{"id":13854,"date":"2019-10-08T10:10:23","date_gmt":"2019-10-08T17:10:23","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13854"},"modified":"2019-10-03T10:52:58","modified_gmt":"2019-10-03T17:52:58","slug":"fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/","title":{"rendered":"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating"},"content":{"rendered":"<p style=\"text-align: justify;\">SURREY, BC \u2013 For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley Real Estate Board processed 1,343 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in September, a 3.5% increase compared to sales in August 2019, and a 29.8% increase compared to the 1,035 sales in September of last year.<\/p>\n<p style=\"text-align: justify;\">Darin Germyn, President of the Board, says, \u201cThe market\u2019s return to balance is good news for both buyers and sellers, however it\u2019s important to put the 30 per cent year-over-year increase in sales into context. September\u2019s sales went from amongst the worst in 10 years to just above our 10-year average.<\/p>\n<p style=\"text-align: justify;\">\u201cHome prices are still dropping compared to a year ago, but on a month-to-month basis, prices are moderating because supply is shrinking. Our incoming supply of new listings has dropped consistently for the last four months pushing our total inventory in the Fraser Valley to the lowest it\u2019s been since April, which has had an impact on prices.\u201d<\/p>\n<p style=\"text-align: justify;\">There were 7,946 active listings available in the Fraser Valley at the end of September, an increase of 3.9% compared to September of last year and a decrease of 1.2% compared to August 2019. The Board received 2,769 new listings in September, a 17.5% increase compared to August 2019\u2019s intake of 2,357 new listings and a 6% decrease compared to September of last year.<\/p>\n<p style=\"text-align: justify;\">Germyn adds, \u201cFinancing is still a challenge for many clients, but fortunately in a balanced market like this, REALTORS\u00ae have the time to work with clients and advise them of the best strategies for them, whether they are buying or selling.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>MLS\u00ae HPI Benchmark Price Activity<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 Single Family Detached : At $950,000, the Benchmark price for a single-family detached home in the Fraser Valley decreased 0.4% compared to August 2019 and decreased 3.9% compared to September 2018.<br \/>\n\u2022 Townhomes : At $520,000 the Benchmark price for a townhome in the Fraser Valley in the Fraser Valley decreased 0.3% compared to August 2019 and decreased 4.8% compared to September 2018.<br \/>\n\u2022 Apartments : At $405,500, the Benchmark price for apartments\/condos in the Fraser Valley decreased 0.9% compared to August 2019 and decreased 7.6% compared to September 2018.<\/p>\n<p style=\"text-align: justify;\">For the Fraser Valley region, the average number of days to sell an apartment in September was 41, and 37 for townhomes. Single family detached homes remained on the market for an average of 46 days before selling.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/fvreb.bc.ca\/statistics\/Package201909.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> to view the September Statistics Package.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fvreb.bc.ca\/statistics\/property-sales-in-fraser-valley-have-recovered-bringing-market-into-balance\/\" target=\"_blank\" rel=\"noopener noreferrer\">Property Sales in Fraser Valley Have Recovered Bringing Market into Balance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SURREY, BC \u2013 For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages. The Fraser Valley Real &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/\">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-13854","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating &#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\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"SURREY, BC \u2013 For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages. The Fraser Valley Real &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\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating\",\"datePublished\":\"2019-10-08T17:10:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/\"},\"wordCount\":413,\"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\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/\",\"name\":\"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2019-10-08T17:10:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/10\\\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating\"}]},{\"@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":"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating &#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\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/","twitter_card":"summary_large_image","twitter_title":"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"SURREY, BC \u2013 For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages. The Fraser Valley Real &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\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating","datePublished":"2019-10-08T17:10:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/"},"wordCount":413,"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\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/","url":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/","name":"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2019-10-08T17:10:23+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2019\/10\/fvreb-home-sales-have-recovered-bringing-market-into-balance-prices-are-moderating\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"FVREB Home Sales Have Recovered Bringing Market into Balance, Prices are Moderating"}]},{"@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\/13854","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=13854"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/13854\/revisions"}],"predecessor-version":[{"id":13856,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/13854\/revisions\/13856"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=13854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=13854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=13854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}