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Market strength carries into summer for Fraser Valley

SURREY, BC – Continued demand for single family homes and townhomes resulted in the busiest July in five years
for the Fraser Valley Real Estate Board. The Board’s Multiple Listing Service® (MLS®) processed 1,615 sales in July,
an increase of 11 per cent compared to the 1,456 sales in July last year and 1.4 per cent above the 10‐year average
for the month.


Ray Werger, President of the Board, says, “July’s steady activity is a continuation of what we’ve been seeing all
year. Our market has fully recovered from last year’s slump and has returned to what we typically see in the Fraser
Valley, which is a steady, consistent market.”


In July, the Board received 2,724 new listings, a decrease of 2 per cent compared to July 2013 taking the number of
active listings in Fraser Valley to 9,636, a decrease of 8 per cent compared to the volume available in July 2013.
Werger says, “Although our sales were slightly above average for the month, the volume of new listings added to
the MLS® was 7 per cent lower than what’s typical for July, so for certain property types and price ranges we’re
actually seeing a shortage of listings creating a seller’s market for particular homes.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.