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Source: Fraser Valley Real Estate Board

SURREY, BC – Demand for Fraser Valley properties persisted through November, once again bolstered by strong attached sales across the region.

The Fraser Valley Real Estate Board processed 1,743 sales of all property types on its Multiple Listing Service® (MLS®) in November, an increase of 39.8 per cent compared to the 1,247 sales in November of last year, and a 3.1 per cent decrease compared to the 1,799 sales in October 2017. This will mark the second highest sales total for a November in the Board’s history.

Attached sales represented 53% of all market activity for the month, with apartment sales totaling 496 and townhomes at 426.

“Our attached market feels like our detached market used to,” Gopal Sahota, Fraser Valley Real Estate Board President remarked. “With our townhome and apartment inventory here, you have the same wide spectrum for pricing and supply that’s helping buyers of all types find success in the Valley.”

Last month the total active inventory for the Fraser Valley was 5,129 listings. Active inventory decreased by 6.5 per cent month-over-month, and decreased 8.4 per cent when compared to November 2016.

The Board received 2,324 new listings in November, a 6.3 per cent decrease from October 2017, and a 29.7 per cent increase compared to November 2016’s 1,792 new listings.

“As you can imagine, attached listings are moving fast and often facing multiple offer situations,” continued Sahota. “Talk to a REALTOR® if you’re ready to buy, and they can help give you the best chance at the homes you want.”

For the Fraser Valley region the average number of days to sell an apartment in November was 17, and 21 for townhomes. Single family detached homes remained on the market for an average of 31 days before selling.

HPI® Benchmark Price Activity

  • Single Family Detached: At $972,700, the Benchmark price for a single family detached home in the Valley increased 0.1 per cent compared to October 2017, and increased 13.2 per cent compared to November 2016.
  • Townhomes: At $505,700, the Benchmark price for a townhome in the Fraser Valley increased 0.6 per cent compared to October 2017, and increased 19 per cent compared to November 2016.
  • Apartments: At $376,700, the Benchmark price for apartments/condos in the Fraser Valley increased 2 per cent compared to October 2017, and increased 36.6 per cent compared to November 2016.

Find the November Statistics Package here.

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I have sold a property at 302 20257 54 AVE in Langley.
Priced to impress, looks equally good! This beautifully maintained home features 2 spacious bedrooms, large ensuite with soaker tub off dressing-room in master, bay window with nook seating, 2nd bedroom has slider access to balcony. Livingroom features heat controlled centre gas fireplace, oversize windows for natural light and view, vaulted ceiling, diningroom will accomodate cozy dinner parties and is open to kitchen with features that include updated white cabinets and tile backsplash, counters and flooring. Oxford Court is well managed and features a small common room, numerous security updates, secure parking and locker area. Area amenities include shopping, transit and parks. Call soon or this good buy will soon be good bye!
Read Full Story
I have listed a new property at 302 20257 54 AVE in Langley.
Priced to impress, looks equally good! This beautifully maintained home features 2 spacious bedrooms, large ensuite with soaker tub off dressing-room in master, bay window with nook seating, 2nd bedroom has slider access to balcony. Livingroom features heat controlled centre gas fireplace, oversize windows for natural light and view, vaulted ceiling, diningroom will accomodate cozy dinner parties and is open to kitchen with features that include updated white cabinets and tile backsplash, counters and flooring. Oxford Court is well managed and features a small common room, numerous security updates, secure parking and locker area. Area amenities include shopping, transit and parks. Call soon or this good buy will soon be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – Ongoing demand for properties in the Fraser Valley saw overall sales reach the second highest point for an October in the Board’s history.

The Fraser Valley Real Estate Board processed 1,799 sales of all property types on its Multiple Listing Service® (MLS®) in October, an increase of 23 per cent compared to the 1,463 sales in October of last year, and an 11.1 per cent increase compared to the 1,619 sales in September 2017.

Attached sales represented 56% of all market activity for the month, with apartment sales totaling 591 and townhomes at 418.

“The divide between our attached and detached markets continues to widen,” Gopal Sahota, Fraser Valley Real Estate Board president said. “Apartment activity was notably strong in October with a sales-to-actives ratio of 105 per cent, meaning that apartments are selling as fast as we can list them.”

Last month the total active inventory for the Fraser Valley was 5,483 listings. Active inventory decreased by 6.3 per cent month-over-month, and decreased 9.1 per cent when compared to October 2016.

The Board received 2,479 new listings in October, a 13 per cent decrease from September 2017, and a 12.8 per cent increase compared to October 2016’s 2,197 new listings.

“Your real estate experience in the Valley is going to be very different depending on what you’re looking for or selling,” continued Sahota. “Regardless, with the help of a professional REALTOR® you can understand exactly what’s happening in your market and find success.”

For the Fraser Valley region the average number of days to sell an apartment in October was 18 days, and 19 days for townhomes. Single family detached homes remained on market for an average of 31 days before selling.

HPI® Benchmark Price Activity

  • Single Family Detached: At $971,900, the Benchmark price for a single family detached home in the Valley decreased 0.3 per cent compared to September 2017, and increased 11.8 per cent compared to October 2016.
  • Townhomes: At $502,800 the Benchmark price for a townhome in the Fraser Valley increased 0.8 per cent compared to September 2017, and increased 18.4 per cent compared to October 2016.
  • Apartments: At $369,400, the Benchmark price for apartments/condos in the Fraser Valley increased 3.1 per cent compared to September 2017, and increased 36.4 per cent compared to October 2016.

Find the October Statistics Package here.

Post CommentComments: 0Read Full Story

I have sold a property at 77 2315 198 ST in Langley.
Priced to impress, looks equally good! A pride to show, this 2 BR open concept home has been beautifully updated thruout, features include new flooring, open bright kitchen with new counters & cabinets, glass tile backsplash, sink & sensor tap, bathroom updates include double vanity & shower, other updates include new doors, casings, plugs & switches. LVGRM features centre wall gas fireplace and new vinyl window, out door space features 20 x 13 covered deck perfect for year round living. Deer Creek Estates is the ultimate community in Langley for those 45+ and 1 small pet. Pad rent $672 per month includes use of clubhouse, common property, water. Call soon or this good buy will soon be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – Residential property sales in the Fraser Valley remained strong in September, with both attached and detached homes performing well throughout the region.

The Fraser Valley Real Estate Board processed 1,619 sales of all property types on its Multiple Listing Service® (MLS®) in September, an increase of 24.1 per cent compared to the 1,305 sales in September of last year, and a 13.8 per cent decrease compared to the 1,879 sales in August 2017. This was the fifth highest sales total for a September in the Board’s history.

Of the total sales processed 392 were townhouses and 470 were apartments, together representing 53% of market activity in September.

“Often we see summer demand continue as far as October, so it’s not unusual to have another strong month before the seasonal cool down,” said Board President Gopal Sahota. “What’s unusual this year is that attached inventory sales are still driving the market despite the increased competition we’re seeing there.”

Last month the total active inventory for the Fraser Valley was 5,854 listings. Active inventory increased by 2.5 per cent month-over-month, and decreased 8.8 per cent when compared to September 2016.

The Board received 2,848 new listings in September, an 8.2 per cent decrease from August 2017, and a 5.1 per cent increase compared to September 2016’s 2,709 new listings.

“It’s also interesting to observe the return to a balanced market for detached homes here in the Valley,” continued Sahota. “While pricing remains stable, competition for houses has simmered and listings are staying on market longer. If you were waiting to make a move or upgrade, now might be a good time to talk to your REALTOR® and see what’s out there.”

For the Fraser Valley region the average number of days to sell an apartment in September was 19 days, and 18 days for townhomes. Single family detached homes remained on market for an average of 29 days before selling.

HPI® Benchmark Price Activity

  • Single Family Detached: At $974,500, the Benchmark price for a single family detached home in the Valley decreased 0.2 per cent compared to August 2017, and increased 11.2 per cent compared to September 2016.
  • Townhomes: At $498,900 the Benchmark price for a townhome in the Fraser Valley increased 1.4 per cent compared to August 2017, and increased 17.7 per cent compared to September 2016.
  • Apartments: At $358,200, the Benchmark price for apartments/condos in the Fraser Valley increased 2.5 per cent compared to August 2017, and increased 35.2 per cent compared to September 2016.

Find the September Statistics Package here.


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I have sold a property at 154 9080 198 ST in Langley.
Maxi home, mini price! Act quickly on this 2 BR 1 bath home situated in parklike setting, this Jersey plan features bright, open kitchen with adjoining nook, living/diningroom with vaulted ceiling and gas fireplace. Mbdrm offers private access to full bath, cross hall spacious 2nd BR and laundry room with access to side yard. Recent updates include roof, flooring, faucets, entrance deck, other features include separate garden/storage. Pad rent $782 per month includes water, sewer, use of clubhouse amenities, off leash pooch park; visitor & RV parking available. This gated community lifestyle is for those 55+, 1 small pet ok. Direct access to Walnut Grove shops, transit, recreation, call soon or this good buy will soon be good bye!
Read Full Story
I have listed a new property at 77 2315 198 ST in Langley.
Priced to impress, looks equally good! A pride to show, this 2 BR open concept home has been beautifully updated thruout, features include new flooring, open bright kitchen with new counters & cabinets, glass tile backsplash, sink & sensor tap, bathroom updates include double vanity & shower, other updates include new doors, casings, plugs & switches. LVGRM features centre wall gas fireplace and new vinyl window, out door space features 20 x 13 covered deck perfect for year round living. Deer Creek Estates is the ultimate community in Langley for those 45+ and 1 small pet. Pad rent $672 per month includes use of clubhouse, common property, water. Call soon or this good buy will soon be good bye!
Read Full Story
I have listed a new property at 154 9080 198 ST in Langley.
Maxi home, mini price! Act quickly on this 2 BR 1 bath home situated in parklike setting, this Jersey plan features bright, open kitchen with adjoining nook, living/diningroom with vaulted ceiling and gas fireplace. Mbdrm offers private access to full bath, cross hall spacious 2nd BR and laundry room with access to side yard. Recent updates include roof, flooring, faucets, entrance deck, other features include separate garden/storage. Pad rent $782 per month includes water, sewer, use of clubhouse amenities, off leash pooch park; visitor & RV parking available. This gated community lifestyle is for those 55+, 1 small pet ok. Direct access to Walnut Grove shops, transit, recreation, call soon or this good buy will soon be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – Persistent and growing demand for townhomes and apartments in the Fraser Valley led to the second strongest August historically in terms of sales.

The Fraser Valley Real Estate Board processed 1,879 sales of all property types on its Multiple Listing Service® (MLS®) in August, an increase of 10.9 per cent compared to the 1,694 sales in August of last year, and a 3 per cent decrease compared to the 1,937 sales in July 2017.

Of the total sales processed 470 were townhouses and 548 were apartments, together representing 54% of market activity in August.

“It’s not surprising to see demand like this still so late into the summer; the Fraser Valley has never been a better place to live than it is now,” said Board President Gopal Sahota. “Our communities are thriving, and there are still affordable options throughout our region. Also, it doesn’t hurt that removing the bridge tolls gives us even greater access to the Lower Mainland.”

Last month the total active inventory for the Fraser Valley was 5,712 listings. Active inventory decreased by 4.3 per cent month-over-month, and decreased 6.4 per cent when compared to August 2016.

The Board received 2,633 new listings in August, a 20.2 per cent decrease from July 2017, and a 7.3 per cent decrease compared to August 2016’s 2,840 new listings.

“Anyone whose looking for a townhome or apartment will have to move quickly – units are selling faster than they ever have here,” continued Sahota. “Talk to your REALTOR® for the best advice on how to prepare yourself and succeed in a competitive market like this one.”

For the Fraser Valley region the average number of days to sell an apartment in August was 17 days, notable when compared to 26 at this time last year. Townhomes sold in an average of 16 days, and single family detached took 25.

HPI® Benchmark Price Activity

  •  Single Family Detached: At $976,000, the Benchmark price for a single family detached home in the Valley increased 1 per cent compared to July 2017, and increased 10.2 per cent compared to August 2016.
  • Townhomes: At $491,900 the Benchmark price for a townhome in the Fraser Valley increased 1.2 per cent compared to July 2017, and increased 16.6 per cent compared to August 2016.
  • Apartments: At $349,300, the Benchmark price for apartments/condos in the Fraser Valley increased 2.4 per cent compared to July 2017, and increased 32.8 per cent compared to August 2016.

Find the August Statistics Package here.

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I have sold a property at 53 9080 198 ST in Langley.
Happiness is affordability! This sharply priced home offers easy care laminate & lino floors throughout, easily accessed rooms, double shower, full size laundry area tucked into bathroom. This home has been well maintained with updated electrical, window unit A/C, 2nd BR is ideal for hobby/den use. Spacious kitchen & eating area have access to covered deck, separate workshop/storage is heated and insulated. A view over green space, nice location in park, great amenities, central Walnut Grove location all combine to make this home a pleasure to show! Pad rent $747 p/month includes water & sewer, gated 55+ community, 1 small pet OK. Call soon or this good buy will be good bye!
Read Full Story
I have listed a new property at 53 9080 198 ST in Langley.
Happiness is affordability! This sharply priced home offers easy care laminate & lino floors throughout, easily accessed rooms, double shower, full size laundry area tucked into bathroom. This home has been well maintained with updated electrical, window unit A/C, 2nd BR is ideal for hobby/den use. Spacious kitchen & eating area have access to covered deck, separate workshop/storage is heated and insulated. A view over green space, nice location in park, great amenities, central Walnut Grove location all combine to make this home a pleasure to show! Pad rent $747 p/month includes water & sewer, gated 55+ community, 1 small pet OK. Call soon or this good buy will be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – Sales activity remained strong in July, despite month-over-month decreases for each of the three major residential property types. This was the sixth strongest July historically for the Fraser Valley Real Estate Board.

The Fraser Valley Real Estate Board processed 1,937 sales of all property types on its Multiple Listing Service® (MLS®) in July, a decrease of 1.3 per cent compared to the 1,962 sales in July of last year, and a 24.7 per cent decrease compared to the 2,571 sales in June 2017.

Of the 1,937 sales processed last month, 447 were townhouses and 544 were apartments. This is the twelfth consecutive month attached sales have outpaced detached sales in the region.

“Even though activity has eased off for the summer we’re continuing to see the same trends we’ve seen all year. Namely, strong demand for attached-style homes and slight but steady increases in pricing,” said Gopal Sahota, Board President.

Last month the total active inventory for the Fraser Valley was 5,970 listings. Active inventory decreased by 0.7 per cent year-over-year, and increased 8.8 per cent when compared to June 2017.

The Board received 3,301 new listings in July, a 2.3 per cent increase from July 2016, and a 11 per cent decrease compared to June 2017’s 3,707 new listings.

“Thankfully we’re continuing to see greater amounts of inventory come on to the market, with homes that are priced effectively still selling fast and encountering multiple offer situations,” continued Sahota.

“If you’re looking to buy, you’ll be in the best position to do so if you know what you want and can make a decision quickly. Talk to a REALTOR® to help you get where you need to be.”

For the Fraser Valley region, the average number of days to sell a single family detached home in July 2017 was 24 days, compared to 18 days in July 2016.

HPI® Benchmark Price Activity

  • Single Family Detached: At $966,000, the Benchmark price for a single family detached home in the Valley increased 3.4 per cent compared to June 2017, and increased 10.0 per cent compared to July 2016.
  • Townhomes: At $485,900 the Benchmark price for a townhome in the Fraser Valley increased 4.0 per cent compared to June 2017, and increased 18.1 per cent compared to July 2016.
  • Apartments: At $341,100, the Benchmark price for apartments/condos in the Fraser Valley increased 4.9 per cent compared to June 2017, and increased 33.3 per cent compared to July 2016.

Find the June Statistics Package here.

Post CommentComments: 0Read Full Story

I have sold a property at 137 9080 198 ST in Langley.
Happiness is affordability! Act quickly on this well maintained Savanah modular 2 BR rancher with features that include bright, open living/dining and kitchen area, centre wall gas fireplace, sliders to spacious raised deck, private yard. Entrance leads to covered breezeway and single garage, updates include flooring, h/w tank & roof. Pad rent $798 per month includes use of clubhouse, well appointed workshop, off leash pooch park, social activities and direct access to shops, transit and recreation. This gated community is for those 55+ and 1 small pet, call soon or this good buy will soon be good bye!
Read Full Story

I have sold a property at 53 6537 138 ST in Surrey.
The price is right! Designed for daily living, this spacious 2 BR home offers master with nicely updated ensuite on main, easy steps kitchen and eating area, living/diningroom ideal for family gatherings or cozy snuggles by the fireplace, access to covered and open patio with views to green space and creek, upper floor features guest bedroom with full bath. Other features include laundry room, single garage and extra parking. This adult gated community offers a well appointed clubhouse, visitor parking, private location. For those 55+, 2 small pets welcome. Call soon or this good buy will soon be good bye!
Read Full Story

I have sold a property at 2 2315 198 ST in Langley.
Roomy and awesome floor plan creates a nice flow through this spacious 2 BR 2 bath home with features that include entertainment size living and diningroom, kitchen with ample cabinets and meal counter, pantry cupboard, adjoining den with access to covered deck. Large master offers wall to wall closet, huge 5 piece ensuite with soaker tub and walk in shower. 2nd BR ideal for guests, oversize laundry/utility offers lots of storage options. Mechanical updates include hot water tank, recently serviced furnace. The exterior features covered deck perfect for year round use, powered workshop/shed, attractive level yard space. This community is for those 45+ (no resident under 17) and 1 small pet. Call soon or this good buy is good bye!
Read Full Story
I have listed a new property at 137 9080 198 ST in Langley.
Happiness is affordability! Act quickly on this well maintained Savanah modular 2 BR rancher with features that include bright, open living/dining and kitchen area, centre wall gas fireplace, sliders to spacious raised deck, private yard. Entrance leads to covered breezeway and single garage, updates include flooring, h/w tank & roof. Pad rent $798 per month includes use of clubhouse, well appointed workshop, off leash pooch park, social activities and direct access to shops, transit and recreation. This gated community is for those 55+ and 1 small pet, call soon or this good buy will soon be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – While overall market activity slowed slightly in June, apartment sales reached record-breaking levels at 683 transactions for the month.

The Fraser Valley Real Estate Board processed 2,571 sales of all property types on its Multiple Listing Service® (MLS®) in June, a decrease of 10.2 per cent compared to the 2,864 sales in June of last year, and a 5 per cent decrease compared to the 2,707 sales in May 2017.

At 683 sales, apartment transactions represented 27 per cent of all sales activity in the Fraser Valley in June, increasing 13.1 per cent compared to apartment sales in June 2016 and 12.2 per cent compared to May 2017. The average number of days to sell an apartment in June was 15 days, compared to 32 at this time last year.

“We knew that there was a growing appetite for our attached properties, but this month was exceptional,” said Gopal Sahota, Board President. “I think one reason demand has continued to be so strong for our region is that we have such diverse, robust inventory to help buyers find the right home even in a more complex market like this one.”

Last month the total active inventory for the Fraser Valley was 5,487 listings. Active inventory decreased by 2.2 per cent year-over-year, and increased 5.5 per cent when compared to May 2017.
The Board received 3,707 new listings in June, a 0.1 per cent increase from June 2016, and a 0.1 per cent decrease compared to May 2017’s 3,712 new listings.

Sahota added, “More and more buyers are looking for affordable entry points in to the Fraser Valley. No matter what you’re trying to sell – from townhomes to ranchers – if it’s priced right, someone will be knocking on your door.”

For the Fraser Valley region, the average number of days to sell a single family detached home in June 2017 was 21 days, compared to 17 days in June 2016.

HPI® Benchmark Price Activity

• Single Family Detached: At $934,600, the Benchmark price for a single family detached home in the Valley increased 2.1 per cent compared to May 2017, and increased 8.5 per cent compared to June 2016.
• Townhomes: At $467,000 the Benchmark price for a townhome in the Fraser Valley increased 1.8 per cent compared to May 2017, and increased 20.6 per cent compared to June 2016.
• Apartments: At $325,300, the Benchmark price for apartments/condos in the Fraser Valley increased 10.3 per cent compared to May 2017, and increased 40.3 per cent compared to June 2016.

Find the June Statistics Package here.


Post CommentComments: 0Read Full Story
I have listed a new property at 53 6537 138 ST in Surrey.
The price is right! Designed for daily living, this spacious 2 BR home offers master with nicely updated ensuite on main, easy steps kitchen and eating area, living/diningroom ideal for family gatherings or cozy snuggles by the fireplace, access to covered and open patio with views to green space and creek, upper floor features guest bedroom with full bath. Other features include laundry room, single garage and extra parking. This adult gated community offers a well appointed clubhouse, visitor parking, private location. For those 55+, 2 small pets welcome. Call soon or this good buy will soon be good bye!
Read Full Story

I have sold a property at 96 9208 208 ST in Langley.
Holiday at home! Enjoy resort style living with amenities that include lap pool, hot tub, well appointed clubhouse and social activities! Features of this Mulberry plan include spacious living/diningroom, open plan kitchen with centre island, extra storage, familyroom with heat controlled fireplace and access to extended patio and private yard, large master on main with nicely updated 5 piece ensuite includes soaker tub, 2 roomy bedrooms up with privacy access to bath. Vaulted ceilings ensure light, bright atmosphere, double garage comfortably accommodates 2 vehicles. This gated community is for those 45+, 1 pet ok, close to transit, shops, restaurants, recreation. Call soon or this good buy will soon be good bye!
Read Full Story
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