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  Market News


20 years of recognition and support result in high quality donations to the REALTORS Care® Blanket Drive

VANCOUVER, BC - For the 20th year, REALTORS® across the Lower Mainland gathered warm clothing and blankets to help over 17,000 working poor and homeless people in our region and what stood out most during this year’s Blanket Drive – November 17 to 24 – was the quality and specificity of donations. Sue Mukerji, Surrey REALTOR® and Blanket Drive volunteer for over ten years, observes, “The message that it’s not about quantity is really getting through now. Our goal has always been to collect the highest quality items to meet the needs of our most vulnerable citizens in each of our communities. “Some of our charities request only blankets; others indicate they need mainly socks or underwear. Surrey’s Hyland House specifically asked for new pillows. Because we have REALTORS®, clients and members of the public who have been supporting us for many years, we have a network to help fulfill the unique requests as best we can.” Read more »Original post blogged on b2evolution.


2014 trend towards increased sales and steady pricing continues into November

SURREY, BC – The Fraser Valley Real Estate Board processed 1,136 sales on its Multiple Listing Service (MLS®) in November, an increase of 15 per cent compared to the 986 sales during the same month last year and 22 per cent lower than the 1,448 sales processed in October. New listings in the Fraser Valley decreased by 2 per cent in November, going from 1,774 last year to 1,748 last month taking the number of active listings to 8,302, a decrease of 4 per cent compared to the 8,641 active listings in November of 2013. “This is the time of year when families are settling in for winter and the holidays, so we expect to see a decrease in activity,” explains the Board’s president, REALTOR® Ray Werger. “After a busy fall with volumes reaching 5-year highs, we’re winding down the year with sales on par with the ten-year average, but about 8 per cent fewer new listings therefore home buyers will notice a shortage of inventory in certain price ranges.” Read more »Original post blogged on b2evolution.


REALTORS Care® Blanket Drive delivering warmth for 20 years

http://youtu.be/Q1wqDVL3NBMVANCOUVER, BC - This year marks the 20th anniversary of the largest and longest running blanket drive in the Lower Mainland. Over two decades, the REALTORS Care® Blanket Drive has helped bring warmth to more than 250,000 residents across the Lower Mainland. From November 17 to 24, REALTORS® across the region will work with their clients to coordinate donations of blankets, sleeping bags, warm winter clothing, and new socks and underwear for those most in need. The donations are then sorted and delivered to charities and organizations in the same area in which they were collected. We’re asking anyone with donations to please drop them off at any of our 100 plus participating real estate offices. To find a participating office near you, go to www.blanketdrive.ca. Read more »Original post blogged on b2evolution.


Increased demand for Fraser Valley townhouses and single family homes

SURREY, BC – The Fraser Valley Real Estate Board processed 1,448 sales on its Multiple Listing Service (MLS®) in October, an increase of 16 per cent compared to the 1,249 sales during the same month last year and 2 per cent more than in September. Ray Werger, the Board’s president, says, “Sales overall continue to outperform last year and as we’ve seen for a number of months now are the best they’ve been in five years. “Demand remains steady in our region for single family detached homes and townhomes. Last month, the market share of sales of single family homes increased by almost five per cent compared to last year; while the share of condo sales decreased by the same amount and we’re seeing that preference reflected in prices.” Read more »Original post blogged on b2evolution.


Strong summer for Fraser Valley real estate carries through to September

SURREY, BC – The Fraser Valley Real Estate Board processed 1,419 sales on its Multiple Listing Service (MLS®) in September, an increase of 25 per cent compared to the 1,131 sales during the same month last year, and an increase of 9 per cent compared to sales in August. Ray Werger, the Board’s president, says, “Similar to this past summer, this is the busiest September we’ve had since 2009 with sales of all property types combined out-performing the 10-year average by 13 per cent. “Residentially, the single family detached home remains the preferred property type. From North Delta to Mission, sales increased in every Fraser Valley community compared to last year with the price range of $400,000 to $699,999 garnering almost sixty per cent of our total detached market.” Read more »Original post blogged on b2evolution.


August market typical for Fraser Valley real estate

SURREY, BC – Even with a characteristic seasonal dip in sales, the Fraser Valley real estate market experienced its best August since 2011 with volumes improving over last year and finishing 10 per cent below the 10-year average for the month. The Fraser Valley Real Estate Board processed 1,302 sales on the Multiple Listing Service® (MLS®) in August, an increase of 3 per cent compared to the 1,258 sales during the same month last year and a decrease of 19 per cent compared to the 1,615 sales in July. Ray Werger, president of the Board, says, “As usual, we saw a typical summer slowdown in August compared to July, however like every month so far in 2014, August sales were higher than last year. It’s the continuation of the story we’ve seen all year; a return to a normal, balanced market.” Read more »Original post blogged on b2evolution.


Market strength carries into summer for Fraser Valley real estate

SURREY, BC – Continued demand for single family homes and townhomes resulted in the busiest July in five years for the Fraser Valley Real Estate Board. The Board’s Multiple Listing Service® (MLS®) processed 1,615 sales in July, an increase of 11 per cent compared to the 1,456 sales in July last year and 1.4 per cent above the 10-year average for the month. Ray Werger, President of the Board, says, “July’s steady activity is a continuation of what we’ve been seeing all year. Our market has fully recovered from last year’s slump and has returned to what we typically see in the Fraser Valley, which is a steady, consistent market.” Read more »Original post blogged on b2evolution.


Strongest June in four years for Fraser Valley real estate market

SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,668 sales in June, an increase of 26 per cent compared to the 1,327 sales in June of last year and 2 per cent higher than sales in May. In terms of historical comparison, last month’s sales finished 7 per cent below the 10-year average for June with the previous best June occurring in 2010. Ray Werger, President of the Board, says, “Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and we’re experiencing that at the ground level. “Over the last three months, we’ve seen a surge in demand specifically for single family homes and townhomes in most of our communities. Our number one buyer is families with children and they’re taking advantage of ultra-low interest rates combined with more affordable, stable prices in the Fraser Valley.” Read more »Original post blogged on b2evolution.