building lots with extraordinary views and the premium location in Abbotsford for your next new home.

posted in News at Thu, 25 Sep 2008 15:31:35 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009673

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009672

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009671

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009670

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009669

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009668

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009667

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3800966

Just added this listing:"Lease from $8.20 per sq ft shell"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009665

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009664

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F38009663

Just added this listing:"Lease for $8.20 per sq ft"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801279

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009.For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801295

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801278

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801289

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801277

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801290

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801284

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801291

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801283

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801287

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801282

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801288

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801274

Just added this listing:"Lease for $8.25 Per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801296

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009.For more information please visit the Industrial/Commercial tab on this web site "
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801275

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801298

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801276

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801297

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801281

Just added this listing:"Lease for $8.10 per sq ft New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit this link http://www.abbotsfordicirealestate.com/listings?pathway=127&pageId=161 "
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3801292

Just added this listing:"New Phase of Maclure Road Business Park ready for occupancy in 2009. For more information please visit the Industrial/Commercial tab on this web site"
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3800958

Just added this listing:"New strata warehouses ready for occupancy Spring 2008. Outstanding location, great access to Highway 11 and downtown Abbotsford."
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 25, 2008 - New Exclusive Listing - F3800957

Just added this listing:"Lease for $8.10 per sq ft New strata warehouses ready for occupancy Spring 2008. Outstanding location, great access to Highway 11 and downtown Abbotsford."
  
posted in Listings at Thu, 25 Sep 2008 05:00:00 -0700



Thursday, September 18, 2008 - Maclure Business Park

News from the Maclure Business Park:"A PROPOSED NEW BUSINESS PARK IS PLANNED TO BE DEVELOPED ON 7 ACRES LOCATED IMMEDIATELY EAST OF BABICH RD. ON THE NORTH SIDE OF MACLURE RD" For information on units available at the Maclure Business park Click Here.

posted in News at Thu, 18 Sep 2008 11:03:21 -0700



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