Clients, Friends and Neighbours,

Check out the latest memo from the Fraser Valley Real Estate Board re Octobers uptick in sales … 

“Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October. The Fraser Valley Real Estate Board recorded 1,330 sales in October, up 35 per cent from September, and 37 per cent year-over-year.

“After waiting it out on the sidelines for a number of months, buyers seem to be finally responding to the series of successive rate cuts by the Bank of Canada,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board.

“Whether this is an indication of further sales trends, remains to be seen, especially as the feds eye a possible additional cut before year-end.”

New listings declined in October, down 5 per cent to 3,194, but increased 26 per cent year-over-year. Overall inventory dipped in October to 8,799, down three per cent from September, but up 34 per cent over last year.

Rising sales and steady inventory levels have the Fraser Valley in a balanced market with a sales-to-active ratio of 15 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

“October’s healthy sales boost is a welcome development for buyers and sellers alike,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The coming weeks and months will shed more light on whether buyer optimism has returned now that the cycle of interest rate cuts is in full swing.”

Across the Fraser Valley in October, the average number of days to sell a single-family detached home was 34, while for a condo it was 32. Townhomes took, on average, 29 days to sell. Benchmark prices in the Fraser Valley dipped for the seventh straight month in October, with the composite Benchmark price down 0.7 per cent to $971,700.

Have you been thinking of making a move this year or early next year?  Now would be a good time to schedule a no obligation home evaluation.

We can help.  Its what we do.

Jenn & Colin

Blu living townhomes are located only minutes to local parks and beaches, Morgan Creek Golf Course, Grandview Aquatic Center and the Shops at Morgan Crossing. Local schools incl Southridge Private,  Morgan Creek Elementary, Grandview Heights Secondary.

This end unit backs onto a greenbelt, boasting spacious rooms and high ceilings throughout.

Almost 3,000sqft of living space including a daylight, walk out ground level space with wet bar and private bath perfect for self contained in-law or nanny suite.

Main living area including living room, family room and formal dining space surrounds the white shaker kitchen with large island, high end appliances, gas range and stone countertops.

4 bedrooms on the upper level including primary suite, walk in closet and en-suite bath with soaker tub.

Large walk out patio with fully fenced yard plus a sundeck with gas bbq off the main level. Full size double car garage with extra storage.

32 15988 32nd Ave is asking $1,389,800 and is showing by appt only.

View image gallery, cinematic video tour and area specs HERE

We have just listed this duplex style townhome in Uplands at Panorama Place.  At $899,900 this home offers the best value in the area! 

Semi-detached, over 2,000sqft on 3 levels, 3 bedrooms (with the potential for a 4th in the walk out basement) and 4 bathrooms.

Bright open concept main level with picture windows, large sundeck, warm tone laminate kitchen w/breakfast bar and stainless appliances.

Large bedrooms on the upper level including primary bedroom, ensuite bath, WI closet and mountain views.

Walk out basement with 4th full bathroom, wet bar and fridge can easily convert into nanny/in-law/teen space with room for a 4th bedroom and full kitchen!!

Private, beautifully landscaped back yard and patio space, fully fenced.

PLUS, 10,000sqft clubhouse including outdoor pool, hot tub, gym, playground, guest suites, rec/catering space, indoor hockey box and movie room.

Ask us about the $240 / MNTH CREDIT BEING OFFERED TO BUYER FOR 2 YEARS TO OFFSET STRATA FEES!

*Some images have been virtually staged.

16 15152 62a Ave is asking $899,900 and is open this Sunday Sept 8 from 2-4pm, come check it out!

View image gallery and area specs HERE

We have just re listed this Millers Lane home at a new price!

Built by Morningstar homes. 4 beds and baths, 2 story plus fully finished basement which includes a 1 bedroom rental suite.

The main floor features vaulted ceilings and huge picture windows. Living and dining rooms at front, the kitchen and family rooms at back walk out to a large, private south facing patio and fully fenced yard.  Primary suite, ensuite bath and walk in closet with 2 generous size bedrooms on the upper level.

Bonus flex/hobby room in the basement plus a fully contained 1 bedroom in-law/nanny suite with separate entrance.

Updates include a/c unit, h/w tank, radiant heat in bathrooms, some flooring and lighting.

17x17 double car garage with 4 car parking pad.

Located within walking distance to local schools, parks, ymca and the shops at Panorama.

14866 59th Ave is asking $1,449,900 and is open this Sunday September 8th from 2-4pm.  Come check it out!

View images and cinematic video tour HERE

We have just listed this spacious home and sizeable lot in Panorama Hills, the heart of the Sullivan Panorama area.

Originally built by Foxridge this immaculate home offers one of the largest lots and floor plans in the area.

Open concept main floor with oak flooring, large kitchen with stainless appliances and granite countertops.

Flex room at entry perfect for home office or bonus bedroom.

Great room walks out to a large, private and fully fenced yard and patio.

Upper level offers generous sized bedrooms including jack/jill ensuite bath for kids plus luxurious primary suite/ensuite bath for mom and dad.

Basement is fully finished with separate entry and a floor plan that can flex for any family. Potential to convert into self-contained 1-2 bed in-law suite.

Double garage with deep driveway for multiple cars or rec vehicle plus in ground sprinkler system.

14905 59th Ave is asking $1,598,800 and is showing by appt only.

View images, cinematic video tour and area summary HERE

We have just listed this 3 bed and bath townhome in Sequoia.

Charming complex with contemporary interiors located in one of Surreys most walkable neighbouhoods.

This bright and open floor plan offers a powder bathroom and a fully fenced south facing yard on the main level!

Laminate flooring, sleek kitchen with warm cabinetry, stainless appliances, granite counters and tile backsplash plus built in pantry, telephone desk and breakfast bar.

Upstairs offers 3 generous sized bedrooms including primary suite and ensuite with his/hers sinks and w-i closet.

Complex includes mature green spaces and gardens with playground and a large clubhouse with meeting/catering/party space plus guest suite and fully equipped exercise center.

Walk to local schools, parks, YMCA, Fresh St Market and the Shops at Panorama. 79 14838 61 Ave is asking $829,900 and is open this Sunday August 25th from 2-4pm.  Come check it out! 

View image galley, cinematic video tour and specs HERE