February 2022 Fraser Valley Real Estate Update February4, 2022 Get Your Market SnapShot Now! *|FNAME|*, Is relief on the horizon for this wild real estate market we have been in for the last year and a half? I would say it is too early to say that with any certainty, however, we are starting to see the early signs of things leveling off. January 2022 saw sales cool and new listings incre... Read more →
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Get Your Market SnapShot Now! WOW! What a year we had in 2021… …this is certainly true for many aspects of daily life, but it is an understatement when it comes to the Fraser Valley Real Estate Market. With multiple month to month records broken for total number of sales and record low inventory numbers, it comes with no real surprise that the year itself broke a couple rec... Read more →
December 2021 Fraser Valley Real Estate Update December 9, 2021 Get Your Market SnapShot Now! Demand from buyers remains high, and total listings remain low causing prices to continue to rise through November 2021. With 1,972 sales in November 2021, we finished with the second most sales for the month of November second only to last years 2,173 sales in November 2020. On a positive note,... Read more →
Get Your Market SnapShot Now! The year of 2021 is remaining consistent with a higher number of sales in October 2021 than average, with fewer than average new listings for the month. As I have mentioned before, the simple rules of supply and demand make things obvious why prices have continued to increase with these conditions. With 1,865 total Sales in October 2021, we saw an increase o... Read more →
Get Your Market SnapShot Now! September 2021 has continued the trend in recent months that the market is “slowing” compared to the chaos we saw in the beginning of 2021. Slowing, however, certainly does not mean slow as 50% of homes that were listed in the month ended up selling. Anything above 20% is a Seller’s market, and 50% is obviously quite a bit higher than 20%. ... Read more →
*|MC_PREVIEW_TEXT|* September 2021 Fraser Valley Real Estate Update September 15, 2021 Get Your Market SnapShot Now! Despite a slower than expected July, August 2021 has come and gone and was the second busiest August in Fraser Valley Real Estate history. To add to that, we are still seeing a huge lack of inventory to choose from telling us that we are, without any doubt, still in a very... Read more →
July 2021 Fraser Valley Real Estate Update July 20, 2021 Get Your Market SnapShot Now! *|FNAME|*, While the market remained red hot through June, it was the first month in 9 months that a new record for total number of sales was not broken. Is this a sign that the market is cooling down, or just that previous June’s have been that much busier? Well, it is a bit of both. The market ... Read more →
*|MC_PREVIEW_TEXT|* Check out what is happening in our market for June 2021! View this email in your browser June 2021 Fraser Valley Real Estate Update June 9, 2021 Get Your Market SnapShot Now! Another month gone by, another record set for total number of sales that month. With 2,951 sales processed by the Fraser Valley Real Estate Board, May beat the previous record set in 2016 of 2,91... Read more →
May 2021 Fraser Valley Real Estate Update May 14, 2021 Get Your Market SnapShot Now! *|FNAME|*, For 8 months in a row, the Fraser Valley Housing market has broken sales records for each of those given months. This has been driven by historically low interest rates, lack of homes available to purchase and a change in lifestyle due to the pandemic among many other factors. It does appear a... Read more →
*|MC_PREVIEW_TEXT|* March 10, 2021 Get Your Market SnapShot Now! Half a year. That’s how long the Fraser Valley real estate market has been setting records for total number of sales in each given month, and it is not showing any signs of slowing down.February 2021 with 2,683 sales saw 115% more sales than February 2020 and 64% more than January 2021. February 2021 was also 88% high... Read more →
February 2021 Fraser Valley Real Estate Update February 5, 2021 Get Your Market SnapShot Now! Hi *|FNAME|*, January has come and gone, and the market has not shown any signs of slowing down. For the fifth month in a row January 2021 broke all previous records for total number of sales in any January with 72% more sales than the 10 year average for the month; that is 28% higher than the p... Read more →
Check out what is happening in the real estate market for January 2021 January 2021 Fraser Valley Real Estate Update January 8, 2021 Get Your Market SnapShot Now! Wow... What a year 2020 was. Despite all the negatives of 2020 which we really do not need to dwell on here as I am sure you are all more than well aware of, 2020 was quite an interesting year when speaking about the real estat... Read more →
Get Your Market SnapShot Now! November 2020, much like the two months before was yet another record breaking month for both the number of sales and detached home prices in the Fraser Valley. With 2,048 sales November 2020 outperformed the 10 year average for the month of November by 76% and saw 734 more sales than November 2019. While this is down from October 2020’s 2,226 sales, t... Read more →
Get Your Market SnapShot Now! For four months in a row now, we have seen record breaking or near-record breaking number of sales in the Fraser Valley real estate market, and for the last 2 months detached houses have been worth more than they ever have been before. I would speculate that townhomes and condos would be at their highest point as well, but the recent and ongoing insurance is... Read more →
Kevan Lewis - HomeLife Benchmark Realty Have You Been Thinking About Renovating? Renovations can be a great way to get more enjoyment out of your home and to make it your own.Adding or changing aspects of your home can also havean impacton the value of your homeonce the time comes for you to sell. My recommendation is to do renovations a couple years before you sell so that you can get s... Read more →
*|MC_PREVIEW_TEXT|* October 2020Fraser Valley Real Estate Update October 6, 2020 Get Your Market SnapShot Now! Can you believe this market we are having? With the most sales EVER for the month of September, 2020 is certainlyleaving it's mark on the real estate market. For four months in a row the market has performed much higher than expected as demand for housing continues to grow in th... Read more →
New Provincial Policy is a Step in the Right Direction for Strata Insurnace Kevan Lewis - HomeLife Benchmark Realty On September 14 the provincial government announced changes to regulations concerning strata insurance. While the changes will not prevent insurance rates from going up, it does create transparency for strata owners as the amount of commission receieved by the insurance bro... Read more →
September 2020 Fraser Valley Real Estate Update September 10, 2020 Get Your Market SnapShot Now! August 2020 was nearly a record-breaking month in the Fraser Valley for the total number of homes sold. Coming in second only to August 2005, August 2020’s 1,938 sales was 39% higher than the 10 year average for the month of August, and a whopping 57% more sales compared to August 2019.... Read more →
Stress Test Rates Drop Again! While the stress test does still make it more difficult than it used to be to get a mortgage, things are going in the right direction with the latest qualifying rate drop. Interest rates have been going lower and lower over the past few months, and thankfully with that the stress test has also been decreasing. Five year posted mortgage rates have been coming... Read more →
*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|* August 2020 Fraser Valley Real Estate Update August 7, 2020 Get Your Market SnapShot Now! It’s August and the weather is not the only thing that is getting hot in the Fraser Valley! With 2,005 sales completed in the Fraser Valley Real Estate Board for the month of July 2020 we saw a huge 22% increase from an already hot June 2020, and a 44% increa... Read more →
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HomeLife Benchmark Titus Realty
Kevan Lewis and HomeLife Benchmark Titus Realty are leaders in the real estate community with a reputation for integrity, dedication and as equally important, we are known for achieving results. Our professional, motivated and trustworthy Team Members are committed to delivering quality service for both buyers and sellers. From the very start of your search to the day of your sale, whether it is a condo, townhouse, cottage, farm, or commercial property that you are looking to buy or sell, we are here to help you with real estate choices.
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