{"id":7646,"date":"2019-12-06T00:14:13","date_gmt":"2019-12-06T00:14:13","guid":{"rendered":"http:\/\/schreders.ca\/?p=7646"},"modified":"2022-11-16T14:05:46","modified_gmt":"2022-11-16T19:05:46","slug":"fraser-valley-real-estate-market-november-2019","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-november-2019\/","title":{"rendered":"Fraser Valley Real Estate Market November 2019"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Unseasonably high demand and declining supply reinforced Fraser Valley\u2019s real estate market in November. <\/h2>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">NOVEMBER 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>We are seeing a lot of activity in the Fraser Valley Real Estate market for this time of year.&nbsp; When priced correctly, all product types are moving faster than expected, as inventory levels are not keeping up with the demand.&nbsp; <\/p>\n\n\n\n<p>These are signs of a strong and early spring market approaching.&nbsp; As always, there is ample opportunity in this market; call us to chat further and understand what it means for you. <\/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><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-october-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 size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"1500\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-NOVEMBER.png\" alt=\"Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-NOVEMBER\" class=\"wp-image-7664\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-NOVEMBER.png 800w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-NOVEMBER-160x300.png 160w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-NOVEMBER-546x1024.png 546w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Schreder-Brothers-Real-Estate-The-Fraser-Valley-Real-Estate-Board-Report-Infographic-2019-NOVEMBER-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 DOWN FROM LAST MONTH: -15.6%<\/li><li>Townhouse &#8211; SALES  DOWN  FROM LAST MONTH: -11.1% <\/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 size-large\"><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=\"1417\" height=\"216\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-all-001.png\" alt=\"\" class=\"wp-image-7666\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-all-001.png 1417w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-all-001-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-all-001-1024x156.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-all-001-768x117.png 768w\" sizes=\"auto, (max-width: 1417px) 100vw, 1417px\" \/><\/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  DOWN  FROM LAST MONTH: -14.0%<\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH: 20.0% <\/li><li>Condo\/Apt &#8211; SALES DOWN FROM LAST MONTH: -7.6%  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><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=\"1428\" height=\"218\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-abbotsford-001.png\" alt=\"\" class=\"wp-image-7665\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-abbotsford-001.png 1428w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-abbotsford-001-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-abbotsford-001-1024x156.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-abbotsford-001-768x117.png 768w\" sizes=\"auto, (max-width: 1428px) 100vw, 1428px\" \/><\/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:  8.3%<\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  9.1% <\/li><li>Condo\/Apt &#8211; SALES  FROM LAST MONTH:   0.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><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=\"1421\" height=\"218\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-mission-001.png\" alt=\"\" class=\"wp-image-7669\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-mission-001.png 1421w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-mission-001-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-mission-001-1024x157.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-mission-001-768x118.png 768w\" sizes=\"auto, (max-width: 1421px) 100vw, 1421px\" \/><\/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 FROM LAST MONTH:  0.0% <\/li><li>Townhouse &#8211; SALES DOWN FROM LAST MONTH:  -8.7%  <\/li><li>Condo\/Apt &#8211; SALES  DOWN FROM LAST MONTH:  -8.1%   <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><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=\"1428\" height=\"223\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-white-rock-south-surrey-001.png\" alt=\"\" class=\"wp-image-7673\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-white-rock-south-surrey-001.png 1428w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-white-rock-south-surrey-001-300x47.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-white-rock-south-surrey-001-1024x160.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-white-rock-south-surrey-001-768x120.png 768w\" sizes=\"auto, (max-width: 1428px) 100vw, 1428px\" \/><\/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  DOWN FROM LAST MONTH:  -31.1% <\/li><li>Townhouse &#8211; SALES UP FROM LAST MONTH:  6.8% <\/li><li>Condo\/Apt &#8211; SALES  DOWN FROM LAST MONTH:  -24.4% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><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=\"1422\" height=\"214\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-langley-001.png\" alt=\"\" class=\"wp-image-7668\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-langley-001.png 1422w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-langley-001-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-langley-001-1024x154.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-langley-001-768x116.png 768w\" sizes=\"auto, (max-width: 1422px) 100vw, 1422px\" \/><\/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  DOWN FROM LAST MONTH:  -36.5% <\/li><li>Townhouse &#8211; SALES  DOWN FROM LAST MONTH:  -55.6% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH: 116.7% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><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=\"1421\" height=\"211\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-delta-north-001.png\" alt=\"\" class=\"wp-image-7667\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-delta-north-001.png 1421w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-delta-north-001-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-delta-north-001-1024x152.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-delta-north-001-768x114.png 768w\" sizes=\"auto, (max-width: 1421px) 100vw, 1421px\" \/><\/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  DOWN FROM LAST MONTH:  -10.9% <\/li><li>Townhouse &#8211; SALES  DOWN FROM LAST MONTH:  -25.9% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:  2.6% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><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=\"1423\" height=\"217\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-central-001.png\" alt=\"\" class=\"wp-image-7670\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-central-001.png 1423w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-central-001-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-central-001-1024x156.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-central-001-768x117.png 768w\" sizes=\"auto, (max-width: 1423px) 100vw, 1423px\" \/><\/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:  -12.5% <\/li><li>Townhouse &#8211; SALES  DOWN FROM LAST MONTH:  -32.6% <\/li><li>Condo\/Apt &#8211; SALES UP FROM LAST MONTH:  12.5% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><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=\"1424\" height=\"214\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-cloverdale-001.png\" alt=\"\" class=\"wp-image-7671\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-cloverdale-001.png 1424w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-cloverdale-001-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-cloverdale-001-1024x154.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-cloverdale-001-768x115.png 768w\" sizes=\"auto, (max-width: 1424px) 100vw, 1424px\" \/><\/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  DOWN FROM LAST MONTH:  -20.6% <\/li><li>Townhouse &#8211; SALES  DOWN FROM LAST MONTH:  -20.8% <\/li><li>Condo\/Apt &#8211; SALES  DOWN FROM LAST MONTH:  -16.7% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><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=\"1420\" height=\"208\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-north-001.png\" alt=\"\" class=\"wp-image-7672\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-north-001.png 1420w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-north-001-300x44.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-north-001-1024x150.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2019\/12\/Fraser-Valley-Real-Estate-Board-Statistic-Package-2019-november-surrey-north-001-768x112.png 768w\" sizes=\"auto, (max-width: 1420px) 100vw, 1420px\" \/><\/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\">Unusual end-of-year demand for Fraser Valley real estate<\/h1>\n\n\n\n<p>SURREY, BC \u2013 A combination of unseasonably high demand and declining supply reinforced Fraser Valley\u2019s real estate market in November.<\/p>\n\n\n\n<p>The Fraser Valley Real Estate Board processed 1,405 sales of all property types on its Multiple Listing Service\u00ae (MLS\u00ae) in November, an 11.7 per cent decrease compared to sales in October 2019, and a 36.7 per cent increase compared to the 1,028 sales in November 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, \u201cSome listings are seeing a lot of activity depending on location and property type. REALTORS\u00ae are reporting more showings, higher traffic at open houses and even some multiple offer situations, which is atypical for the time of year.<\/p><p>\u201cFor our region, a balanced market is when 12 to 20 per cent of active inventory is selling. In November, 33 per cent of our supply of townhomes sold, as did 29 per cent of Fraser Valley condos; indicating that the supply of attached properties isn\u2019t keeping up with demand.\u201d<\/p><\/blockquote>\n\n\n\n<p>There were 6,733 active listings available in the Fraser Valley at the end of November, a decrease of 8.5 per cent compared to November of last year and a decrease of 9 per cent compared to October 2019. The Board received 1,877 new listings in November, a 21.2 per cent decrease compared to October 2019\u2019s intake of 2,383 new listings and a 9.6 per cent decrease compared to November 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, \u201cBuyers are seeing the effect that tighter supply has on prices. In early summer, the combined residential benchmark price was down 6 per cent compared to the same period last year; in November it was down by 3 per cent.\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 $952,200, the Benchmark price for a&nbsp;<em>single-family detached<\/em>&nbsp;home in the Fraser Valley remained unchanged compared to October 2019 and decreased 2.5 per cent compared to November 2018.<\/li><li><strong>Townhomes:<\/strong>&nbsp;At $514,700 the Benchmark price for a&nbsp;<em>townhome<\/em>&nbsp;in the Fraser Valley in the Fraser Valley decreased 0.3 per cent compared to October 2019 and decreased 3.4 per cent compared to November 2018.<\/li><li><strong>Apartments:<\/strong>&nbsp;At $404,500, the Benchmark price for&nbsp;<em>apartments\/condos<\/em>&nbsp;in the Fraser Valley decreased 0.1 per cent compared to October 2019 and decreased 4.3 per cent compared to November 2018.<\/li><\/ul>\n\n\n\n<p>For the Fraser Valley region, the average number of days to sell an apartment in November was 40, and 38 for townhomes. Single family detached homes remained on the market for an average of 48 days before selling.<\/p>\n\n\n\n<p>Find the November Statistics Package&nbsp;<a href=\"https:\/\/fvreb.bc.ca\/statistics\/Package201911.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p><\/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>Unseasonably high demand and declining supply reinforced Fraser Valley\u2019s real estate market in November. NOVEMBER 2019 STATISTICS REPORT Fraser Valley Real Estate Report We are seeing &hellip;<\/p>\n","protected":false},"author":2,"featured_media":7674,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,64],"tags":[],"class_list":["post-7646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post","category-monthly-market-updates"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/7646","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=7646"}],"version-history":[{"count":1,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/7646\/revisions"}],"predecessor-version":[{"id":70602,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/7646\/revisions\/70602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media\/7674"}],"wp:attachment":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media?parent=7646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/categories?post=7646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/tags?post=7646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}