Since our last newsletter, a lot has changed in British Columbia. November 15th brought record rains resulting in devastating floods and landslides. As we reach the end of 3 storm systems in less than a week, British Columbians have seen record rainfall.
As you can see from the graph below, the valley saw considerably more rain than Vancouver with Hope recording a record 730.2mm of rain.
As you can see from the graph below, the valley saw considerably more rain than Vancouver with Hope recording a record 730.2mm of rain.
Despite the challenging times faced, British Columbians have stepped it up and helped one another in so many ways.
To help the individuals and communities affected, you can donate to the Canadian Red Cross B.C. Floods & Extreme Weather Appeal --> DONATE.REDCROSS.CA
The December edition of our newsletter includes:
- November Market Stats for the Fraser Valley, South Surrey/White Rock and Greater Vancouver
- Featured and Sold Listings
- Community Events
We wish you and your family a wonderful holiday season and all the best in 2022!
Thank you for reading.
Derrick, Ryan, and Leah
Fraser Valley home sales continued to soar in November further depleting supply
SURREY, BC – Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020.In November, the FVREB processed 1,972 sales of all property types on its Multiple Listing Service® (MLS®), a decrease of 9.2 per cent compared to the 2,173 sales in November of last year, and a 1.8 per cent increase month-over-month compared to the 1,938 sales in October.The Board received 2,096 new listings in November, a 4.2 per cent decrease compared to October’s intake and a decrease of 5.5 per cent compared to the 2,217 new listings received during the same month last year. The 10-year average for November new listings is 1,948, so last month finished slightly above normal levels.Larry Anderson, President of the Board, said, “Lack of supply continues to be the biggest factor impacting the market. To see sales increase from October to November, even slightly, is unusual. Typically, as the weather changes and the holiday season approaches, we see sales start to decline, but not this year.“This is not an easy market. Buyers and sellers alike are relying on the experience and skill of their REALTOR® to help them navigate a lack of supply, multiple offer situations, and very fast turnaround times.”
Keep reading here--> https://tinyurl.com/ysznv2c3
