Here is the latest market statistics for Fraser Valley Real Estate Courtesy of the Fraser Valley Real Estate board:
Demand for Fraser Valley homes remains unchanged despite change of season
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. Ifyou 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.









Spacious & Updated 2,745 Sq. Ft., 2 Storey Home
Located on 8,606 Sq. Ft. Lot in Murrayville
2745 square foot two storey family home in Murrayville boasts attractive decor and many updates including: heat pump (A/C), furnace, hot water tank, vinyl windows, blinds, entry door, some floors and baths. Entertainment sized dining room and living room with gorgeous hardwood floors, attractive updated decor highlighted by crowns and moldings and newer gas fireplace with ledgestone facing. Spacious family room with gas fireplace, door to patio and with hardwood floors flowing into spacious kitchen with scads of cabinets, breakfast bar and built-in nook. Main floor den for your home office or computer needs. Two piece powder room for convenience of guests. Upper level boasts games room with kitchenette, four bedrooms and two baths including updated master bedroom with walk-in closet with built-in cabinets and organizers and updated four piece ensuite with in floor heat, oversized shower with 2 shower heads, granite counter and two sinks. Spacious patio with gas outlets for heater and BBQ. RV parking. A must see.
Beachside Living And Fantastic Ocean Views
Updated 2 Bedroom, 2 Bathroom Apartment
Beachside living and gorgeous ocean views enhances enjoyment of life in this updated, two bedroom, two bath top floor apartment with attractive décor in a prime location overlooking the courtyard and ocean view in White Rock's desirable Southport complex. Updates include 50 gal. hot water tank, laminate flooring, in floor radiant heat and steam shower in the ensuite, newer washer/dryer, gorgeous updated kitchen with granite counters, attractive crown mouldings and more. Entertaining is easy in the spacious dining room and living room with cozy gas fireplace, door to balcony and gorgeous ocean views. Two bedrooms both with ocean views and the master bedroom boasts door to balcony and updated ensuite with steam shower and heated floors. Located on the quiet side of the building overlooking the courtyard and ocean view this unit has 2 secure parking spots and a storage locker. Enjoy the White Rock lifestyle just steps to the beach, restaurants, public transit and much more. No age restrictions, no rentals and up to 2 pets allowed - 2 cats or 1 dog (44lbs max) and 1 cat.
Spacious & Updated 2,745 Sq. Ft., 2 Storey Home
Located on 8,606 Sq. Ft. Lot in Murrayville
2745 square foot two storey family home in Murrayville boasts attractive decor and many updates including: heat pump (A/C), furnace, hot water tank, vinyl windows, blinds, entry door, some floors and baths. Entertainment sized dining room and living room with gorgeous hardwood floors, attractive updated decor highlighted by crowns and moldings and newer gas fireplace with ledgestone facing. Spacious family room with gas fireplace, door to patio and with hardwood floors flowing into spacious kitchen with scads of cabinets, breakfast bar and built-in nook. Main floor den for your home office or computer needs. Two piece powder room for convenience of guests. Upper level boasts games room with kitchenette, four bedrooms and two baths including updated master bedroom with walk-in closet with built-in cabinets and organizers and updated four piece ensuite with in floor heat, oversized shower with 2 shower heads, granite counter and two sinks. Spacious patio with gas outlets for heater and BBQ. RV parking. A must see.
Beachside Living And Fantastic Ocean Views
Updated 2 Bedroom, 2 Bathroom Apartment
Beachside living and gorgeous ocean views enhances enjoyment of life in this updated, two bedroom, two bath top floor apartment with attractive décor in a prime location overlooking the courtyard and ocean view in White Rock's desirable Southport complex. Updates include 50 gal. hot water tank, laminate flooring, in floor radiant heat and steam shower in the ensuite, newer washer/dryer, gorgeous updated kitchen with granite counters, attractive crown mouldings and more. Entertaining is easy in the spacious dining room and living room with cozy gas fireplace, door to balcony and gorgeous ocean views. Two bedrooms both with ocean views and the master bedroom boasts door to balcony and updated ensuite with steam shower and heated floors. Located on the quiet side of the building overlooking the courtyard and ocean view this unit has 2 secure parking spots and a storage locker. Enjoy the White Rock lifestyle just steps to the beach, restaurants, public transit and much more. No age restrictions, no rentals and up to 2 pets allowed - 2 cats or 1 dog (44lbs max) and 1 cat.
Spacious 2,516 Square Foot, 2 Storey Home Located on 7,600 Square Foot Lot on Quiet Culdesac, Next to Park with a Shop
Spacious & gracious 2,516 square foot two storey home located on 7,600 square foot lot on quiet culdesac, next to park with a 24' x 18' shop in rear yd. Boasting spacious traditional plan w/many updates including vinyl windows, heat pump air conditioning, 2 year old roof, some hardwood floors, granite counters in kitchen and more. Main level boasts spacious entry with curved staircase, dining room with hutch alcove, entertainment sized living room with cozy gas fireplace, gorgeous updated island kitchen with granite counters, stainless dishwasher and fridge, gas stove, walk-in pantry and very spacious eating area, family room with gas fireplace, den, laundry and 3 piece bath. Upper level boasts spacious master suite with walk-in closet and 5 piece ensuite with separate shower and soaker tub, 5 piece main bathroom, 2 additional bedrooms and spacious games room with closet

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 10.2per centcompared to the 2,864 sales in June of last year, and a 5per centdecrease compared to the 2,707 sales in May 2017.
At 683 sales, apartment transactions represented 27per centof all sales activity in the Fraser Valley in June, increasing 13.1per centcompared 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 centyear-over-year,and increased 5.5 per centwhen compared to May 2017.
The Board received 3,707 new listings in June, a 0.1per cent increase from June 2016, and a 0.1per cent decrease compared to May 2017’s 3,712 new listings.
Sahota added, “More and more buyers are looking for affordable entry pointsin tothe 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 asingle familydetached 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 10.3per cent compared to May 2017, and increased 40.3per cent compared to June 2016.
Report Courtesy of the Fraser Valley real estate board.