BCHH Busiest July on Record in Fraser Valley Home Sales: FVREB
(August 10, 2015
)
As our real estate team at The BC Home Hunter Group forecast last year, we have had yet another record-breaking month seeing residential sales in the Fraser Valley rise 34.7 per cent annually despite plummeting listings.The Fraser Valley last month saw the most real estate transactions ever recorded for the month of July, the Fraser Valley Real Estate Board (FVREB) reported August 5.
The 1,916 residential unit sales processed on the MLS is an increase of 34.7 per cent compared with the 1,423 home sales in July last year.
Jorda Maisey, FVREB president, said, “Home ownership is a passion in our country and in our region currently, conditions couldn’t be better to support that goal. Interest rates are the lowest they’ve been in six years, our provincial economy is on track to be the strongest in the country this year and in the Fraser Valley we have amongst the most affordable homes in the region.
“This is why this summer is shaping up to be the busiest in our history.”
The number of new residential listings appearing on the market increased again in July, rising 7.56 per cent year over year. However, active home listings saw a drop of 23.3 per cent versus July last year.
BCHH Sales and Listings
Single-family detached home sales increased 42.5 per cent compared with last July, although they fell 9.7 per cent compared with June’s figures, reflecting a seasonal slowdown and tighter inventory.
Townhouse sales in the Valley increased 29.3 per cent year over year, and dropped 3.1 per cent month over month.
Fraser Valley condos sales increased a more modest 15 per cent year over year and dropped a significant 14.4 per cent compared with June.
The number of new residential listings increased again in July, rising 7.7 per cent year over year to 2,336 compared with the 2,170 new listings seen in July 2014. The most significant turnaround was in new townhome listings, which recovered from their previous month’s meagre 0.4 per cent annual increase, rising 11.5 per cent year over year in July. However there were a total of just 5,303 active home listings at the end of July, a drop of 23.3 per cent from the 6,909 listings available in July last year, as demand continued to outstrip supply.
This was particularly acute in detached home listings, which were down 28.9 per cent annually. MLS Benchmark Prices In July, the benchmark price of a detached Fraser Valley house was $621,100, a rise of 9.3 per cent compared with July 2014 when it was $568,300. Fraser Valley townhouse prices in July rose 2.1 per cent year over year to $304,900. Condominium apartments in the region continued to be the only property type to see prices falling year over year, by 1 per cent in July to $192,700. If you or anyone you know is a Fraser Valley or Metro Vancouver Home Hunter don't hesitate to call our real estate team any time, 604-767-6736. As our wonderful clients already know, we are the only urban and suburban real estate sales and marketing group in the lower mainland of our kind.
ShareCategories
Archives
- May 2022 (1)
- November 2021 (2)
- October 2021 (3)
- July 2021 (1)
- March 2021 (1)
- April 2020 (1)
- January 2020 (1)
- October 2019 (1)
- September 2019 (1)
- August 2019 (1)
- June 2019 (1)
- April 2019 (1)
- December 2018 (1)
- August 2018 (1)
- July 2018 (1)
- June 2018 (1)
- April 2018 (1)
- March 2018 (1)
- February 2018 (2)
- January 2018 (2)
- December 2017 (1)
- November 2017 (2)
- October 2017 (2)
- August 2017 (3)
- June 2017 (3)
- April 2017 (3)
- March 2017 (3)
- February 2017 (1)
- January 2017 (3)
- December 2016 (4)
- November 2016 (2)
- October 2016 (3)
- August 2016 (3)
- July 2016 (1)
- June 2016 (3)
- April 2016 (3)
- March 2016 (3)
- February 2016 (10)
- January 2016 (5)
- December 2015 (1)
- November 2015 (4)
- October 2015 (3)
- September 2015 (1)
- August 2015 (3)
- July 2015 (3)
- June 2015 (10)
- May 2015 (4)
- April 2015 (9)
- March 2015 (3)
- February 2015 (5)
- January 2015 (12)
- December 2014 (7)
- November 2014 (13)
- October 2014 (13)
- September 2014 (9)
- August 2014 (4)
- July 2014 (10)
- June 2014 (12)
- May 2014 (10)
- April 2014 (5)
- March 2014 (23)
Subscribe To This Blog
© 2004. An independently owned and operated broker member of Sutton West Coast Realty. Each office independently owned and operated.
Sutton and Sutton West Coast are service marks of Sutton West Coast Realty and are used herein under license. Mandeep Sendher is the licensed realtor at The BC Home Hunter Group and though he is not the owner of any BCHH domains, trademarks, branding or content he assumes 100% responsibility for any and all online and offline print material, artwork, reports etc. MANDEEP SENDHER is responsible for all problems and issues including this web site or other BCHH social media platforms or electronic communication.
All photos, artwork and materials are assumed to be in the public domain unless otherwise stated. Copyright claims will be honored upon specific identification of material and immediately dealt with upon request.
The content of this website is protected by copyright law. All rights reserved. Unauthorized use in any way, shape or form is prohibited. Information is deemed reliable but is not guaranteed. Maximum care has been put into the accuracy of the content, but specifications and details should be verified by the parties involved in transactions, and we are not liable for any losses whatsoever incurred as a result of information on this website.
You are not permitted to post on or transmit to or from this web site any unlawful, threatening, libellous, defamatory, obscene, inflammatory, pornographic or profane material, or other content that could give rise to civil or criminal liability under the law.
This web site does not grant you any rights to use our trademarks, service marks, logos, artwork or trade names. The content on this site is protected by copyrights, trademarks and service marks, other intellectual property laws, and other laws and regulations.
The design, layout, graphics, photography are copyrighted and the property of THE BC HOME HUNTER GROUP, and may not be reproduced and/or used for any purposes whatsoever, without written consent. THE BC HOME HUNTER GROUP does not claim to own the rights to any or all artwork, designs, photographs etc, found on this web site or any other or any social media unless otherwise stipulated.
BCHOMEHUNTER.COM
VANCOUVERHOMEHUNTER.COM
FRASERVALLEYHOMEHUNTER.COM
NORTHVANCOUVERHOMEHUNTER.COM
WHITEROCKHOMEHUNTER.COM
LANGLEYHOMEHUNTER.COM
CLOVERDALEHOMEHUNTER.COM
WESTVANCOUVERHOMEHUNTER.COM
PITTMEADOWSHOMEHUNTER.COM
BURNABYHOMEHUNTER.COM
COQUITLAMHOMEHUNTER.COM
DELTAHOMEHUNTER.COM
MAPLERIDGEHOMEHUNTER.COM
PORTMOODYHOMEHUNTER.COM
SURREYHOMEHUNTER.COM
SOUTHSURREYHOMEHUNTER.COM
FORTLANGLEYHOMEHUNTER.COM
MORGANHEIGHTSHOMEHUNTER.COM
604LIFE.COM