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I have sold a property at 70 2315 198 ST in Langley.
Roomy and awesome floor plan creates a nice flow though this spacious 2 BR 2 bath home with features that include entertainment size living and dining room, open kitchen with ample cupboards, separate pantry cupboard, adjoining laundry room. Large master offers oversize walk in closet, 2 pce. ensuite, 2nd BR ideal for guests. The exterior features a covered deck perfect for year round use, attached storage with power and separate storage outbuilding and level yard space. This popular community is for those 45+ (no resident under 17) and 1 small pet. Call soon or this good buy will soon be good bye!
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Source: Fraser Valley Real Estate Board

SURREY, BC – Fraser Valley housing market activity in January continued on the momentum seen throughout 2017 with year-over-year increases seen for both sales and pricing.

The Fraser Valley Real Estate Board processed 1,210 sales of all property types on its Multiple Listing Service® (MLS®) in January, an increase of 24 per cent compared to the 976 sales in January of last year, and a 10 per cent decrease compared to the 1,344 sales in December 2017. This was the third highest sales total for a January in the Board’s history, behind only 2016 (1,338) and 1992 (1,270).

Of the 1,210 sales processed last month, 281 were townhouses and 338 were apartments, together representing 51 per cent of all transactions in January.

“This will be the third consecutive year of heightened market activity for our region, and we’re starting 2018 exactly where we left off – gradually rising prices, tight inventory, and the dominance of attached home sales,” said Gopal Sahota, Board President.

Active inventory for the Fraser Valley finished at 3,962 listings last month, increasing 3.8 per cent month-over-month, and decreasing 10 per cent when compared to January 2017. January’s sales-to-active listing ratio was 31 per cent.

The Board received 2,092 new listings in January, a 63.8 per cent increase from December 2017’s 1,277 new listings, and a 3.9 per cent decrease compared to January 2017.

“Generally, pricing continues to be heavily impacted by ongoing demand and a lack of incoming inventory,” continued Sahota. “While conditions may differ depending on property type and area, it remains a complex real estate environment overall where a thorough understanding of the market and knowing what you’re looking for can make all the difference.”

For the Fraser Valley region the average number of days to sell an apartment in January was 19, and 24 for townhomes. Single family detached homes remained on the market for an average of 46 days before selling.

HPI® Benchmark Price Activity

  • Single Family Detached: At $982,700, the Benchmark price for a single family detached home in the Valley increased 0.6 per cent compared to December 2017, and increased 15.1 per cent compared to January 2017.
  • Townhomes: At $519,400 the Benchmark price for a townhome in the Fraser Valley increased 1.2 per cent compared to December 2017, and increased 23.4 per cent compared to January 2017.
  • Apartments: At $404,100, the Benchmark price for apartments/condos in the Fraser Valley increased 4 per cent compared to December 2017, and increased 44.1 per cent compared to January 2017.

Find the January Statistics Package here.

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I have listed a new property at 70 2315 198 ST in Langley.
Roomy and awesome floor plan creates a nice flow though this spacious 2 BR 2 bath home with features that include entertainment size living and dining room, open kitchen with ample cupboards, separate pantry cupboard, adjoining laundry room. Large master offers oversize walk in closet, 2 pce. ensuite, 2nd BR ideal for guests. The exterior features a covered deck perfect for year round use, attached storage with power and separate storage outbuilding and level yard space. This popular community is for those 45+ (no resident under 17) and 1 small pet. Call soon or this good buy will soon be good bye!
Read Full Story

I have sold a property at 72 2315 198 ST in Langley.
The price is right, no need to guess! Act quickly on this well maintained 2 BR home situated in park like setting on cul de sac in Deer Creek Estates! Features include cozy, bright living room with gas fireplace, updated kitchen with adjoining eating area, full size laundry, covered parking and deck, separate storage with power. Amenities include clubhouse & social activities. This community lifestyle is for those 45+ and 1 small pet, shopping, pub and transit near, call soon or this good buy will soon be good bye!
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Source: RE/MAX Canada

Low inventory in Fraser Valley was the driving force behind price appreciation in the region in 2017 as demand continued to outpace supply. There are currently two months of inventory on the market and this is expected to remain consistent in 2018, as there is limited new inventory expected to enter the market. This is partially due to Agriculture Land Reserves, focused on farmland and fisheries, which limit residential real estate development opportunities in the surrounding region. The luxury segment of the market remains stable, with the typical upper-end property selling for between $2 million and $4 million.

Read the full Fraser Valley Report here

Post CommentComments: 0Read Full Story
I have listed a new property at 72 2315 198 ST in Langley.
The price is right, no need to guess! Act quickly on this well maintained 2 BR home situated in park like setting on cul de sac in Deer Creek Estates! Features include cozy, bright living room with gas fireplace, updated kitchen with adjoining eating area, full size laundry, covered parking and deck, separate storage with power. Amenities include clubhouse & social activities. This community lifestyle is for those 45+ and 1 small pet, shopping, pub and transit near, call soon or this good buy will soon be good bye!
Read Full Story

Source: Fraser Valley Real Estate Board

SURREY, BC – The Fraser Valley housing market had its second highest selling year on record in 2017, with total MLS® transactions and dollar volume sold behind only 2016’s unprecedented level of activity.

The Board’s Multiple Listing Service® (MLS®) processed 22,338 sales in 2017, 7.3 per cent less than the record of 23,974 sales set in 2016. The total dollar volume of MLS® sales was $15.7 billion, coming out slightly beneath 2016’s record setting total dollar volume of $16.2 billion.

Of the total transactions for the year, 5,198 were townhouses sold and 6,183 were apartments, together representing over half of overall market activity for the region. This was also the highest total annual sales for apartments in the Board’s history.

“Much of the market’s momentum through 2017 came from the incredible shift in demand to attached-style homes, particularly in our larger communities,” remarked Gopal Sahota, President of the Board.

“While prices continued to see slight gains month-to-month, a lot of our attached inventory remained affordable and an excellent option for consumers of all types.”

For inventory, a total of 32,651 new listings were received by the Board’s MLS® system, the third highest in the Board’s history after 2016 (34,768) and 2008 (35,651).

Last month the Board processed 1,344 sales, the second-most transactions for a December on record in the Fraser Valley. December inventory finished at 3,818 active units, with a total of 1,277 new listings entering the market throughout the month.

Sahota adds, “All year, supply levels remained below where we’d like them to be, and that has put a tight grip on inventory and pressure on the pace of the market. This is still a challenging market for many consumers.

“However, if you have your finances in order, and the support of a local REALTOR® who fits your needs, you’ll be in the best position to make a move in 2018 and find success.”

HPI® Benchmark Price Activity

  • Single Family Detached: At $976,400, the Benchmark price for a single family detached home in the Valley increased 0.4 per cent compared to November 2017, and increased 14.2 per cent compared to December 2016.
  • Townhomes: At $513,100, the Benchmark price for a townhouse in the Valley increased 1.5 per cent compared to November 2017, and increased 23 per cent compared to December 2016.
  • Apartments: At $388,600, the Benchmark price for an apartment in the Valley increased 3.2 per cent compared to November 2017, and increased 40.5 per cent compared to December 2016.

Find the December Statistics Package here.

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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.

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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!
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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.

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Direct: 778-834-8021
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Rosemary's Email: rosemary@homesinlangley.ca
RE/MAX Treeland Realty
#101 - 6337 198 Street
Langley BC V2Y 2E3
www.HomesinLangley.ca