The Taylor Team's Real Estate Blog

Strong finish for mediocre year in Fraser Valley real estate

After a sluggish first half of the year, property sales in the Fraser Valley started picking up speed in the summer and finished strong in December, but not enough to surpass last year’s sales totals.         

The Board’s Multiple Listing Service® (MLS®) processed 15,487 sales in 2019, a 0.6 per cent decrease compared to 2018’s 15,586 sales and the lowest total sales volume for the Fraser Valley since 2013. The total dollar volume of MLS® transactions for the year was $11.2 billion, dropping from $11.8 billion sold during the year prior.  

In 2019, total sales of the three main residential property types – detached, townhome and apartment – was 13,773.  Of that total, 5,770 were

98 Views, 0 Comments
Read Full Post

A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

64 Views, 0 Comments
Read Full Post

REBGV President Ashley Smith gives a rundown of the November housing market for Metro Vancouver.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

46 Views, 0 Comments
Read Full Post

Unusual end-of-year demand for Fraser Valley real estate

A combination of unseasonably high demand and declining supply reinforced Fraser Valley’s real estate market in November.

The Fraser Valley Real Estate Board processed 1,405 sales of all property types on its Multiple Listing Service® (MLS®) in November, an 11.7 per cent decrease compared to sales in October 2019, and a 36.7 per cent increase compared to the 1,028 sales in November of last year.

Darin Germyn, President of the Board, says, “Some listings are seeing a lot of activity depending on location and property type. REALTORS® are reporting more showings, higher traffic at open houses and even some multiple offer situations, which is atypical for the time of year.

“For our region, a

53 Views, 0 Comments
Read Full Post

A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

57 Views, 0 Comments
Read Full Post

Follow REBGV President Ashley Smith as she takes you through housing market insights for Metro Vancouver.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

62 Views, 0 Comments
Read Full Post

Real estate rebound continues for Fraser Valley

The demand for Fraser Valley real estate is the strongest it’s been since the spring of 2018.   

The Fraser Valley Real Estate Board processed 1,592 sales of all property types on its Multiple Listing Service® (MLS®) in October, a  18.5 per cent increase compared to sales in September 2019, and a 37.8 per cent increase compared to the 1,155 sales in October of last year.   

Darin Germyn, President of the Board, says, “Our market started to pick up in the summer and we’ve been steadily improving since. It’s rare to see October home sales in the Fraser Valley outpace April and that’s what we’ve seen this year; our typical spring and fall markets have flipped. “Consumers are feeling more confident.

68 Views, 0 Comments
Read Full Post

A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

 

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

57 Views, 0 Comments
Read Full Post

Property sales in Fraser Valley have recovered bringing market into balance

For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long‐term averages.  

The Fraser Valley Real Estate Board processed 1,343 sales of all property types on its Multiple Listing Service® (MLS®) in September, a 3.5 per cent increase compared to sales in August 2019, and a 29.8 per cent increase compared to the 1,035 sales in September of last year.   

Darin Germyn, President of the Board, says, “The market’s return to balance is good news for both buyers and sellers, however it’s important to put the 30 per cent year‐over‐year increase in sales into context. September’s sales went from amongst the worst

100 Views, 0 Comments
Read Full Post

A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

74 Views, 0 Comments
Read Full Post

What's Your Home Worth? Find out now, for Free.

Let's Go