FVREB June Statistics

This past June marks the strongest June in the last four years for the Fraser Valley housing market. The Fraser Valley Real Estate Board (FVREB) found in the June Statistics report that sales are increasing as demand shifts for single family homes and townhomes. Below outlines the key stats and benchmark prices:

FVREB June Statistics

Source: Google Images

Key Stats

  • Sales: 1,668 – an increase of 26% compared to June 2013
  • New Listings: 2,974 – an increase of 13% compared to June 2013
  • Active Listings: 9,853 – a decline of 6% compared to June 2013

Benchmark Prices

  • Single Family Detached Home: $568,600 – an increase of 3% compared to June 2013
  • Townhome: $297,800 – a decline of 0.3% compared to June 2013
  • Apartment:$197,000 – a decline of 2.7% compared to June 2013

Ray Werger, President of FVREB, says, “Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and we’re experiencing that at the ground level. Over the last three months, we’ve seen a surge in demand specifically for single family homes and townhomes in most of our communities. Our number one buyer is families with children and they’re taking advantage of ultra-low interest rates combined with more affordable, stable prices in the Fraser Valley.”

To view the full FVREB June Statistics report, click here.

If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at info@brokersmart.ca