Courtesy of Akis Lagoudakis (FV)

FRASER VALLEY STATS

Fraser Valley Housing Market Continues To Stabilize As Sales Pick Up Compared To Last Year SURREY, BC – The Fraser Valley Real Estate Board processed 1,297 sales of all property types on its Multiple Listing Service ® (MLS ® ) in August, an 11 per cent decrease compared to sales in July 2019. Darin Germyn, President of the Board, observed, “Compared to last year, this August has been quite robust. All property types are selling and we’re seeing a resurgence in the single-family detached market. Across North Delta, Surrey and Langley, sales are up over 25 per cent.” “It’s great to see. We’re returning to a normal, steady market. Our sales, new listings and number of active listings in August were all slightly below the 10-year average.” There were 8,040 active listings available in the Fraser Valley at the end of August. The Board received 2,357 new listings in August. At $954,100, the Benchmark price for a single- family detached home in the Fraser Valley decreased 5.4 per cent compared to August 2018. For the Fraser Valley region, single family detached homes remained on the market for an average of 44 days before selling. - Source: Fraser Valley Real Estate Board

939

AVERAGE SALE PRICES

$1,006,465 detached DOWN 0.2% year-over-year

520

506

$558,991 townhouse DOWN 5.1% year-over-year

$389,646 apartment DOWN 3.3% year-over-year

single family detached NEW LISTINGS townhouse apartment

SOLD LISTINGS 1,297

2,357 8,040

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

Stats are reflective of August 2019 Source: Fraser Valley Real Estate Board

Market values stated are of the average of Langley and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

www.akis.ca info@akis.ca Cell: 604.760.2231

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