Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service in May remained at strong levels – the highest since 2007.

Detached home prices on the rise in Fraser Valley

Slight shift in real estate market in May; sales edge down while inventory inches up.

Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS) in May remained at strong levels – the highest since 2007 – however, they softened slightly compared to April.

There were 1,969 MLS sales processed in May, a decrease of two per cent compared to April, however an increase of 21 per cent compared to the 1,633 sales processed in May of last year.

In May, the total number of active listings on the MLS was 8,512, an increase of 1.5 per cent compared to April and a decrease of 14 per cent compared to May 2014. The volume of new listings decreased seven per cent compared to April, and was also down seven per cent compared to May of last year.

In May, the MLS Home Price Index benchmark price of a detached home was $603,100, an increase of 6.5 per cent compared to May 2014 when it was $595,600.

The benchmark price of townhouses in May was $303,100, an increase of two per cent compared to $297,300 in May 2014. The benchmark price of apartments decreased year-over-year by 2.8 per cent, going from $198,100 in May 2014, to $192,500 last month.

 

Just Posted

Uphill battle for Cloverdale cyclist, 64, and her daughters in Cypress Challenge charity ride

Robyn Wells has lost both of her parents and two uncles to pancreatic cancer

Surrey Fusion Festival by the numbers: Two days of music, food and more at Holland Park

Free admission to 12th annual event this weekend (July 20-21)

Murder charge laid in Tee Bor case in Surrey

Pee Lee Pi, 26, of Surrey has been charged with second-degree murder

Canadian national softball team wins second straight Canada Cup

Team Canada defeats Texas-based Scrapyard International in gold-medal game Sunday in South Surrey

South Surrey parent takes continuity concern to teacher-regulation branch

Lama Alsaafin said she has filed a Sec. 11 complaint regarding her autistic son’s rights to education

‘Bad choices make good stories’: Margaret Trudeau brings her show to Just for Laughs

Trudeau says over the decades she has been suicidal, manic, depressed

B.C. couple bring son home from Nigeria after long adoption delay

Kim and Clark Moran of Abbotsford spent almost a year waiting to finalize adoption of Ayo, 3

Search continues for missing elderly woman in Chilliwack

RCMP, Chilliwack Search and Rescue and community members combing area for Grace Baranyk

Health Canada revokes licences of B.C.-based pot producer Agrima Botanicals

The agency said it notified the company of a suspension in November due to non-compliance with regulations

Deals, protests during Amazon Prime Day

The Seattle-based e-commerce behemoth says it is offering more than a million deals

VIDEO: Hiker airlifted from Bridal Veil Falls Provincial Park Sunday

Park east of Chilliwack popular with tourist and B.C. residents who walk up to the falls

June sees drop in home sales, prices for real estate across B.C.: report

Sales dropped by 11.8%, while prices fell by 4%

Most Read