As reported by the Fraser Valley Real Estate Board (FVREB), the Fraser Valley experienced a boost in summer sales and listings over the month of July, with an increase of 5% compared to July 2012 and an increase of 10% compared to June 2013.
The Fraser Valley, which includes North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission, has been experiencing 10-year lows, so this summer boost is great news for both buyers and sellers in the Fraser Valley region.
Ray Werger, President-elect of the Board stated, “Buoyancy during the summer is rare at the best of times and yet I’ve just experienced the busiest July in my 20 plus years as a REALTOR®. To jump from the worst June in 10 years to a slightly below average July may not sound unusual or unexpected but it was. Werger continued, “We’re likely experiencing some pent-up demand coming off some very slow winter months, tiny changes in mortgage rates are always incentive for many buyers, and let’s not underestimate our glorious weather. For our buyers and sellers, a return to a normal, balanced market is welcome news.”
The Fraser Valley experienced 2,777 new MLS® listings in July 2013, which is only 5% fewer than in July 2012, but also experienced 6% more listings than June 2013. The benchmark price of a Fraser Valley single family detached home was $551,000 in July 2013, almost on par with the value in July 2012, of $551,400.
Home to diverse suburban centres with a mix of residential and commercial properties, the Fraser Valley Region is a vast area in which One Flat Fee services, providing discount real estate services with sales in luxury buildings, condos, and townhouses like the following:
Delta
Tsawwassen Shores
Brio
Tsawwassen Springs
Canu Condos
Surrey
Park Avenue Condos
3 Civic Plaza, Ultra
Holland Pointe
One Park Place Central City
Two Park Place Central City
Emerald Heights
Verve
Edge Condos Surrey
Ethical Gardens Condos
Connect Condos
Guildford Greens
G3 Residences
Bishop Creek
Wave Condos
University District
The River Surrey
Mission
Green Garden
Heritage Park
Horizons
Cedar Valley Townhomes
Spencer Estates
Cedarbrooke
Cherry Lane
Briskham Manor
Ridgewood Place
Courtlands
Langley
Suede Condos
The Grove Parkhomes in Clayton
Varsity Condo
Bearing Pointe Condos
Hart Townhomes
Denby Townhomes
Winchester Estates
Radius
Murray’s Walk Condos
Elements in Langley
Salix Condos
La Rue, Virtue
Zen Townhomes
One92, Esplanade at Waterstone
Allegro, Cadence
Cornerstone North
Cornerstone Langley
Yorkson South, Kensington
Yorkson Creek – Walnut Ridge 2
Focus, Mason & Green
Exchange Townhomes
Nature’s Walk
Arcadia
Ambros Centre Retirement Living
Clayton Rise
Mackenzie Estates
Joi, Seasons
Milner Heights
The Boardwalk Townhomes
McBride Station
Athenry Gate
Abbotsford
Harvest at Westerleigh
B. Lift Condos
The Quarry Living
Eagle Estates, Brooklyn
Foxwood Living
Hudson’s Loft Phase 2
Luna Home
Creekside on Downes
Argyle
Waterleaf Condos,
Mahogany at Mill Lake
Eagle’s Gate,
Abacus Uptown
Arbour Ridge
Eagle Mountain