The Taylor Team's Real Estate Blog

Fraser Valley market sees typical spring increase in March sales

 SURREY, BC – Last month, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015.

The Fraser Valley Real Estate Board processed 1,221 sales of all property types on its Multiple Listing Service® (MLS®) in March, a 24.3 per cent increase compared to sales in February 2019, and a 26.6 per cent decrease compared to the 1,664 sales in March of last year. Of the 1,221 total sales, 462 were residential detached homes, 300 were townhouses, and 346 were apartments. This was the lowest sales total for the Board during March since 2013.

Darin Germyn, President of the Board, said of the market: “From a buyer’s

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REBGV President gives a rundown of the market trends in the Metro Vancouver housing market in March 2019.

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.

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Fraser Valley real estate market gears up for spring

Coming off a mild January, the Fraser Valley real estate market saw an increase in sales activity and overall inventory in February along with decreased prices in several of its communities.

The Fraser Valley Real Estate Board processed 982 sales of all property types on its Multiple Listing Service® (MLS®) in February, a 25.3 per cent increase compared to sales in January 2019, and a 29.1 per cent decrease compared to the 1,385 sales in February of last year. Of the 982 total sales, 354 were residential detached homes, 236 were townhouses, and 288 were apartments.

Darin Germyn, President of the Board, said of the market: “With inventory continuing to build, and prices softening across many of

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A look at the home sales and listings activity in Metro Vancouver with REBGV President Phil Moore

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.

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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.

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Inventory rises and apartment sales take lead during modest January market

Overall inventory levels continued to recover as market activity remained moderate through January.

The Fraser Valley Real Estate Board processed 784 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 2 per cent decrease compared to sales in December 2018, and a 35.2 per cent decrease compared to the 1,210 sales in January of last year.

Of the 784 total sales, 250 were residential detached homes, 190 were townhouses, and 257 were apartments. This is the first time in the Board’s history that apartments have outsold residential detached homes during a month.

“This remains a challenging environment for buyers and sellers alike,” said John

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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.

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January 2019 Market Insights for Metro Vancouver with REBGV President Phil Moore and REBGV President-elect Ashley Smith.

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.

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Phil Moore, REBGV president, walks us through the 2018 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.

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Fraser Valley housing market slows down in 2018

After three consecutive years of total annual sales surpassing 20,000 units, 2018 saw the Fraser Valley real estate market return to more typical levels for both sales and inventory.

The Board’s Multiple Listing Service® (MLS®) processed 15,586 sales in 2018, a 30.2 per cent decrease compared to 2017’s 22,338 sales and the lowest total sales for the Fraser Valley since 2013. The total dollar volume of MLS® transactions for the year was $11.8 billion, dropping from $15.7 billion sold during the year prior.

Of the total transactions that took place in 2018, 3,866 were townhouses and 4,296 were apartments. Each of those property types saw a significant decrease in sales compared to 2017, with total

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