{"id":6876,"date":"2019-11-06T21:34:24","date_gmt":"2019-11-06T21:34:24","guid":{"rendered":"https:\/\/schreders.ca\/?p=6876"},"modified":"2022-11-16T14:05:46","modified_gmt":"2022-11-16T19:05:46","slug":"fraser-valley-real-estate-market-october-2019","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-october-2019\/","title":{"rendered":"Fraser Valley Real Estate Market October 2019"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The demand for Fraser Valley real estate in October is the strongest it\u2019s been since the spring of 2018. <\/h2>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">OCTOBER 2019 STATISTICS REPORT<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Fraser Valley Real Estate Report<\/strong><\/h4>\n\n\n\n<p> The housing market in the Fraser Valley is definitely picking up.&nbsp; In fact, there were more&nbsp;home sales in October than in the month of April this year, which is not the norm.&nbsp; In some local areas we are even seeing prices start to creep up.&nbsp; <\/p>\n\n\n\n<p class=\"has-text-color has-background has-text-align-center has-vivid-red-color has-very-light-gray-background-color\"><a href=\"https:\/\/schreders.ca\/langley-city\/\">See Listed Properties For Sale in Langley BC<\/a><\/p>\n\n\n\n<p>It is a good time for buyers too, as mortgage rates are once again very low and people&#8217;s down payments can get them further. This will be further helped by speculation that the Bank of Canada will be cutting rates in the near future.&nbsp;<\/p>\n\n\n\n<p><strong>If you are considering selling, buying or just have questions about the market<\/strong>, please give us a call today and <a href=\"https:\/\/schreders.ca\/contact\/\">let\u2019s chat<\/a>.<\/p>\n\n\n\n<p class=\"has-text-color has-background has-text-align-center has-medium-font-size has-vivid-red-color has-very-light-gray-background-color\"><strong><a href=\"https:\/\/schreders.ca\/fraser-valley-real-estate-market-september-2019\">GO TO LAST MONTHS STATS<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"1500\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-OCTOBER-002.png\" alt=\"Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-OCTOBER-002\" class=\"wp-image-6901\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-OCTOBER-002.png 800w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-OCTOBER-002-160x300.png 160w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-OCTOBER-002-546x1024.png 546w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-OCTOBER-002-768x1440.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">All Fraser Valley Areas Combined<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH: 16.9%<\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH: 24.1% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH: 15.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-all-areas.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1150\" height=\"173\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-All-areas.png\" alt=\"\" class=\"wp-image-6878\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-All-areas.png 1150w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-All-areas-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-All-areas-1024x154.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-All-areas-768x116.png 768w\" sizes=\"auto, (max-width: 1150px) 100vw, 1150px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Abbotsford<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH: 32.3%<\/li><li>Townhouse &#8211; SALES FROM LAST MONTH: 0.0% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH: 14.5%  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-abbotsford.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1158\" height=\"170\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Abbotsford.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Abbotsford\" class=\"wp-image-6879\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Abbotsford.png 1158w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Abbotsford-300x44.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Abbotsford-1024x150.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Abbotsford-768x113.png 768w\" sizes=\"auto, (max-width: 1158px) 100vw, 1158px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Mission<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH:  20.0%<\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  175.0% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:   50.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-mission.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"171\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Mission.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Mission\" class=\"wp-image-6880\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Mission.png 1152w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Mission-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Mission-1024x152.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Mission-768x114.png 768w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">White Rock \/ South Surrey<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH:  15.9% <\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  38.0%  <\/li><li>Condo\/Apt &#8211; SALES DOWN FROM LAST MONTH:  -10.1%   <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-white-rock-south-surrey.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1153\" height=\"164\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-White-Rock-South-Surrey.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - White Rock South Surrey\" class=\"wp-image-6881\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-White-Rock-South-Surrey.png 1153w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-White-Rock-South-Surrey-300x43.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-White-Rock-South-Surrey-1024x146.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-White-Rock-South-Surrey-768x109.png 768w\" sizes=\"auto, (max-width: 1153px) 100vw, 1153px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Langley<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH:  35.2% <\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  1.1% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:  16.2% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-langley.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1155\" height=\"170\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Langley.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Langley\" class=\"wp-image-6882\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Langley.png 1155w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Langley-300x44.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Langley-1024x151.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Langley-768x113.png 768w\" sizes=\"auto, (max-width: 1155px) 100vw, 1155px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Delta \u2013 North<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH:  57.6% <\/li><li>Townhouse &#8211; SALES DOWN FROM LAST MONTH:  -10.0% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH: 100.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-delta-north.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1155\" height=\"175\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Delta-North.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Delta North\" class=\"wp-image-6883\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Delta-North.png 1155w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Delta-North-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Delta-North-1024x155.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Delta-North-768x116.png 768w\" sizes=\"auto, (max-width: 1155px) 100vw, 1155px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 Central<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH:  0.8% <\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  49.3% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:  11.4% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-surrey-central.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1154\" height=\"175\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Central.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Surrey Central\" class=\"wp-image-6884\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Central.png 1154w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Central-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Central-1024x155.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Central-768x116.png 768w\" sizes=\"auto, (max-width: 1154px) 100vw, 1154px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 Cloverdale<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES DOWN FROM LAST MONTH:  -9.1% <\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  16.2% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:  26.3% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-surrey-cloverdale.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1156\" height=\"166\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Cloverdale.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Surrey Cloverdale\" class=\"wp-image-6885\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Cloverdale.png 1156w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Cloverdale-300x43.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Cloverdale-1024x147.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-Cloverdale-768x110.png 768w\" sizes=\"auto, (max-width: 1156px) 100vw, 1156px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 North<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Detached &#8211; SALES UP FROM LAST MONTH: 5.0% <\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  50.0% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:  26.7% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/04\/Schreder-Brothers-Real-Estate-Group-Langley-BC-Fraser-Valley-Real-Estate-Board-Statistic-Package-MARCH-2019-surrey-north.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1156\" height=\"168\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-North.png\" alt=\"FVREB - Fraser Valley Statistics Package - October 2019 - Surrey North\" class=\"wp-image-6886\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-North.png 1156w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-North-300x44.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-North-1024x149.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/11\/FVREB-Fraser-Valley-Statistics-Package-October-2019-Surrey-North-768x112.png 768w\" sizes=\"auto, (max-width: 1156px) 100vw, 1156px\" \/><\/a><\/figure>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\"> What Does The Fraser Valley Real Estate Board Have To Say?  <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Real estate rebound continues for Fraser Valley<\/h1>\n\n\n\n<p>SURREY, BC \u2013 The demand for Fraser Valley real estate is the strongest it\u2019s been since the spring of 2018.<\/p>\n\n\n\n<p>The Fraser Valley Real Estate Board processed 1,592 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in October, a &nbsp;18.5 per cent increase compared to sales in September 2019, and a 37.8 per cent increase compared to the 1,155 sales in October of last year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Darin Germyn, President of the Board, says, \u201cOur market started to pick up in the summer and we\u2019ve been steadily improving since. It\u2019s rare to see October home sales in the Fraser Valley outpace April and that\u2019s what we\u2019ve seen this year; our typical spring and fall markets have flipped.<\/p><p>\u201cConsumers are feeling more confident. Buyers have grown accustomed to the government\u2019s regulation changes. Interest rates have thankfully remained stable and we\u2019re likely seeing some pent-up demand from buyers who were holding off earlier this year. October\u2019s beautiful, sunny weather didn\u2019t hurt either.\u201d<\/p><\/blockquote>\n\n\n\n<p>There were 7,398 active listings available in the Fraser Valley at the end of October, a decrease of 4.5 per cent compared to October of last year and a decrease of 6.9 per cent compared to September 2019. The Board received 2,383 new listings in October, a 13.9 per cent decrease compared to September 2019\u2019s intake of 2,769 new listings and a 14.2 per cent decrease compared to October of last year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Germyn adds, \u201cWe\u2019re still seeing some hesitation from sellers to list as they continue to watch for further price erosion, however, it\u2019s important to talk to your local market expert because prices in some areas have turned the corner and are starting to creep up again.\u201d<\/p><\/blockquote>\n\n\n\n<p><strong>MLS\u00ae HPI Benchmark Price Activity<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Single Family Detached:<\/strong>&nbsp;At $952,600, the Benchmark price for a&nbsp;<em>single-family detached<\/em>&nbsp;home in the Fraser Valley increased 0.3 per cent compared to September 2019 and decreased 3.5 per cent compared to October 2018.<\/li><li><strong>Townhomes:<\/strong>&nbsp;At $516,000 the Benchmark price for a&nbsp;<em>townhome<\/em>&nbsp;in the Fraser Valley in the Fraser Valley decreased 0.8 per cent compared to September 2019 and decreased 4.2 per cent compared to October 2018.<\/li><li><strong>Apartments:<\/strong>&nbsp;At $405,100, the Benchmark price for&nbsp;<em>apartments\/condos<\/em>&nbsp;in the Fraser Valley decreased 0.1 per cent compared to September 2019 and decreased 6.4 per cent compared to October 2018.<\/li><\/ul>\n\n\n\n<p>For the Fraser Valley region, the average number of days to sell an apartment in October was 34, and 37 for townhomes. Single family detached homes remained on the market for an average of 46 days before selling.<\/p>\n\n\n\n<p>Find the October Statistics Package&nbsp;<a href=\"https:\/\/fvreb.bc.ca\/statistics\/Package201910.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n<hr>\n<h3 style=\"text-align: center;\">Are you a stats geek?<\/h3>\n<h4 style=\"text-align: center;\">Want to see a breakdown of all the numbers yourself? Sign up for a&nbsp;<strong>Full Monthly Statistics Package<\/strong> every month.<\/h4>\n<table style=\"background-color: #8f0509;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\">\n<h2><span style=\"color: #ffffff;\">Get The Full Monthly Statistics Package<\/span><\/h2>\n<p><span style=\"color: #ffffff;\">[contact-form-7 id=&#8221;825&#8243; title=&#8221;Email Form&#8221;]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>The demand for Fraser Valley real estate in October is the strongest it\u2019s been since the spring of 2018. OCTOBER 2019 STATISTICS REPORT Fraser Valley Real &hellip;<\/p>\n","protected":false},"author":2,"featured_media":6896,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,64],"tags":[136],"class_list":["post-6876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post","category-monthly-market-updates","tag-fvreb"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/6876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/comments?post=6876"}],"version-history":[{"count":1,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/6876\/revisions"}],"predecessor-version":[{"id":70608,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/6876\/revisions\/70608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media\/6896"}],"wp:attachment":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media?parent=6876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/categories?post=6876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/tags?post=6876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}