SURREY, BC – As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley history.

The Fraser Valley Real Estate Board (FVREB) processed a total of 688 sales on its Multiple Listing Service® (MLS®) in April, a decrease of 52 per cent compared to sales in March and a decrease of 50 per cent compared to April of last year. According to FVREB historical data, last month’s sales were on par with April sales in 1983 through to 1985; and new listings are in line with numbers last seen in April 1981.


Chris Shields, President of the Board, observes, "Even though March’s initial numbers promised a banner spring, we expected the market to respond this way in April. Both sales and listings contracted in tandem as we all moved swiftly to embrace the measures necessary to respond to this global pandemic. Given that the volume of new listings coming on stream fell even faster than sales in April, the market remains stable."


"What has been most impressive is how the industry – both REALTORS® and our clients – have pivoted and adapted to innovations such as live streaming open houses and e-transactions that we anticipate will become mainstream even when physical distancing is no longer a requirement. These tools not only ensure public safety; clients appreciate their speed and efficiency."



The Fraser Valley Board received 1,416 new listings in April, a 47 per cent decrease compared to March’s intake of 2,666 new listings and a 58 per cent decrease compared to April of last year. April finished with 5,997 active listings, a decrease of 1 per cent compared to March’s inventory and a decrease of 24 per cent year-over-year.



Shields adds, "Although we’re seeing fewer transactions, it’s important to emphasize that Realtors are still advising and protecting their clients every day. We were deemed a non-health essential service because there are always people who need to buy or sell a home, potentially due to the economic downturn. So, for those who need real estate guidance now, or who want to start preparing for the pending market rebound, feel free to call your Realtor to get the advice you need."


In April, the average number of days to sell an apartment was 31; 30 for townhomes and 33 for single family detached.



MLS® HPI Benchmark Price Activity

  • Single Family Detached: At $993,400, the Benchmark price for a single-family detached home in the Fraser Valley increased 0.5 per cent compared to March and, also increased 3.0 per cent compared to April 2019.
  • Townhomes: At $553,200, the Benchmark price for a townhome in the Fraser Valley increased 0.7 per cent compared to March and increased 1.4 per cent compared to April 2019.
  • Apartments: At $424,100, the Benchmark price for apartments/condos in the Fraser Valley increased 0.2 per cent compared to March and increased 0.8 per cent compared to April 2019.
 
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THANK YOU  to all the children who send in their amazing colouring sheets and entered the draw. 


I received such masterpieces from so many talented artists. 


The contest is closed and the draw has been made. 



CONGRATULATIONS TO BROOKLYN - 4 years old who is the winner in the 6 and under category.




CONGRATULATIONS TO ARYKA -7 years old who is the winner in the 7-12 category. 




I wish everyone a safe and fun Easter! 

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NEW PRICE! NOW OFFERED AT $799,900


Nestled on a quiet cul-de-sac in Brookswood is where you will find this large 12,034 SF (75’ x 142’) lot with a 3 bedroom rancher. 


What a great opportunity to own in this peaceful area. You have the full use of the lot as this ideal property does not back onto the nearby ravine. The southwest facing backyard adds for a bright and sunny home.


Invest and rent, or build your dream home. It’s waiting for you and your ideas.


Close by to the quaint Brookswood Village, shopping, restaurants, medical services, and recreation.


Click on the address link to download the MLS listing sheet. 19730 40A Ave, Langley BC. 


Contact me for further information. 



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Hi Kids!


I invite you to have some fun and enter my Easter Colouring Contest!   



HOW TO ENTER AND WIN

      • Contest is open to residents of Surrey, Langley, White Rock, BC Canada ages 3-12 years of age. 
      • One entry per child.
      • There will be one LUCKY WINNER from each category: 
      • Under 6 and 7-12 years of age
      • Each LUCKY WINNER will WIN $50 (send via e-transfer). 
      • Contest closes at 5:00 pm on April 10, 2020.
      • WINNERS will be randomly drawn.
      • WINNERS will be notified by EMAIL at noon on April 11, 2020. 

DOWNLOAD AND  PRINT OUT THE COLOURING SHEET 

COLOUR THE SHEET

TAKE A PICTURE OF YOUR COLOURED SHEET

EMAIL YOUR COLOURING SHEET TO jsheard@shaw.ca


GOOD LUCK! I look forward to seeing all the creative masterpieces! 



By entering in the contest, the contestant consents Janet Sheard Personal Real Estate Corporation with Coldwell Banker Marquise Realty has the right to use, publish and display the winner's first name, age and colouring page entry photo for the purpose of advertising and on social media and business website without review, notification or approval.


     

                                                                                                                










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March sales and new listing data show preliminary impact of COVID-19 on Fraser Valley housing market


SURREY, BC – The most up to date Multiple Listing Service® (MLS®) data from the Fraser Valley Real Estate Board (FVREB) indicates COVID-19 has put the market on pause, as REALTORS® and the public adhere to health authority rules and government guidelines on the pandemic.


By the end of March, the FVREB processed a total of 1,441 sales on its MLS®, a 7 per cent increase compared to sales in February 2020, and an 18 per cent increase compared to the 1,221 sales in March 2019. During the first seven business days of the month, property sales were tracking 60 per cent higher compared to the same period in March of last year, however finished significantly lower.


Chris Shields, President of the Board, observes, "Sales were steadily increasing as is typical moving into spring, and then understandably and necessarily, they started to decline. We serve the public and we understand it is very challenging to buy or list a home while maintaining physical distancing, however if you need us, know that we are here for you."
 


"We are grateful that the BC government has designated real estate an essential service, and accordingly, our industry has implemented numerous measures to mitigate and manage risk. We have suspended open houses, restricted showings, pivoted to using technology as much as possible, and are urging Realtors in the middle of completing transactions with their clients to do so electronically."



 



The Board received 2,666 new listings in March, a 4 per cent increase compared to February’s intake of 2,557 new listings.

In the lead up to March 10, new listings were tracking 3 per cent higher compared to the same period last year.


By month end, new listings finished 7 per cent lower compared to March of last year taking the number of active listings to 6,083, an increase of 6 per cent compared to February’s inventory and a decrease of 13 per cent year-over-year.



 



"Shields adds, "A Realtor’s duty is to protect our clients. Now, as a society, we all have a duty. We are urging consumers to follow all recommended health and government guidelines and are committed to doing our part for as long as necessary."


In March, the average number of days to sell an apartment was 27; 28 for townhomes and 38 or single family detached.


MLS® HPI Benchmark Price Activity

  • Single Family Detached: At $988,500, the Benchmark price for a single-family detached home in the Fraser Valley increased 1.8 per cent compared to February and, also increased 2.6 per cent compared to March 2019.
  • Townhomes: At $549,600*, the Benchmark price for a townhome in the Fraser Valley increased 0.7 per cent compared to February and increased 1.3 per cent compared to March 2019.
    *Effective Mar 2020, MLS® HPI for townhomes updated and revised back to Jan 2005
  • Apartments: At $423,200, the Benchmark price for apartments/condos in the Fraser Valley increased 2.1 per cent compared to February and increased 1.2 per cent compared to March 2019.
 


SOURCE- FRASER REAL ESTATE BOARD 


 
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13 15065 58 AVE in Surrey.
Welcome home to Springhill in Panorama Village. This spacious 1534 SF 3 level townhome with upgrades, offers 3 bedrooms and 3.5 bathrooms and boasts views of Mt Baker. The bright and sunny layout features living/dining room, kitchen with s/s appls and access to the deck. POWDER ROOM on the main floor. Upstairs you will find the master bedroom with 4 pce ensuite and good sized 2nd bedroom, main bath and laundry with full size W/D. The lower floor features a large bedroom (or flex room), 3 pc bath, and 11’ ceilings. Access to the south facing fenced garden patio and to Panorama Drive. Convenient for street parking. With walking distance to the “Y”, shopping, schools, transit and much more! Ideal family home. Pet friendly, allowing 3 pets. OPEN HOUSE Sunday January 6th, 1-3P. 
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.