{"id":3365,"date":"2017-12-06T03:14:00","date_gmt":"2017-12-06T03:14:00","guid":{"rendered":"https:\/\/schreders.ca\/?p=3365"},"modified":"2022-11-16T14:05:49","modified_gmt":"2022-11-16T19:05:49","slug":"demand-fraser-valley-properties-persisted-november","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/demand-fraser-valley-properties-persisted-november\/","title":{"rendered":"Demand for Fraser Valley Properties Persisted Through November"},"content":{"rendered":"

Townhouse sales continue to drive Fraser Valley market in November<\/h1>\n

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November 2017 STATISTICS REPORT<\/span><\/h2>\n

Langley Real Estate Report<\/strong><\/p>\n

Demand for Fraser Valley properties persisted through November, once again bolstered by strong attached sales across the region. Attached sales (apartments, townhomes) represented 53% of all market activity for November, with apartment sales totalling 496 and townhomes at 426.<\/p>\n

Total sales of all properties for the month of November were 1,743. This is an increase of 39.8% compared to the 1,247 sales in November of last year, and a 3.1% decrease compared to the 1,799 sales last month.<\/p>\n

See Listed Properties in Langley BC<\/a><\/span><\/p>\n

This will mark the second highest sales total for a November in the Board\u2019s history. Listings this November were up 29.7% compared to November 2016.<\/p>\n

What do all these numbers mean? Inventory of townhomes and apartments equates to a wide spectrum for pricing and supply, helping buyers of all types find success in the Fraser Valley.<\/p>\n

If you are considering selling or just have questions about the market<\/strong>, please give us a call today and let\u2019s chat<\/a><\/span>.<\/p>\n

See last months statistics –>> https:\/\/schreders.ca\/demand-strong-october-langley-fraser-valley\/<\/a><\/span><\/strong><\/span><\/p>\n

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All Fraser Valley Areas Combined<\/h2>\n

Abbotsford – Mission – White Rock – Langley – Delta\/North – Surrey Central – Cloverdale – Surrey\/North<\/strong><\/p>\n

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Abbotsford<\/h2>\n

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Mission<\/h2>\n

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White Rock<\/h2>\n

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Langley<\/h2>\n

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Delta – North<\/h2>\n

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Surrey – Central<\/h2>\n

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Surrey – Cloverdale<\/h2>\n

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Surrey – North<\/h2>\n

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Attached sales continue to drive Fraser Valley market in November<\/h2>\n
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SURREY, BC \u2013 Demand for Fraser Valley properties persisted through November, once again bolstered by strong attached sales across the region.<\/p>\n

The Fraser Valley Real Estate Board processed 1,743 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in November, an increase of 39.8% compared to the 1,247 sales in November of last year, and a 3.1% decrease compared to the 1,799 sales in October 2017. This will mark the second highest sales total for a November in the Board\u2019s history.<\/p>\n

Attached sales represented 53% of all market activity for the month, with apartment sales totaling 496 and townhomes at 426.<\/p>\n

\u201cOur attached market feels like our detached market used to,\u201d Gopal Sahota, Fraser Valley Real Estate Board President remarked. \u201cWith our townhome and apartment inventory here, you have the same wide spectrum for pricing and supply that\u2019s helping buyers of all types find success in the Valley.\u201d<\/p><\/blockquote>\n

Last month the total active inventory for the Fraser Valley was 5,129 listings. Active inventory decreased by 6.5% month-over-month, and decreased 8.4% when compared to November 2016.<\/p>\n

The Board received 2,324 new listings in November, a 6.3% decrease from October 2017, and a 29.7% increase compared to November 2016\u2019s 1,792 new listings.<\/p>\n

\u201cAs you can imagine, attached listings are moving fast and often facing multiple offer situations,\u201d continued Sahota. \u201cTalk to a REALTOR\u00ae if you\u2019re ready to buy, and they can help give you the best chance at the homes you want.\u201d<\/p><\/blockquote>\n

For the Fraser Valley region the average number of days to sell an apartment in November was 17, and 21 for townhomes. Single family detached homes remained on the market for an average of 31 days before selling.<\/p>\n

HPI\u00ae Benchmark Price Activity<\/strong><\/p>\n