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 June of last year.  Sales continued to remain elevated compared to a typical June – 22 per cent above the ten‐year average.  

Larry Anderson, President of the Board, said, “In June, we shifted from an extreme seller’s market to a strong seller’s market. Although demand for Fraser Valley homes remains very high – over 40 per cent of active listings sold in June – we’re seeing the market settle down giving buyers and sellers more room to maneuver.  

“We’re now seeing more subject offers and for the first time in months, we’re starting to see price reductions.”  

In June, the Board received 3,108 new listings, a decrease of 10 per cent compared to last year, and a decrease of 21 per cent compared to May 2021. The month ended with total active inventory sitting at 5,474, a 7 per cent decrease compared to May, and 22.5 per cent fewer than June 2020.    

Anderson continued, “A lack of supply continues to be the single largest factor affecting the market. Simply put, to meet current demand and get back to balance, we need about 3,500 more active listings in our region.”

Baldev Gill, Chief Executive Officer of the Board, added, “Effective July 1, as part of Stage 3 of BC’s Restart Plan, REALTORS® are again allowed to hold in‐person showings and open houses while continuing to adhere to public safety recommendations.  

“For more than a year, our industry has put tremendous effort into keeping the public safe and we will remain vigilant. We’d like to express our sincere appreciation to the public for your continued support and cooperation.”

Across Fraser Valley, in June, the average number of days to sell a single‐family detached home was 17 and a townhome was 12 days. Apartments took, on average, 21 days to sell.  

MLS® HPI Benchmark Price Activity

 Single Family Detached: At $1,324,400, the Benchmark price for an FVREB single‐family detached home increased 0.1 per cent compared to May 2021 and increased 33.2 per cent compared to June 2020.

 Townhomes: At $678,400, the Benchmark price for an FVREB townhome increased 1.3 per cent compared to May 2021 and increased 21.2 per cent compared to June 2020.

 Apartments: At $493,500, the Benchmark price for an FVREB apartment/condo increased 1.0 per cent compared to May 2021 and increased 13.4 per cent compared to June 2020.


New property listed in Sechelt District, Sunshine Coast

Low Bank Waterfront with stunning view and setting walk on to the beach right from your own yard. This A frame has been in the same family for many years. It has been lovingly maintained. Open floor plan with big windows to catch the view while you are inside. Bedroom on the main and one up. Living Room is cozy, dining features a wood burning stove. The upper family room makes a great area for extra beds when your family comes to visit. Updates over years, include, kitchen, baths, floors and more. This is a great summer cottage to make family memories. (or live year round) 16 years left on prepaid lease.

NEW LISTING!  119 1840 160 ST in Surrey.
The is the best renovation you will have seen in Breakaway Bays. Over 950 sqft. New windows, new flooring, new furnace, new bathrooms, new kitchen & appliances, new fireplace and more. Nothing was missed in this home. Master features 3 pce ensuite, 2nd bdrm is at the opposite end next to the main bath. Large laundry room & bonus family room or 3rd bedroom. This home is ready for its new owner. Located in a cul de sac away from the hwy.
Categories:   2019 | 2020 | 2021 | 2022 | 2023 | 2024 | April | August | Brookswood Langley, Langley Real Estate | Cambie, Vancouver West Real Estate | Central Meadows, Pitt Meadows Real Estate | Cloverdale BC, Cloverdale Real Estate | COVID-19 | Crescent Bch Ocean Pk., South Surrey White Rock Real Estate | Dec | December | Downtown VW, Vancouver West Real Estate | East Central, Maple Ridge Real Estate | f | February | Fleetwood Tynehead, Surrey Real Estate | Fraser Valley Real Estate Stats | Gibsons & Area, Sunshine Coast Real Estate | Grandview Surrey, South Surrey White Rock Real Estate | Greater Vancouver | Greater Vancouver Real Estate Stats | Guildford, North Surrey Real Estate | January | July | June | King George Corridor, South Surrey White Rock Real Estate | Langley City, Langley Real Estate | March | May | Mission BC, Mission Real Estate | Morgan Creek, South Surrey White Rock Real Estate | November | October | Pacific Douglas, South Surrey White Rock Real Estate | Panorama Ridge, Surrey Real Estate | Pender Harbour Egmont, Sunshine Coast Real Estate | Real Estate Stats | Resources For Homeowers | Salmon River, Langley Real Estate | Sechelt District, Sunshine Coast Real Estate | September | Sullivan Station, Surrey Real Estate | Sunnyside Park Surrey, South Surrey White Rock Real Estate | Sunshine Hills Woods, N. Delta Real Estate | Walnut Grove, Langley Real Estate | Whalley, North Surrey Real Estate | White Rock, South Surrey White Rock Real Estate | Willoughby Heights, Langley Real Estate
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.