your username. Born and raised in the lower mainland; Crissy has a wealth of knowledge of the real estate market in the Fraser Valley. With Zolo's real estate market trends, you'll get real-time data on Abbotsford's housing market. The Fraser Valley Real Estate Board reported a total of 805 sales this past May, a 17 per cent increase over April. Fraser Valley Real Estate Board reports seller’s market for detached homes and townhouses B.C. Just imagine how clients and consumers [...], SURREY, BC – For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Many favourable factors will inevitably help the housing market in Fraser Valley and elsewhere. As that pent-up demand … B.C. SEPTEMBER, 2018 MLS® HPI Benchmark Price Activity. Vancouver Housing Market Update and Forecast. The Fraser Valley Real Estate Board (FVREB) says April 2019 was its second slowest April in a decade. For the most up‐to‐date data, see current reports. Vancouver – The British Columbia Real Estate Association (BCREA) released its 2020 Fourth Quarter Housing Forecast today. Talk to your Realtor about receiving specialized market analysis for the Fraser Valley, and how you can best utilize real estate data when buying or selling your property. CREA compiles and analyzes numerous factors affecting the real estate market for the public, REALTORS® and governments. The Fraser Valley condo market has seen a falling demand for condominiums because of COVID-19, which is expected to continue into 2021. Baldev Gill, CEO of the Board, said “The highly competitive market with multiple offers and shorter days on market for various properties, provides further indication of the role of REALTORS® are playing in this market.” Talk to a Fraser Valley … Despite what may be the worst recession in BC history, the housing market had a record fall season and prices are rapidly rising as pent-up demand floods into an under-supplied market. Chris Shields Fraser Valley Real Board FVREB home sales housing housing market Lower Mainland real estate Realtors Realtor.ca MLS Related Links For more information, click here. Fraser Valley housing market slows down in 2018 January 4, 2019 SURREY, BC – 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. A correction is when home prices fall up to 10%, and beyond 20% or more, the housing market can be considered to have crashed. April, 2020 Get all the latest news and market updates here – Fraser Valley housing market statistics and BC real estate market updates. The average selling price in Fraser Valley increased 6.9% to $701,031 in 2020 (Jan. 1 – Oct. 31) compared to $656,067 in 2019 (Jan. 1 – Dec. 31). contribute to a strong Fraser Valley housing market in 2017. This way, you get to see the Langley housing market on a wider scale, and how it measures against other cities in the metro area. Chris Shields, President of the Board, observes, “We’re cautiously optimistic. Search. JULY, 2018 Fraser Valley Housing Market Update Christina Butchart, BC Regional Economist, CMHC June 21, 2017. real estate: average home price forecast by … Sales are up 17% compared to April; but remain significantly below seasonal norms. Single Family Detached: At $1,061,500 the Benchmark price for a single-family detached home in the Fraser Valley increased 1.4 per cent compared to October and, increased 11.5 per cent compared to November 2019. Join Christina Butchart as she shares her analysis and forecasts for the economy and the Fraser Valley Housing Market. Due to these factors, the 2021 RE/MAX 2021 outlook for average residential prices is an estimate of +4% to +6% nation-wide. The Fraser Valley housing market is currently witnessing a buyers market due to the substantially higher inventory compared to the previous year and more buyers qualifying for the stress test as they become more adjusted to it. The Fraser Valley Real Estate Board (FVREB) says April 2019 was its second slowest April in a decade. The housing market and stock market reacted alike. Residential home sales in greater Vancouver from 2498 properties last year to 3,064 sold in November 2020, a 22.7% growth. The full package is available here and includes: As they say, ‘knowledge is power’. Fraser Valley to experience buyers market in 2020, prices to increase 2%. Long seen as an affordable alternative to Vancouver’s astronomically high prices for homes, the Fraser Valley housing market now seems out of reach for the average buyer as well. B.C. 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