The Fraser Valley Real Estate Board covers Abbotsford, Langley, Mission, North Delta, North Surrey, Surrey and South Surrey/White Rock.
You can read the full statistical report for September here, including sales, new and active listings, and benchmark, median and average price for each municipality.
You can check historical data here.
You can read the summary below:
More listings, fewer sales keeping lid on home prices in
the Fraser Valley
SURREY, BC Property sales on the Fraser Valley Real Estate Board's Multiple Listing Service (MLS®) inSeptember were the third lowest for that month in the last decade, while new listings for Septemberranked the second highest.
Sukh Sidhu is FVREB's president. "This is the third month in a row based on the 10?year average wherewe've seen lower sales combined with a higher influx of new listings."
The Fraser Valley Real Estate Board processed 1,165 sales in September, an increase of 12 per centcompared to the 1,044 sales during the same month last year and a decrease of 13 per cent compared to 1,341 sales in August.
The board posted 2,651 new properties on its MLS® in September, an increase of 10 per cent comparedto September of last year and on par with the listings it received in August. The number of active listingsin the Fraser Valley remained at 10,096 in September, at an annual high for the last three months.
Sidhu adds, "This trend is stabilizing home prices in the Fraser Valley resulting in the price of a typicaldetached home in September being only slightly higher than it was in May.
"Although average prices year?over?year are still showing strong increases or decreases for somecommunities, make sure to ask your local Real Estate Agent for the benchmark price as well. It's the predictedsale price of a typical home in your neighbourhood and unlike the average price, isn't sensitive to salesof high?end or low?end homes. It's one of our most reliable pricing tools."
The benchmark price of a single family detached home in the Fraser Valley in September was $530,321,an increase of 4.5 per cent compared to $507,429 in September 2010 and 0.3 per cent higher than theprice in August.
For townhouses, the benchmark price in September was $327,546, an increase of 1.8 per cent comparedto the same month last year and unchanged with the price in August. The benchmark price of apartments in September was $243,420, an increase of 1.6 per cent compared to September 2010 anddown 0.9 per cent compared to August.
More listings, fewer sales keeping lid on home prices in
the Fraser Valley
