info@oneflatfee.ca 604-725-1000 Value of properties sold as of Feb 5, 2023: $1 Billion +

Fraser Valley Housing Market Experiences Summer Surge


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