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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.

101 - 115 of 115

Wednesday, June 29, 2005 - Just Sold - F2505754

Just sold this listing:"Secure gated community featuring 35-estate duplex town home. Most units features breathtaking mountain and valley views of Mt.Baker & Sumas Mtns. 4 different fl oor plans to choose from, some with great room concept, $3000"
  
posted in Listings at Wed, 29 Jun 2005 05:00:00 -0700



Monday, June 27, 2005 - Just Sold - F2509203

Just sold this listing:"Freshly painted 1 bedroom unit facing East. Includes fridge, stove, washer, drye r, vacuum & kitchen dinette set. Shows a '10'."
  
posted in Listings at Mon, 27 Jun 2005 05:00:00 -0700



Wednesday, May 18, 2005 - New Listing - F2511449

Just added this listing:"Estates of Ellwood. 19+ age - gated community. 2 bedrooms, large storage laund ry area. Very well maintained upper unit. Complex has hot tub, sauna and recre ation facilities. Scroll thru photos of this unit."
  
posted in Listings at Wed, 18 May 2005 05:00:00 -0700



Tuesday, May 17, 2005 - Just Sold - F2428532

Just sold this listing:"Approx. 2400 sq.ft. quality finished new home in Regal Peaks. Maple kitchen, map le and metal railings, crown mouldings. Walkout from main living area to park-li ke backyard. Note: 2x6 construction,"
  
posted in Listings at Tue, 17 May 2005 05:00:00 -0700



Sunday, May 15, 2005 - Just Sold - F2505853

Just sold this listing:"Last phase now completing! Only 7 view suites left! 4 floor plans to choose from. Gated community featuring estate DUPLEX T/H. Breathtaking mountain & V alley views of Mt. Baker & Sumas flats. Some units w/great rm concept."
  
posted in Listings at Sun, 15 May 2005 05:00:00 -0700



Thursday, April 28, 2005 - New Listing - F2509203

Just added this listing:"Freshly painted 1 bedroom unit facing East. Includes fridge, stove, washer, drye r, vacuum & kitchen dinette set. Shows a '10'."
  
posted in Listings at Thu, 28 Apr 2005 05:00:00 -0700



Sunday, April 10, 2005 - Just Sold - F2429278

Just sold this listing:"Secure gated community feat. 35 estate DUPLEX T/H. Mosts units feat. breathtakin g MT. & valley views of Mt. Baker & Sumas flats. 4 diff. flr plans to choose fro m, some w/GR concept. $3000 appliance pkg. Under construction."
  
posted in Listings at Sun, 10 Apr 2005 05:00:00 -0700



Wednesday, March 16, 2005 - New Listing - F2505746

Just added this listing:"Secure gated community featuring 35-estate duplex town home. Most units features breathtaking mountain and valley views of Mt.Baker & Sumas Mtns. 4 different fl oor plans to choose from, some with great room concept."
  
posted in Listings at Wed, 16 Mar 2005 04:00:00 -0800



Wednesday, March 16, 2005 - New Listing - F2505752

Just added this listing:"Secure gated community featuring 35-estate duplex town home. Most units features breathtaking mountain and valley views of Mt.Baker & Sumas Mtns. 4 different fl oor plans to choose from, some with great room concept,"
  
posted in Listings at Wed, 16 Mar 2005 04:00:00 -0800



Wednesday, March 16, 2005 - New Listing - F2505847

Just added this listing:"Last phase now completing! Only 7 view suites left! 4 floor plans to choose fr om. Gated community featuring estate DUPLEX T/H. Breathtaking mountain & Valle y views of Mt. Baker & Sumas flats. Some units w/great rm concept."
  
posted in Listings at Wed, 16 Mar 2005 04:00:00 -0800



Wednesday, March 16, 2005 - New Listing - F2505853

Just added this listing:"Last phase now completing! Only 7 view suites left! 4 floor plans to choose from. Gated community featuring estate DUPLEX T/H. Breathtaking mountain & V alley views of Mt. Baker & Sumas flats. Some units w/great rm concept."
  
posted in Listings at Wed, 16 Mar 2005 04:00:00 -0800



Wednesday, March 16, 2005 - New Listing - F2505754

Just added this listing:"Secure gated community featuring 35-estate duplex town home. Most units features breathtaking mountain and valley views of Mt.Baker & Sumas Mtns. 4 different fl oor plans to choose from, some with great room concept, $3000"
  
posted in Listings at Wed, 16 Mar 2005 04:00:00 -0800



Tuesday, November 9, 2004 - New Listing - F2428532

Just added this listing:"Approx. 2400 sq.ft. quality finished new home in Regal Peaks. Maple kitchen, map le and metal railings, crown mouldings. Walkout from main living area to park-li ke backyard. Note: 2x6 construction,"
  
posted in Listings at Tue, 09 Nov 2004 04:00:00 -0800



Saturday, October 30, 2004 - New Listing - F2429278

Just added this listing:"Secure gated community feat. 35 estate DUPLEX T/H. Mosts units feat. breathtakin g MT. & valley views of Mt. Baker & Sumas flats. 4 diff. flr plans to choose fro m, some w/GR concept. $3000 appliance pkg. Under construction."
  
posted in Listings at Sat, 30 Oct 2004 05:00:00 -0700



Friday, June 1, 2001 - New Listing - F2111622

Just added this listing:"MAJESTIC RIDGE! Gated community, live at the top of the world! Unfinished & awaiting your custom selections. Has cedar siding w/accenting stone work! Great views of the valley. Call L.S. for more information."
  
posted in Listings at Fri, 01 Jun 2001 05:00:00 -0700



101 - 115 of 115
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