The Fraser Valley Real Estate Board processed 2,231 sales on its Multiple Listing Service® (MLS®) in September, an increase of 66.1 per cent compared to the same month last year and an increase of 9.4 per cent compared to August 2020. This is the highest recorded sales for September in the history of FVREB.
In the last three months, Fraser Valley has seen a defined shift in demand towards single family detached homes with sales in July through to September garnering 47 per cent of the three main residential types, compared to 43 per cent during the same period last year.
*Stats above based off data from Fraser Valley Real Estate Board stats centre.
For more information contact Garry Voigt – 604 789 2140 – email@example.com
7849 160a Street Nestled in a quiet Cul De Sac in desirable Hazelwood Hills, steps from Fleetwood Park.The grand entry features an elegant curved staircase & main floor has updated flooring, bedroom & bath with shower, formal living/dining room with gas fireplace + huge bay window for tons of light, Kitchen with oversized eat up island leads to family room with gas fireplace, VAULTED ceilings and built in WET BAR! Upstairs boasts HUGE master bed, 5 piece ensuite with double jetted tub & separate shower. 3 other large bedrooms, updated full bathroom & big games room/5th bedroom? Tons of parking in the front + PRIVATE stunning back yard that for entertaining with tons of room for the kids on a huge 9000 sq/ft lot. Walk to William Watson Elementary and Fleetwood Secondary. A home the whole family will love!
Contact Garry Voigt for more info 604 789 2140 – firstname.lastname@example.org
Check out the latest SnapStats for the Fraser Valley for February 2020. Sales are up and there has been a slight increase in sales prices indicating that we are in a ‘Sellers Market’. We are once again seeing multiple offer situations not only in condos and townhomes but also single family homes. Inventory is low and there are a lot of buyers out there!!
Contact Garry Voigt today for more information 604 789 2140 or email@example.com
This report data was captured on March 2, 2020 from the Fraser Valley Real Estate Board MLS® . Refer to our YTD reports for sustained periods of the Sales Ratio % . The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Garry Voigt do not assume any responsibility or liability. More info at snap-stats.com .
The Bank Of Canada today announced that they were reducing the benchmark interest rate from 1.75% to 1.25%.
The outbreak of Cornavirus is having a negative impact on the global economy and according to the Bank Of Canada “a material negative shock” to Canadian and global outlooks.
The slash in the interest rate, coupled with the relaxation in the street test could me more borrowing power for buyers. The market is already hot right now with many buyers once again finding themselves in multiple offer situations. Now is definitely a good time to list!
Contact Garry Voigt for more information 604 789 2140 or firstname.lastname@example.org.
In 2019 the BC Government bought in legislation to limit the size of residences on farm land to halt the building of so-called “Mega Mansions’ Another part of this legislation was the necessity for farmers to get permission from the Agricultural Land Commission to build secondary residences on their land.
The changes propose that secondary residences be allowed on ALR land but they cannot be more than 1000 sq ft. However, there would be more flexibility for use including being able to use the secondary home as rental accommodation. This is great news for farmers!
It is proposed that the maximum size of primary residences will remain at 5,400 but secondary residences will no longer have to be mobile or manufactured homes.
The end of 2019 showed no let up in Real Estate sales and the market was extremely strong! We are in what is considered a ‘Sellers Market’** with some homes going into multiple offers due to low inventory and strong demand from buyers.
**For example, the inventory for Langley Condos was down 30% from November to December 2019 but sale price was up 1%. Sales price per sq ft was up 8%.
Inventory for Langley detached homes was down 35% compared to November and sales prices remained unchanged.
Don’t wait for the ‘Spring Market’! In this sellers market, it pays to get ahead of the competition! If you are considering selling your home in Langley, Cloverdale or in the Fraser Valley, let the Garry Voigt Real Estate Team help.
Gall Garry Voigt today 604 789 2140 or email email@example.com.
This report data was captured on January 2,2020 from the Fraser Valley Real Estate Board M LS® .Refer to our YTD reports for sustained periods of the Sales Ratio % .The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Garry Voigt do not assume any responsibility or liability. More info at snap-stats.com
The Government today announced that the plans for the new hospital in Cloverdale “are now all systems go”. The new hospital is moving to the business planning phase where the project scope and budget will be decided.
The new state of the art facility will be located off of Highway 10, on 180th Street, behind Kwantlen Polytechnic University.
Now is a really great time to invest in the Cloverdale/Langley condo market!