{"id":10308,"date":"2018-09-06T08:08:26","date_gmt":"2018-09-06T15:08:26","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10308"},"modified":"2018-09-05T20:10:20","modified_gmt":"2018-09-06T03:10:20","slug":"fraser-valley-sees-further-decline-in-activity-in-august","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/","title":{"rendered":"Fraser Valley Sees Further Decline in Activity in August"},"content":{"rendered":"<p style=\"text-align: justify;\">SURREY, BC \u2013 Market activity declined further in August with sales dropping to their lowest level this year.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley Real Estate Board processed 1,155 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in August, a decrease of 38.5% compared to the 1,879 sales in August of last year, and a 10.5% decrease compared to the 1,290 sales in July 2018.<\/p>\n<p style=\"text-align: justify;\">Sales of attached homes continued to represent over fifty per cent of all activity in the Fraser Valley this month, with 294 townhouses and 318 apartments selling in August.<\/p>\n<p style=\"text-align: justify;\">\u201cWith demand slowing down and prices staying put, both buyers and sellers can expect to see an easing of competition with less multiple offer situations,\u201d said John Barbisan, President of the Board. \u201cRight now, effective pricing is key and will be the determining factor for a successful transaction.\u201d<\/p>\n<p style=\"text-align: justify;\">Active inventory for the Fraser Valley in July finished at 7,339 listings, decreasing 0.8% month-over-month and increasing 28.5% year-over-year.<\/p>\n<p style=\"text-align: justify;\">2,575 new listings were received by the Board in August, an 11.8% decrease from July 2018\u2019s 2,921 new listings, and a 2.2% decrease compared to August 2017\u2019s intake.<\/p>\n<p style=\"text-align: justify;\">\u201cOur market continues to open up the further we get into the year, and that means you can make more considered, informed decisions if you\u2019re looking to jump in,\u201d continued Barbisan. \u201cThe best first step you can take is talking to a local REALTOR\u00ae who can help you determine your options and a plan forward.\u201d<\/p>\n<p style=\"text-align: justify;\">For the Fraser Valley region, the average number of days to sell an apartment and a townhome in August was 27. Single family detached homes remained on the market for an average of 35 days before selling.<\/p>\n<p style=\"text-align: justify;\">HPI\u00ae Benchmark Price Activity<\/p>\n<p style=\"text-align: justify;\">\u2022 Single Family Detached : At $1,008,700, the Benchmark price for a single family detached home in the Fraser Valley decreased 0.9% compared to July 2018 and increased 2.9% compared to August 2017.<br \/>\n\u2022 Townhomes : At $548,300 the Benchmark price for a townhome in the Fraser Valley in the Fraser Valley decreased 1.7% compared to July 2018 and increased 11.5% compared to August 2017.<br \/>\n\u2022 Apartments : At $443,200, the Benchmark price for apartments\/condos in the Fraser Valley decreased 1.6% compared to July 2018 and increased 26.9% compared to August 2017.<\/p>\n<p><a href=\"http:\/\/www.fvreb.bc.ca\/statistics\/Package201808.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the August Statistics Package.<\/p>\n<p><a href=\"https:\/\/www.fvreb.bc.ca\/statistics\/fraser-valley-sees-further-decline-in-activity-in-august\/\" target=\"_blank\" rel=\"noopener\">Fraser Valley Sees Further Decline in Activity in August<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SURREY, BC \u2013 Market activity declined further in August with sales dropping to their lowest level this year. The Fraser Valley Real Estate Board processed 1,155 sales of all property &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-10308","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fraser Valley Sees Further Decline in Activity in August &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fraser Valley Sees Further Decline in Activity in August &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"SURREY, BC \u2013 Market activity declined further in August with sales dropping to their lowest level this year. The Fraser Valley Real Estate Board processed 1,155 sales of all property &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Fraser Valley Sees Further Decline in Activity in August\",\"datePublished\":\"2018-09-06T15:08:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/\"},\"wordCount\":366,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/\",\"name\":\"Fraser Valley Sees Further Decline in Activity in August &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-09-06T15:08:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/09\\\/fraser-valley-sees-further-decline-in-activity-in-august\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fraser Valley Sees Further Decline in Activity in August\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fraser Valley Sees Further Decline in Activity in August &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/","twitter_card":"summary_large_image","twitter_title":"Fraser Valley Sees Further Decline in Activity in August &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"SURREY, BC \u2013 Market activity declined further in August with sales dropping to their lowest level this year. The Fraser Valley Real Estate Board processed 1,155 sales of all property &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Fraser Valley Sees Further Decline in Activity in August","datePublished":"2018-09-06T15:08:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/"},"wordCount":366,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/","name":"Fraser Valley Sees Further Decline in Activity in August &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-09-06T15:08:26+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/09\/fraser-valley-sees-further-decline-in-activity-in-august\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Fraser Valley Sees Further Decline in Activity in August"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=10308"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10308\/revisions"}],"predecessor-version":[{"id":10309,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10308\/revisions\/10309"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=10308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=10308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=10308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}