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  Market News


Buyers see value in single family detached homes in the Fraser Valley

SURREY, BC – In March, the Fraser Valley Real Estate Board (FVREB) processed 1,259 sales on its Multiple Listing Service® (MLS®), an increase of 12 per cent compared to the 1,128 sales during March of last year, and a 14 per cent increase compared to February’s 1,102 sales. Ray Werger, President of the Board, says, “We did see activity pick up last month with an increase in demand in particular for single family detached homes. Sales were noticeably higher in North Delta, Mission and Langley compared to last year. “Last March, sales of detached homes accounted for 55 per cent of sales of our three main residential property types and this year that increased to 58 per cent. It may not sound like much, but that translated into over 100 more sales. The property type that lost ground was townhouses.” Werger explains, “Our main buyers are families looking for the best value possible by taking advantage of continuing low interest rates and stable home prices.” Read more »Original post blogged on b2evolution.


Fraser Valley market showing signs of spring

SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 1,102 sales in February, an increase of 43 per cent over January’s sales and an increase of 21 per cent over the 913 sales during February of last year. Ray Werger, President of the Board, says, “The last time we saw an improvement in the market this early in the year was two years ago when we ended up having a solid, steady market from February through to mid-summer. It’s too early to predict whether this year will be similar, but for now sales are up and the average number of days to sell a detached home is one week faster than it was in January.” Werger adds, “Although sales have picked up, it’s important to mention that they’re still hovering about 10 per cent below our 10-year average and the increases in activity are specific to property type and location, so be sure to ask your REALTOR® how your home and neighbourhood compare.” Read more »Original post blogged on b2evolution.


FVREB announces new 2014/2015 board

LANGLEY, BC - The Fraser Valley Real Estate Board (FVREB) elected its new Board of Directors for 2014/2015 at its Annual General Meeting held on February 26. REALTOR® Ray Werger will replace outgoing President Ron Todson. Werger has been active in real estate since 1992, and is a representative of Royal LePage West R.E.S. (Surrey). “It's an incredible honour to lead one of the largest, longest-serving professional associations in BC. Since 1921, our Board has been providing Fraser Valley REALTORS® with the tools and services we need to give consumers the best possible service,” Werger said. Read more »Original post blogged on b2evolution.


White Rock REALTOR® takes top honour in Fraser Valley

LANGLEY, BC - The 2014 recipient of the Fraser Valley Real Estate Board’s John Armeneau Professional of the Year award is Bonnie Moy of HomeLife Benchmark Realty in White Rock. The award is the highest honour the Board bestows, recognizing outstanding leadership and dedication professionally and within the community. With over 22 years in the real estate profession, Bonnie is revered for her skill, expertise, and commitment to both the Fraser Valley and its community of REALTORS®. Read more »Original post blogged on b2evolution.


Fraser Valley Board honours its brightest community contributors

LANGLEY, BC - The Fraser Valley Real Estate Board (FVREB) presented its highest honours for community giving at its Annual General Meeting, February 26 at the Coast Hotel & Convention Centre in Langley. The individual award went to Abbotsford REALTOR® Wendy Church with Lighthouse Realty Ltd. and the corporate award was presented to Royal LePage - Wolstencroft, Langley. The REALTORS® Make Good Neighbours awards recognize volunteerism and community support offered by Fraser Valley REALTORS® and offices. Candidates are nominated for going above and beyond to improve the quality of life within their communities. Read more »Original post blogged on b2evolution.


New Year welcomes increase in sales and new listings in Fraser Valley

SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded higher activity in January compared to one year ago with an increase in sales and a slight increase in new listings. The Board processed 772 sales on the MLS® last month, a 25 per cent increase compared to the 617 sales in January 2013. In addition, the Board saw a modest 1 per cent increase in new listings in January, 2,676 compared to 2,643 received during the same month last year, but a 164 per cent increase compared to the new listings received the previous month, December 2013. Ron Todson, President of the Board, says, “Starting early in the year, we typically see a ‘re-stocking of our shelves’ in advance of the spring market, which is a positive trend for buyers in that it creates new opportunities for them. With higher inventory they have greater freedom to comparison shop.” Read more »Original post blogged on b2evolution.


Region's food banks receive $16,000 gift from REALTORS®

SURREY, BC - On behalf of its 2,700-plus REALTORS®, the Fraser Valley Real Estate Board (FVREB) has donated $16,000 to local food banks. The money will go towards helping food banks keep up with the growing demand from families across the Fraser Valley. Ron Todson is the Board's president. "Food banks have reported that their usage has increased by 23 per cent in the last five years with those needing help ranging from single adults and senior citizens to families with children. Todson adds, “Regardless of the state of the real estate market, we feel it's important to do what we can, when we can to give back to our communities. With this donation, we hope to continue to do our part in improving the quality of life for many Fraser Valley residents." Read more »Original post blogged on b2evolution.


FVREB's $3,000 donation improves living conditions at Surrey's Phoenix Society

SURREY, BC - On behalf of Fraser Valley’s 2,700 plus REALTORS®, the Fraser Valley Real Estate Board has donated $3,000 to the Phoenix Society Drug & Alcohol Recovery and Education Centre in Surrey. The contribution will go toward purchasing new laundry appliances for each floor of the organization’s two buildings that house individuals undergoing recovery. Ron Todson is the Board’s President. “I’m astounded by the work being done here at the Phoenix Society. As REALTORS®, we know and understand the importance of home. For residents here, this is their home – their place of comfort, safety and security – and why our Board was eager to support the Phoenix Society and their efforts.” Read more »Original post blogged on b2evolution.