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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.

1 - 54 of 54

Tuesday, November 11, 2014 - Market Summary November 6 2014

WHAT IS REAL ESTATE GOING TO DO? Insider?s Analysis for January 2007 ? October 2014 For full summary please click here.

posted in General at Tue, 11 Nov 2014 17:22:45 -0800



Tuesday, November 4, 2014 - Increased demand for Fraser Valley townhouses and single family homes

                      [Edit Content] Increased demand for Fraser Valley townhouses and single family homes November, 03 2014 04:11:20 pm, by FVREBCategories: 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 ... Full Article...

posted in General at Tue, 04 Nov 2014 12:54:42 -0800



Wednesday, June 6, 2012 - WARMER WEATHER GENERATES ACTIVITY IN FRASER VALLEYâ??S HOUSING MARKET

WARMER WEATHER GENERATES ACTIVITY IN FRASER VALLEY?S HOUSING MARKET   (Surrey, BC) ? Home sellers and buyers in the Fraser Valley took advantage of the first warm spell of the year triggering an increase in new listings and keeping sales steady last month.The Fraser Valley Real Estate Board posted 1,616 sales in May, an increase of 13 per cent compared to April and on par with the 1,608 sales processed on the Board?s Multiple Listing Service (MLS®) during May 2011. At the same time, the Board ... Full Article...

posted in General at Wed, 06 Jun 2012 09:39:36 -0700



Tuesday, May 8, 2012 - What Real Estate will really do

This chart has been put together and shows the amount of sales versus the amount of listings. The percentage of monthly sales against the total inventory of listings on the market is the best way I know of to track trends. It is important to note that one month?s percentage does not indicate price changes, however, if over many months a trend develops, prices may change. Above 23% indicates a Seller?s market, below 23% indicates a stable or Buyer?s market. When the sold percentage is over 23%, ... Full Article...

posted in General at Tue, 08 May 2012 16:39:21 -0700



Friday, March 16, 2012 - B.C New Home HST Calculator

Here is a Helpful link to help find how much HST/GST will be owed on your new home. http://www.rosborough.com/bc-real-estate-new-home-hst-calculator.html?gclid

posted in General at Fri, 16 Mar 2012 10:07:26 -0700



Thursday, March 8, 2012 - Real Estate news

News Release: March 2, 2012TYPICAL ?PRE-SPRING? SURGE IN HOME SALES & NEW LISTINGS KEEPS MARKET STEADY(Surrey, BC) ? The Fraser Valley Real Estate Board?s Multiple Listing Service® (MLS®) recorded 1,269 sales in February, an increase of 59 per cent compared to January and a 1 per cent decrease compared to the 1,279 sales during February of last year.In terms of new listings, the Board received 2,846 in February, an increase of 3 per cent compared to January and a 6 per cent decrease compared to ... Full Article...

posted in General at Thu, 08 Mar 2012 12:06:37 -0800



Monday, January 30, 2012 - New Listing

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 ... Full Article...

posted in General at Mon, 30 Jan 2012 13:43:54 -0800



Friday, April 16, 2010 - March 2010 Real Estate Stats are In!

Buyer's Market Continues in the Fraser Valley (Surrey, BC) - With plenty of selection and relatiely modest price increases, buyers are enjoying a healthy spring market in the Fraser Valley. The Board's Multiple Listing Service (MLS) recorded 1,565 sales in March, an increase of 30 per cent over February's sales and an increase of 56 per cent over the 1,006 sales processed March of last year. Click here to see the entire stats package 

posted in General at Fri, 16 Apr 2010 15:44:18 -0700



Thursday, March 4, 2010 - February Real Estate Stats!

STRONGER THAN EXPECTED FRASER VALLEYHOME SALES DURING OLYMPICS! Not even the most engaging Olympics in Canadian history could completely slow theappetite for house hunting, according to the most recent statistics from the Fraser Valley Real Estate Board.The Board?s Multiple Listing Service® (MLS®) recorded 1,204 sales in February, an increase of 23 percent over January?s sales and an increase of 77 per cent over the 682 sales during February of last year.To read more visit.... February 2010 MLS ... Full Article...

posted in General at Thu, 04 Mar 2010 21:45:53 -0800



Sunday, February 14, 2010 - January 2010 MLS Stats

MLS Stats for January 2010

posted in General at Sun, 14 Feb 2010 14:30:02 -0800



Thursday, October 1, 2009 - Abbotsford Upgrades

Abbotsford has been approved 55,000,000 in infrastructure upgrades click the link below for more information.Abbotsford Upgrades

posted in General at Thu, 01 Oct 2009 02:44:30 -0700



Friday, September 4, 2009 - New Real Estate Stats for August

News Release: September 2, 2009?MOVE-UP? BUYERS RETURN TO FRASER VALLEY REAL ESTATE IN AUGUSTSurrey, BC) - The Fraser Valley Real Estate Board credits ?move-up? buyers and greater affordability for the second best August in its real estate sales history, bolstered by a summer of historically low interest rates.There were 1,786 sales processed in August, an increase of 96 per cent compared to the 910 sales during the same month last year. Add in sales from June and July generated by many ...

posted in General at Fri, 04 Sep 2009 14:52:33 -0700



Thursday, August 6, 2009 - July Real Estate News Letter

News Release: August 5, 2009JULY REAL ESTATE SALES REACH RECORD LEVELS IN FRASER VALLEY(Surrey, BC) - Fraser Valley saw the highest number of real estate transactions ever recorded for the month of July. There were 2,089 sales processed on the Fraser Valley Real Estate Board's Multiple Listings Service® (MLS®), an increase of 62.3 per cent compared to 1,284 sales in July of last year. The previous highest July was in 2005, with 2,051 sales."The factors contributing to last month's sales are ... Full Article...

posted in General at Thu, 06 Aug 2009 15:32:58 -0700



Sunday, August 2, 2009 - Eagle Estates

Eagle Estates are now ready for Preview.  Eagle Mountains newest development is now in it?s preview phase.  Click this link for more information    http://www.abbotsfordicirealestate.com/page_content-152.html

posted in General at Sun, 02 Aug 2009 18:46:08 -0700



Tuesday, June 9, 2009 - The BCREA - Housing Forecast - some good news

http://www.bcrea.bc.ca/economics/HousingForecast.pdf

posted in General at Tue, 09 Jun 2009 13:25:13 -0700



Tuesday, June 9, 2009 - Unexpected huge increase in home sales in the U.S.

http://www.bnn.ca/news/9806.html

posted in General at Tue, 09 Jun 2009 13:15:45 -0700



Tuesday, June 9, 2009 - B.C. Housing Prices Stabilizing

http://www.globaltv.com/globaltv/bc/story.html?id=1632548

posted in General at Tue, 09 Jun 2009 13:14:13 -0700



Sunday, April 19, 2009 - TSX up 6 weeks in a row

 http://www.bnn.ca/news/8630.html

posted in General at Sun, 19 Apr 2009 23:34:05 -0700



Saturday, April 4, 2009 - Positve signs from the Realestate Board

SIGNS OF OPTIMISM IN FRASER VALLEY REAL ESTATE MARKETApril 2, 2009(Surrey, BC) - Fraser Valley REALTORS® credit first-time homebuyers, low interest rates and greater overall confidence in the housing market for an increase in sales on the Multiple Listing Service® (MLS®) in March.The Fraser Valley Real Estate Board reports 1,006 sales were processed in March, reflecting a 24 per cent decrease compared to the 1,315 sales in March of last year, however, a 48 per cent jump from February?s 682 ...

posted in General at Sat, 04 Apr 2009 15:40:36 -0700



Saturday, April 4, 2009 - Look at the TSX now

http://www.bnn.ca/news/8322.html

posted in General at Sat, 04 Apr 2009 15:36:56 -0700



Wednesday, March 18, 2009 - U.S. Housing starts and building permits surge

http://www.bnn.ca/news/7933.html

posted in General at Wed, 18 Mar 2009 08:00:39 -0700



Friday, March 13, 2009 - More good news from the Good News economist

More strong recovery signsPosted: 12 Mar 2009 09:42 PM PDTOur list of positives is growing and Thursday saw some extremely positive recovery signs.1. We have now had strong retail reports for both Jan and Feb this year. The Feb growth number was actually flat, but much stronger than many had feared. Feb retail sales are typically the most weak month of the year. Further the Jan number was revised upward, meaning the Jan growth was actually stronger than originally reported.2. Late on ...

posted in General at Fri, 13 Mar 2009 12:10:08 -0700



Friday, March 13, 2009 - Have you checked the market today?

http://www.bnn.ca/news/7868.html

posted in General at Fri, 13 Mar 2009 12:08:54 -0700



Friday, February 27, 2009 - Canada may be boring but we're #1

An American PerspectiveNewsweek: Oh those Boring Canadiansby : Fareed Zakariain : NEWSWEEKFeb 16, 2009The legendary editor of The New Republic, Michael Kinsley, once held a"Boring Headline Contest" and decided that the winner was "WorthwhileCanadian Initiative." Twenty-two years later, the magazine was rescued fromits economic troubles by a Canadian media company, which should have taughtus Americans to be a bit more humble. Now there is even more strikingevidence of Canada's virtues. Guess ... Full Article...

posted in General at Fri, 27 Feb 2009 14:14:37 -0800



Friday, February 27, 2009 - U.S. Fed Chairman Bernanke gets it right

http://mast-economy.blogspot.com/2009/02/bernake-gets-it-just-right.html

posted in General at Fri, 27 Feb 2009 14:11:32 -0800



Sunday, February 15, 2009 - The Good News Economist

If you look at my website you will see that I post a number of this economists views. This one in particular is of note since it could well signal the start of a major shift in the U.S. Real Estate investment community.The Good News EconomistFannie Loosens Credit Restrictions to InvestorsPosted: 13 Feb 2009 07:10 PM PSTYesterday you read about consumer spending rising in January and foreclosures plummeting. That?s good news for home owners looking to stay in their houses or needing to sell in ... Full Article...

posted in General at Sun, 15 Feb 2009 13:15:16 -0800



Sunday, February 15, 2009 - More from the Good News Economist

Friday Sunshine: Foreclosures Plummet, Retail Sales UpPosted: 12 Feb 2009 08:55 PM PSTOn Friday two weeks ago, you read that the propensity to report good news was on the rise. This week, and this Friday in particular, are no exception.To review:1. A closer look at jobs data revealed that companies are indeed hiring again and that the dismal unemployment reports are largely a result of November/December actions.2. Three major retailers demonstrated by their January sales announcements that its ... Full Article...

posted in General at Sun, 15 Feb 2009 13:13:51 -0800



Monday, February 9, 2009 - Visa first quarter profits beat estimates

http://www.reuters.com/article/businessNews/idUSTRE5136WV20090204?feedType=R

posted in General at Mon, 09 Feb 2009 15:31:30 -0800



Monday, February 9, 2009 - January housing sales volume slows to historic levels in Fraser Valley

News Release: February 3, 2009January housing sales volume slows to historic levels in Fraser Valley(Surrey, BC) ? A total of 389 sales were processed through Fraser Valley?s MLS® in January, a decrease of 59 per cent compared to 956 sales in January 2008 and comparable to January sales figures last seen in the early 1980s, according to statistics from Fraser Valley Real Estate Board?s Multiple Listing Service®.However, for the fourth month in a row, the Board received fewer new listings. ...

posted in General at Mon, 09 Feb 2009 15:30:36 -0800



Tuesday, February 3, 2009 - More good News from the Good News Economist

?look at these figures for some surprising good news on the U.S. economy which is so important to ours?http://mast-economy.blogspot.com/2009/01/propensity-to-report-good-news.html

posted in General at Tue, 03 Feb 2009 12:19:20 -0800



Saturday, January 24, 2009 - "And this makes it 3 for 3 with unexpected Q4 profits...."

http://mast-economy.blogspot.com/2009/01/q4-trifecta-pays-62b.html

posted in General at Sat, 24 Jan 2009 04:16:01 -0800



Saturday, January 24, 2009 - "More good news, this time from IBM" read on

The Good News EconomistBig Blue Charges into 2009Posted: 20 Jan 2009 10:16 PM PSTSo last week you heard the good news from Intel.And this week it is Big Blue (IBM) leading the technology earnings charge into the new year.You?ll remember last week Intel suggesting that despite earlier (and eager press) reports, they were *not* going to layoff any workers. And that they fully expected healthy margin levels later in 2009.Similiarly today, IBM announced that it sees a strong profit outlook in 2009. ... Full Article...

posted in General at Sat, 24 Jan 2009 04:12:53 -0800



Saturday, January 24, 2009 - U.S. consumer confidence rise surprises economists by RISING in January

abbotsfordicirealestate.com/siteFiles/File/U%20S%20%20consumer%20confidence%20rises%20surprisingly.pdf

posted in General at Sat, 24 Jan 2009 04:09:56 -0800



Friday, January 23, 2009 -

more at ......http://www.bnn.ca/news/6227.html

posted in General at Fri, 23 Jan 2009 16:57:40 -0800



Sunday, January 18, 2009 - Three more Companies positing GAINS in the first quarter of 2009 more at ....

abbotsfordicirealestate.com/siteFiles/File/Shaw%20Voice%20Mobility%20XM%20Canada%20post%20gains.pdf

posted in General at Sun, 18 Jan 2009 16:02:14 -0800



Sunday, January 18, 2009 - "Retail sales for Dec. 2008 were UP!!! Unlike U.S." for more read.....

http://www.financialpost.com/news/story.html?id=1158766

posted in General at Sun, 18 Jan 2009 15:59:20 -0800



Wednesday, January 14, 2009 - Another web site devoted to positive news. A must read

http://wordpress.com/tag/positive-economic-news/

posted in General at Wed, 14 Jan 2009 23:43:31 -0800



Tuesday, January 13, 2009 - Landcor's 2009 Adjusted Value Profiler

?Since 80% of residential property assessments are capped this year is there a quick tool to determine value??Landcor?s 2009 Adjusted Value ProfilerLandcor.comhttp://www.landcor.com/images/newsletter/landcor_small.jpgWith over 80% of residential property assessments being capped this year, a property?s assessed value can no longer be used to determine market value in 2009.Landcor Data Corporation understands the impact this change is having on businesses. To meet the needs of our clients ...

posted in General at Tue, 13 Jan 2009 16:28:35 -0800



Tuesday, January 13, 2009 - More from the Good News Economist

http://mast-economy.blogspot.com/2009/01/banks-are-no-longer-failing.html     

posted in General at Tue, 13 Jan 2009 14:30:02 -0800



Monday, January 12, 2009 - have you ever heard of a good news economist

If not you should read this economists opinion on some of the leading indicators. Great food for thought here. http://www.mast-economy.blogspot.com/

posted in General at Mon, 12 Jan 2009 01:42:34 -0800



Monday, January 12, 2009 - If you saw POSITIVE economic news bordB.C. would you read it and if your answer is yes then the foll

http://www.gov.bc.ca/keyinitiatives/economic_indicators.html  

posted in General at Mon, 12 Jan 2009 01:39:58 -0800



Monday, January 12, 2009 - Abbotsford Industrial Area Plans for CICP draft July, 2008

http://www.abbotsford.ca/AssetFactory.aspx?did=8352

posted in General at Mon, 12 Jan 2009 01:36:01 -0800



Friday, January 9, 2009 - Yearly MLS Stats now up

Decembers, and 2008 MLS Stats are now availbe on the web site. Look for the big red tab on the front page.

posted in General at Fri, 09 Jan 2009 14:43:26 -0800



Monday, November 3, 2008 - Good News

Special thanks to William Phillips Group, ALERON for the summary of a lot of "Good New" for Canadians click here to view Good News

posted in General at Mon, 03 Nov 2008 11:15:28 -0800



Wednesday, October 29, 2008 - American Dollar

Here is some information a client of mine passed along. I thought it may be interest to you.Institutional investors and hedge funds are having to pay down some of the loans which they have taken out over the past few years. Previously these investors had been rolling over loans in the lower yielding currencies of the yen, swiss franc, and dollar in order to pick up the 'carry' between these low interst loans and their higher yielding investments. Now, due to the credit crunch, the lenders are ... Full Article...

posted in General at Wed, 29 Oct 2008 14:48:15 -0700



Wednesday, October 29, 2008 - Housing in the USA

Its amazing these comedians got it better than the American Government did.http://www.brasschecktv.com/page/187.html

posted in General at Wed, 29 Oct 2008 14:31:35 -0700



Thursday, October 23, 2008 - Some Stats that may surprise you

Here are some stats taken right from the Fraser Valley MLS system for Abbotsford they may surprise you.MLS Housing Stats Report

posted in General at Thu, 23 Oct 2008 12:16:09 -0700



Thursday, October 23, 2008 - According to Donovan Collins, AACI

Here is another interesting Article regarding the current house situation.Donovan Collins article

posted in General at Thu, 23 Oct 2008 12:13:31 -0700



Thursday, October 16, 2008 - Maclure Road Business Park

Maclure Road Business Park would like to welcome all the various business who have chosen Maclure Road Business Park as their home.Allegra Print & Imaging                        www.allegranetwork.com/abbotsford Fraser Valley EngineeringCalder Wines CellarAggressive Custom MFGBob?s Auto RepairAces RV Repair                                    www.acesrvrepair.com Atlas Roof Maintanence                       www.atlasroof.ca

posted in General at Thu, 16 Oct 2008 20:37:30 -0700



Wednesday, October 15, 2008 - Airport North Business Park

Airport North Business Park would like to welcome all its Tenants and a special welcome to it?s newest:Vintage Coffee Roasting will be opening soon at 30553 Great Northern Ave. 2707 Progressive WayGuillevin International                  www.guillevin.comTotal Office                                   www.totalofficebc.ca West Coast Machinery                   www.wcmachinery.netStanpro Lighting                            www.stanprols.com   2730 Progressive ...

posted in General at Wed, 15 Oct 2008 14:31:31 -0700



Tuesday, October 14, 2008 - How about some good news on the Canadian economy

A report by Derek Holt and Karen Cordes from the Bank of Nova Scotica explains some of the differances between the Canadian banking system and the American. Please visit this link to see the full report.  Bank of Nova Scotica report

posted in General at Tue, 14 Oct 2008 22:10:25 -0700



Tuesday, October 14, 2008 - Williowbrook

The Willowbrook addition is proceeding as planned. The site located near the Brick is now being cleared and prepared for construction.

posted in General at Tue, 14 Oct 2008 22:07:27 -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



Wednesday, July 30, 2008 - The New Website!

Today marks the first day of the new website. The new site offers a wealth of fresh industry information that's constantly being updated. Have a great time checking it out!

posted in General at Wed, 30 Jul 2008 15:37:37 -0700



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