Fraser Valley Real Estate Board April Stats

Strong sales volumes continue through April
SURREY, BC – Property sales in the Fraser Valley soared in April compared to one year ago increasing by 37
There were 2,009 sales processed on the Fraser Valley Real Estate Board Multiple Listing Service® (MLS®) in April,
compared to 1,470 in April of last year. These volumes rank third highest of all time for the month with the next
best April in 2004 and prior to that in 1991.
“April was a very active market,” says Jorda Maisey, Board President. “The low cost of borrowing continues to
attract first‐time buyers and families looking to either downsize or upsize as they take advantage of the equity
they’ve built up in their existing homes.”
Though there was a 2 per cent increase in new listings processed in April, as compared to April 2014, the increase
was not enough to balance out the market. Total active inventory on the MLS® at month’s end was 8,384
properties, the lowest for the month of April in eight years.
As Maisey explains, what sellers are most looking for is a single family detached home, “In some of our areas, sixty
to seventy per cent of inventory is selling. Depending on the location, some detached homes are selling in a matter
of days, not weeks, which is why if you’re a buyer it’s so important to work with a professional who knows your
neighbourhood and is networked with other REALTORS®.”

For the full report please download the attachment... fvreb april 2015 stats

Information obtained from the Fraser Valley Real Estate board