Gloria Mcgalliard, REALTOR

Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory

Posted on Jun 03, 2022 in Market Stats

SURREY BC- As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period.

Sales of all property types in May were 1,360, down 16.9 per cent from April's 1,637; and down 53.9 per cent compared to May of 2021.

At the same time, activ...

Positive start to fall market; new listings increase, sales soften

Posted on Oct 04, 2021 in Market Stats

SURREY, BC – Demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second-highest levels for the month of September in the 100-year history of the Board.

The Board processed a total of 1,866 property sales on its Multiple Listing Service® (MLS®) in September, a de...

Fraser Valley home sales remained steady in July; lowest supply in forty years

Posted on Aug 05, 2021 in Market Stats

SURREY, BC – Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.

The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, a decrease of 11 per...

Mirroring the weather, Fraser Valley’s hot housing market cooled slightly in June going from a boil to a simmer

Posted on Jul 06, 2021 in Market Stats

SURREY, BC – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record.

In June, the Board processed 2,247 sales on its MLS®, a decrease of 24 per cent compared to May and a 31 per cent increase compared to...

Record-shattering December caps unexpected year in Fraser Valley real estate

Posted on Jan 18, 2021 in Market Stats

SURREY, BC – In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020.

In December, the Board’s Multiple Listing Service® (MLS®) processed a staggering...

Unrelenting demand for Fraser Valley detached and townhomes continued in November

Posted on Dec 07, 2020 in Market Stats

SURREY, BC – For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Overall property sales for the month of November again set a new Board record. Sales records were also broken in September and October; and since July, all activity including new listings, has continued to be inordinately high.

The F...

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