Found 2 blog entries tagged as FVREB statistics.

October brings welcome boost to Fraser Valley, but sales still lag seasonal averages

SURREY, BC- Fraser Valley home sales climbed for the second straight month in October, a sign that some buyers may be responding to steadily easing prices.
The Fraser Valley Real Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®) in October, a 17 per cent increase from September, but 16 per cent below sales from the same month last year.
After a short-lived rise in September, new listings slowed in October, down 14 per cent month-over-month and seven per cent year-over-year, to 2,967. Overall inventory remains well above seasonal norms for the
Fraser Valley, with 10,121 active listings, down four per cent from September but up 15 per cent…

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Sustained elevated inventories soften Fraser Valley home prices further, spurring bump in sales

SURREY, BC – Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory.

The Benchmark price for a typical home in the Fraser Valley dropped one per cent in September to $926,300, down 5.4 per cent year-over-year. The continued softening of prices may be encouraging some buyers back into the market, as the Fraser Valley Real Estate Board recorded 962 sales on its Multiple Listing Service® (MLS®) in September, an increase of three per cent over August. September sales were down two per cent year-over-year and 28 per cent below the 10-year average.

“As prices continue to…

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