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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.

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New property listed in Sechelt District, Sunshine Coast

NEW LISTING!  4523 STALASHEN DR in Sechelt.
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.
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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.
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NEW LISTING!  815 10620 150 ST in Surrey.
Fantastic Central location, walking distance to transportation, Guildford Mall & Rec Center. This great family complex is a perfect place to call home. This unit features 2 bedrooms, 2 pce ensuite & large main bath. This home has been updated, new paint, flooring, kitchen, appliances, baths & more. Top floor corner unit in a very private location over looking trees for added privacy. Move right in and have nothing to do. The recreation facility here is fantastic, pool, hot tub, sauna, racquet ball courts.
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SURREY, BC – Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near‐historic levels of new listings in May.    


In May, the Fraser Valley Real Estate Board (FVREB) processed 2,951 sales on its Multiple Listing Service® (MLS®), an increase of 267 per cent compared to May 2020 and a 2 per cent decrease compared to April. (Note that last year, the market was significantly restricted due to the lockdown.) The previous record high for sales in May for the Fraser Valley region was 2,911 in 2016.     


 Larry Anderson, President of the Board, said, “Demand hasn’t changed. What’s changed is supply. In the last three months, buyers have 40 per cent more inventory to look at in the Fraser Valley and it’s allowed them to take back a little control.   


“We’re seeing resistance to multiple offers and buyers adjusting their offers, or even waiting, because they have more selection. We’re a long way from a balanced market, but supply is helping us to head in the right direction.”


In May, the Board received the second‐highest volume of new listings ever; approaching May 2018 levels. The Board received 3,926 new listings in May, an increase of 78 per cent compared to last year, and a decrease of 22 per cent compared to April 2021. The month ended with total active inventory sitting at 5,868, a 3 per cent decrease compared to April, and 9 per cent less than May of last year.   


Baldev Gill, Chief Executive Officer of the Board, added, “In the context of BC’s Restart Plan, it’s important to remind consumers that for now, when it comes to working with a real estate professional or booking a private showing, it’s status quo. Currently, there is no easing of pandemic restrictions in the real estate sector and our Board does not anticipate new guidelines for several weeks. Your REALTOR® will continue to guide you safely through the buying and selling process, following all public safety protocols, for as long as necessary.”


Across Fraser Valley, in May, the average number of days to sell a single‐family detached home was 14 and a townhome was 12 days. Apartments took, on average, 20 days to sell.  


MLS® HPI Benchmark Price Activity


 Single Family Detached: At $1,323,300, the Benchmark price for an FVREB single‐family detached home increased 2.3 per cent compared to April 2021 and increased 33.6 per cent compared to May 2020.


 Townhomes: At $670,000, the Benchmark price for an FVREB townhome increased 2.7 per cent compared to April 2021 and increased 20.7 per cent compared to May 2020.


 Apartments: At $488,500, the Benchmark price for an FVREB apartment/condo increased 2.0 per cent compared to April 2021 and increased 12.6 per cent compared to May 2020.

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New property listed in Salmon River, Langley

NEW LISTING!  2 24330 FRASER HWY in Langley.
BRAND NEW MANUFACTURED HOME IN THE LANGLEY GROVE COMMUNITY. 2 bedrooms, 2 full baths. Master suite includes huge walk in closet and full 4 pce en-suite. Kitchen features plenty of cupboards, stainless steel fridge, stove, dishwasher, microwave and sit at island. Large living room with big windows. Laundry tucked away in easy access location. Open floor plan with lots of windows. Price includes GST. Great park with awesome amenities. Perfect location close to transportation and shopping. What an excellent opportunity to own your own detached home. Pad rent $750 p/m includes garbage, recycling and green waste removal, sewer, water, snow removal main roads only. 2 pets Small dog up to 17" at shoulder. No age restriction.
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New property listed in Cloverdale BC, Cloverdale

NEW LISTING!  18102 CLAYTONWOOD CRES in Surrey.
WELCOME TO PARADISE! This unbelievable setting is like living in a park. Beautiful 4500 sqft home. Grand foyer, formal living/dining rooms. Hardwood floors throughout. Chefs kitchen with Jennair cook top, built in wall oven and warming drawer, granite counters, walk in pantry. Cozy living room features stone fireplace with built ins both sides. Master suite with a spa like ensuite with freestanding tub and lage shower, double sinks and large walk in closet. Master features a/c. Covered deck overlooking the outdoor pool. 4 more spacious bedrooms up. Large games room over the garage. Many new windows, new decks and railings, Pool with new gas heater and solar cover perfect for at home entertainment. Enjoy the almost 1000 sqft of decks surrounding the rear of the home. Don't miss out!
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SURREY, BC – For the eighth consecutive month, Fraser Valley real estate saw record‐breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record‐breaking months, last set in 2015/2016.  


In April, the Fraser Valley Real Estate Board (FVREB) processed 3,016 sales on its Multiple Listing Service® (MLS®), an increase of 338 per cent compared to April 2020 and a 9 per cent decrease compared to March. (Note that sales and new listings in April 2020 were significantly restricted due to the pandemic lockdown.) The previous record high for sales in April was 2,969 in 2016.      


Larry Anderson, President of the Board, said, “Although it remains very competitive and challenging for buyers, April could be the turning point in this historic market. In the last couple of weeks, we have seen evidence of a change in pace.   


“In general, we’re seeing fewer multiple offers, fewer subject‐free offers, and homes over‐priced are starting to sit longer. These are positive signs that the market is responding to near‐record levels of new inventory.”


The Board received the highest volume of new listings ever in March 2021 and that elevated pace continued in April. Last month, the Board received 5,018 new listings, an increase of 254 per cent compared to April 2020, and a decrease of 1 per cent compared to March 2021. The influx of new listings improved supply with total active inventory reaching 6,030 in April 2021, 20 per cent higher than in March and the highest it’s been in six months.


Baldev Gill, Chief Executive Officer of the Board, added, “Buyers and sellers will note that we’re already seeing increases in home prices start to slow in response to the new supply. 


 “If you have an active listing now or are thinking of selling, it’s critical to work with a professional REALTOR® to ensure your asking price is realistic and competitive based on today’s market, not yesterday’s.”


Across Fraser Valley, in April, the average number of days to sell a single‐family detached home was 13 and a townhome was 10 days. Apartments took, on average, 22 days to sell.  


MLS® HPI Benchmark Price Activity


 Single Family Detached: At $1,293,300, the Benchmark price for an FVREB single‐family detached home increased 4.5 per cent compared to March 2021 and increased 30.3 per cent compared to April 2020.


 Townhomes: At $652,400, the Benchmark price for an FVREB townhome increased 4.5 per cent compared to March 2021 and increased 18.0 per cent compared to April 2020.


 Apartments: At $478,700, the Benchmark price for an FVREB apartment/condo increased 2.9 per cent compared to March 2021 and increased 9.3 per cent compared to April 2020.

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New property listed in Brookswood Langley, Langley

NEW LISTING!  2547 200 ST in Langley.
TOWNHOME SITE! This property is unique. The OCP says 14 UNITS PER ACRE 2.5 ACRE PLUS possibility of a single family lot (5000-7000sq) located at the back within the Brookswood/Fernridge OCP. Imagine the possibilities of a beautiful one of a kind townhome site. (little Campbell River set back required) Offers to be reviewed Monday April 12 @ 3:00 pm
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SURREY, BC – Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921.    


In March, the FVREB processed 3,329 residential and commercial sales on its Multiple Listing Service® (MLS®), an increase of 131 per cent compared to March 2020 and 18 per cent more than were processed in February. The previous record of 3,006 sales was set in March of 2016.


Larry Anderson, President of the Board, said of this month’s statistics, “This market is uncharted territory for Fraser Valley real estate. The surprising strength of the economy, the influence of the pandemic and a lack of inventory of all property types has created unprecedented demand for housing in our region.


“It is very stressful for buyers. REALTORS® are working hard to guide them through what has become a protracted, powerful seller’s market. As we continue to help our clients grapple with escalating prices and multiple offers, March did bring some good news. It set a record for volume of new listings received improving selection,” said Anderson. 


  The Board received 5,087 new listings in March, an increase of 91 per cent compared to March of last year, and 56 per cent more than were processed in February. The previous high for new listings was 4,458 in April 2008. Total active inventory for March was 5,012, a decrease of 18 per cent compared to last year’s 6,083 active listings, however 22 per cent higher than February 2021.


Baldev Gill, Chief Executive Officer of the Board, added, “The impact of the pandemic on the market cannot be overstated and as we know from the province’s latest announcement, we are in a precarious situation currently. Since the end of the first lockdown in 2020, the real estate profession has led the way on protecting its members and the public.  


“Realtors take this extra duty to protect their clients during private, in‐person showings very seriously and will continue to remain vigilant until vaccines are rolled out to the greater population,” added Gill.


Across Fraser Valley, in March, the average number of days to sell a single‐family detached home was 15 and a townhome was 14 days. Apartments took, on average, 31 days to sell.  


MLS® HPI Benchmark Price Activity


 Single Family Detached: At $1,237,900, the Benchmark price for an FVREB single‐family detached home increased 6.4 per cent compared to February 2021 and increased 25.3 per cent compared to March 2020.


 Townhomes: At $624,500, the Benchmark price for an FVREB townhome increased 4.0 per cent compared to February 2021 and increased 13.7 per cent compared to March 2020.


 Apartments: At $465,400, the Benchmark price for an FVREB apartment/condo increased 3.2 per cent compared to February 2021 and increased 6.5 per cent compared to March 2020.

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New property listed in Brookswood Langley, Langley

NEW LISTING!  2555 200 ST in Langley.
FANTASTIC INVESTMENT OPPORTUNITY!OCP shows 5000-7000sqft single family lots 2.5 ACRES located within the Brookswood/Fernridge development plan. Let your imagine go to work here... possibility of an exclusive park like neighbourhood. This could be an amazing development with a feature of Little Campbell River running through the back of the property. A new development that encompasses that would fit into the area and keep its country charm. The home and barn on the property have been cared for and have endless possibilities while you wait for the final approvals. Rented, tenants may like to stay.
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