Market News

REALTORS® help Fraser Valley food banks bring in the New Year with $21,000 donation

SURREY, BC - On behalf of Fraser Valley’s 2,700-plus REALTORS®, the Fraser Valley Real Estate Board has donated $21,000 to five of its region’s food banks.

Ray Werger is the Board’s president. “As REALTORS®, it is our commitment to support our communities in which we both live and work. The Fraser Valley continues to grow and develop each year at an incredible rate, and so does the need for food for our neighbours who are less fortunate."

Werger adds, “In our region alone, food banks serve approximately 22,000 people every month, many of whom are children and babies. We hope this gift will help in providing aid for Fraser Valley residents that is so desperately needed.”

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REALTORS® help Fraser Valley food banks bring in the New Year with $21,000 donation

http://www.fvreb.bc.ca/production/fvreb/images/FVREB_Foodbank_2014

SURREY, BC - On behalf of Fraser Valley’s 2,700-plus REALTORS®, the Fraser Valley Real Estate Board has donated $21,000 to five of its region’s food banks.

Ray Werger is the Board’s president. “As REALTORS®, it is our commitment to support our communities in which we both live and work. The Fraser Valley continues to grow and develop each year at an incredible rate, and so does the need for food for our neighbours who are less fortunate."

Werger adds, “In our region alone, food banks serve approximately 22,000 people every month, many of whom are children and babies. We hope this gift will help in providing aid for Fraser Valley residents that is so desperately needed.”

Read more »

REALTORS® help Fraser Valley food banks bring in the New Year with $21,000 donation

SURREY, BC - On behalf of Fraser Valley’s 2,700-plus REALTORS®, the Fraser Valley Real Estate Board has donated $21,000 to five of its region’s food banks.

Ray Werger is the Board’s president. “As REALTORS®, it is our commitment to support our communities in which we both live and work. The Fraser Valley continues to grow and develop each year at an incredible rate, and so does the need for food for our neighbours who are less fortunate."

Werger adds, “In our region alone, food banks serve approximately 22,000 people every month, many of whom are children and babies. We hope this gift will help in providing aid for Fraser Valley residents that is so desperately needed.”

Read more »

Steady home sales in December cap solid year for Fraser Valley real estate

SURREY, BC – Fraser’s Valley’s real estate market returned to normal activity levels in 2014 with sales of single family detached homes leading the way.

Ray Werger, President of the Board, says, “It was a busy year for both buyers and sellers. In 2014, both sales and new listings were stronger in Fraser Valley compared to 2013 – most notably for detached homes and townhomes – with the result that we’ve returned to normal market activity for our region on par with our 10-year average.”

The Board’s Multiple Listing Service® (MLS®) processed 15,840 sales in 2014, compared to 13,663 the previous year, an increase of 16 per cent. It also received 4 per cent more new listings during the same time period – 30,642 in 2014 compared to 29,338 in 2013. Over the year, the number of active listings for buyers to choose from dropped by 23 per cent going from 7,541 properties in December 2013 to 6,380 in December 2014.

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20 years of recognition and support result in high quality donations to the REALTORS Care® Blanket Drive

VANCOUVER, BC - For the 20th year, REALTORS® across the Lower Mainland gathered warm clothing and blankets to help over 17,000 working poor and homeless people in our region and what stood out most during this year’s Blanket Drive – November 17 to 24 – was the quality and specificity of donations.

Sue Mukerji, Surrey REALTOR® and Blanket Drive volunteer for over ten years, observes, “The message that it’s not about quantity is really getting through now. Our goal has always been to collect the highest quality items to meet the needs of our most vulnerable citizens in each of our communities.

“Some of our charities request only blankets; others indicate they need mainly socks or underwear. Surrey’s Hyland House specifically asked for new pillows. Because we have REALTORS®, clients and members of the public who have been supporting us for many years, we have a network to help fulfill the unique requests as best we can.”

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2014 trend towards increased sales and steady pricing continues into November

SURREY, BC – The Fraser Valley Real Estate Board processed 1,136 sales on its Multiple Listing Service (MLS®) in November, an increase of 15 per cent compared to the 986 sales during the same month last year and 22 per cent lower than the 1,448 sales processed in October.

New listings in the Fraser Valley decreased by 2 per cent in November, going from 1,774 last year to 1,748 last month taking the number of active listings to 8,302, a decrease of 4 per cent compared to the 8,641 active listings in November of 2013.

“This is the time of year when families are settling in for winter and the holidays, so we expect to see a decrease in activity,” explains the Board’s president, REALTOR® Ray Werger. “After a busy fall with volumes reaching 5-year highs, we’re winding down the year with sales on par with the ten-year average, but about 8 per cent fewer new listings therefore home buyers will notice a shortage of inventory in certain price ranges.”

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REALTORS Care® Blanket Drive delivering warmth for 20 years

http://youtu.be/Q1wqDVL3NBM

VANCOUVER, BC - This year marks the 20th anniversary of the largest and longest running blanket drive in the Lower Mainland. Over two decades, the REALTORS Care® Blanket Drive has helped bring warmth to more than 250,000 residents across the Lower Mainland.

From November 17 to 24, REALTORS® across the region will work with their clients to coordinate donations of blankets, sleeping bags, warm winter clothing, and new socks and underwear for those most in need. The donations are then sorted and delivered to charities and organizations in the same area in which they were collected.

We’re asking anyone with donations to please drop them off at any of our 100 plus participating real estate offices. To find a participating office near you, go to www.blanketdrive.ca.

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Increased demand for Fraser Valley townhouses and single family homes

SURREY, BC – The Fraser Valley Real Estate Board processed 1,448 sales on its Multiple Listing Service (MLS®) in October, an increase of 16 per cent compared to the 1,249 sales during the same month last year and 2 per cent more than in September.

Ray Werger, the Board’s president, says, “Sales overall continue to outperform last year and as we’ve seen for a number of months now are the best they’ve been in five years.

“Demand remains steady in our region for single family detached homes and townhomes. Last month, the market share of sales of single family homes increased by almost five per cent compared to last year; while the share of condo sales decreased by the same amount and we’re seeing that preference reflected in prices.”

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Source: http://www.fvreb.bc.ca/blog/index.php