Market Update
Posted on Feb 01, 2022
January Market Update: A move in the right direction! 
January saw an influx of sellers looking to list their homes, which brought much needed inventory to the market. Although sales are still elevated, if the increase in listings continues over the next weeks and months we could see the market move back to a more balanced dynamic. That being said...
Market Update
Posted on Jan 01, 2022
2021 was the busiest year for real estate in Fraser Valley history. Total property sales for the year shattered the previous record last set 5 years ago, topping 2016's numbers by almost four thousand sales! With many people working from home, and the comparable affordability to Metro Vancouver, demand and prices rose in sync and created a market o...
Market Update
Posted on Dec 01, 2021
This is not your typical housing market! As the Christmas season begins, we would typically see a decline in activity, but instead we are seeing sales increase! This is a difficult market to navigate for both sellers and buyers. We are dealing with quick turn-around times, a historic lack of supply, and frequent multiple offer situations. If you ar...
Market Update
Posted on Nov 01, 2021
Demand continues to remain incredibly high, with inventory continuing to dwindle. To give some perspective, active listings have decreased 10% since last month, and we are at 50% of the inventory we had last October.
For those looking to make a move, some creativity or collaboration may be required to reach your goals. With the market continuing to...
Market Update
Posted on Oct 01, 2021
Here is what our team is seeing this month, summed up well by Larry Anderson, the FVREB president:
"Demand for residential homes of all types is strong in the Fraser Valley with more sellers returning to the table in September, which is expected at this time of year. While we've seen a solid increase in new listings compared to August, market condit...
Market Update
Posted on Sep 01, 2021
Two extremes are running this market:
Extreme demand - driving sales 30% above normal,
Extreme supply shortages - pushing housing stock down to the lowest in decades.
Relentless demand combined with low supply continues to create a strong seller's market. With interest rates still very low and a strong demand for most homes, this fall might be a great...