Fraser Valley Real Estate Board - Stats for July 2019

Posted by Mir Khan on Friday, August 2nd, 2019 at 12:00pm.

Stats from July 2019

The Real Estate market in the Fraser Valley has been significantly better since June 2019 at sales ratio of 18%, verses, July 2019 at sales ratio of 21% overall (for all property types) -- switched from a 'Balanced Market' back to a 'Sellers Market'.

Looking at Surrey, BC, Canada (for detached homes); the June 2019 sales ratio was at 14%, and it is still unchanged in July 2019, with the same sales ratio at 14% -- still in a 'Balanced Market'. The average sales price slightly decreased from June 2019 to July 2019 for detached homes in Surrey, BC, by 4% averaging at: $931,000. The inventory slightly rising in July by 4%; and the sales 1% less in comparison to June 2019 for all detached homes in Surrey, BC. Lastly, the Days-On-Market (DOM) went up by 8 days, to 32 days from 24 days in June 2019. For the most part, we are in a balanced market (ask me what this means) at 14% Sales Ratio for the entire Surrey detached single family homes.

The Detached Homes (Single Family Homes) in Sullivan Station Community - market was moderate in June 2019 at 14%, and, in July, very slightly better at 15% --> still a 'Balanced Market'.

'We’ve been expecting market improvement, but didn’t quite anticipate July’s momentum. We’ve gone from the worst June in almost 20 years to a July that’s only slightly below the 10‐year average. For both buyers and sellers, a return to an active, more balanced market is welcome news.' (Source: News Release Fraser Valley Real Estate Board, August 2, 2019)

Please contact me at: (778) 558-4427 or email me at: for full details and understanding of how the market is doing, right now. I can share the most recent Fraser Valley and the Greater Vancouver Stats with you, if you are looking to selling your home. Please call us; my Team & I will be glad to be of service. :-)

To view the YouTube stats video, please click here or click below:

Feel free to leave to comment or ask me something by entering it below 'Leave a Comment' box ...

Thanks for reading & viewing.

Mir Khan
Certified International Property Specialist, International Realtor
Century 21 AAA Realty Inc.
(778) 558-4427

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