Homelife Benchmark Realty Corp.

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Email: Info@HudsonHomeTeam.com

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Hello June!

Delayed spring activity boosts supply of property listings in the Fraser Valley

 

SURREY, BC — The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April.

 

At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.

Active listings grew to 5,558, a 20 per cent increase over April, the highest month-over-month jump in more than a year.     The strong supply trend was met with healthy demand. In May, the Board processed 1,711 sales on its Multiple Listing Service®, a 10.1 per cent increase over last month and a 25.8 per cent jump over May of last year.

 

Prices continued to edge upward across all categories as buyer confidence grew, with the composite Benchmark price topping the one-million mark at $1.01 million, a level not seen since September 2022.

 


Active listings grew to 5,558, a 20 per cent increase over April, the highest month-over-month jump in more than a year.

The strong supply trend was met with healthy demand. In May, the Board processed 1,711 sales on its Multiple Listing Service®, a 10.1 per cent increase over last month and a 25.8 per cent jump over May of last year.

Prices continued to edge upward across all categories as buyer confidence grew, with the composite Benchmark price topping the one-million mark at $1.01 million, a level not seen since September 2022.

“It’s encouraging to see more typically cyclical activity this spring,” said FVREB CEO, Baldev Gill. “Inventory has been trending upwards since December 2022, providing more choice, which in turn will hopefully spur on even more listings. That said, with inflation tracking at elevated levels the potential for further rate hikes is very real. Buyers and sellers would be well-advised to work with real estate professionals to factor this into their decisions.”

Across the Fraser Valley in May, properties continued to move more quickly with each passing month: detached homes took, on average, 23 days to sell and apartments, 23. Townhomes moved more quickly, selling, on average, 18 days after listing.

MLS® HPI Benchmark Price Activity*

  • Single Family Detached: At $1,491,700, the Benchmark price for an FVREB single-family detached home increased 2.5 per cent compared to April 2023 and decreased 12.7 per cent compared to May 2022.

  • Townhomes: At $826,200, the Benchmark price for an FVREB townhome increased 1.4 per cent compared to April 2023 and decreased 9.8 per cent compared to May 2022.

  • Apartments: At $542,300, the Benchmark price for an FVREB apartment/condo increased 2 per cent compared to April 2023 and decreased 6.3 per cent compared to May 2022.

*The MLS® HPI measures the change in home prices in Canada and in May 2023, current and historical data underwent an annual update to ensure a more precise picture of home price trends. 

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The Emotions of Selling pt.1

Setting Emotions Aside When Selling

 
 
A while back, one of our clients was preparing to list his home through our team. We really appreciated all the sweat, blood and passion he had added to the home over the years. It was inspiring to see, His tour emanated strong sentimental memories.  

When it came time to stage and market the home, he was a touch peeved by the removal of personal memories and mementos. We see that at times. 

This is one of the top reasons we insist our home sellers not be present for any showings or Open Houses. 

People don't see the blood, sweat, tears or love you've put into your home. They don't see how perfect some of the upgrades are. They see a colour scheme that may not be to their liking. They see the mistakes made while painting. They see all the flaws but little of the perfection you have added to your home. 
Hopefully, with staging and arranging, we have done a good job of allowing them to see it as Home.

While you want to get a fair deal for your home, there is no dollar amount that can be put on the years of memories it holds for you. 
Our goal is to give you all the information you need to make the right decision for you, your family and your future. 

Where would you want to live when you're ready to move? 

 

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Open House. Open House on Saturday, May 20, 2023 1:30PM - 3:30PM

Please visit our Open House at 202 1990 6TH AVE W in Vancouver. See details here

Open House on Saturday, May 20, 2023 1:30PM - 3:30PM

NEW PRICE!! OPEN SAT 1 - 3 PRIME KITSILANO LOCATION! Large1 bedroom and den with mountain views! Slate tile in the foyer & kitchen, with sustainable bamboo and cork in the living & bedroom areas. Spacious living right across from the Cypress Community Gardens on the corner of 6 & Maple. Wonderfully updated bathroom, tons of storage, and an electric fireplace are only a few of the extras in this unit. Relax on your patio in privacy while looking out over the beautiful gardens. Mapleview Place is a well run building with a responsible, proactive strata. Walking distance to restaurants, the new Arbutus Station, the beach, and shopping, this is the perfect central location to live the Vancouver life at an affordable price!

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Open House. Open House on Sunday, May 14, 2023 1:00PM - 3:00PM

Please visit our Open House at 202 1990 6TH AVE W in Vancouver. See details here

Open House on Sunday, May 14, 2023 1:00PM - 3:00PM

NEW PRICE!!OPEN SUN 1-3 PRIME KITSILANO LOCATION! Large1 bedroom and den with mountain views! Slate tile in the foyer & kitchen, with sustainable bamboo and cork in the living & bedroom areas. Spacious living right across from the Cypress Community Gardens on the corner of 6 & Maple. Wonderfully updated bathroom, tons of storage, and an electric fireplace are only a few of the extras in this unit. Relax on your patio in privacy while looking out over the beautiful gardens. Mapleview Place is a well run building with a responsible, proactive strata. Walking distance to restaurants, the new Arbutus Station, the beach, and shopping, this is the perfect central location to live the Vancouver life at an affordable price!

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Open House. Open House on Saturday, April 1, 2023 2:00PM - 4:00PM

Please visit our Open House at 202 1990 6TH AVE W in Vancouver. See details here

Open House on Saturday, April 1, 2023 2:00PM - 4:00PM

PRIME KITSILANO LOCATION! OPEN SAT & SUN 2-4 Large1 bedroom and den with mountain views! Slate tile in the foyer & kitchen, with sustainable bamboo and cork in the living & bedroom areas. Spacious living right across from the Cypress Community Gardens on the corner of 6 & Maple. Wonderfully updated bathroom, tons of storage, and an electric fireplace are only a few of the extras in this unit. Relax on your patio in privacy while looking out over the beautiful gardens. Mapleview Place is a well run building with a responsible, proactive strata. Walking distance to restaurants, the new Arbutus Station, the beach, and shopping, this is the perfect central location to live the Vancouver life at an affordable price!

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Open House. Open House on Sunday, April 2, 2023 2:00PM - 4:00PM

Please visit our Open House at 202 1990 6TH AVE W in Vancouver. See details here

Open House on Sunday, April 2, 2023 2:00PM - 4:00PM

PRIME KITSILANO LOCATION! OPEN SAT & SUN 2-4 Large1 bedroom and den with mountain views! Slate tile in the foyer & kitchen, with sustainable bamboo and cork in the living & bedroom areas. Spacious living right across from the Cypress Community Gardens on the corner of 6 & Maple. Wonderfully updated bathroom, tons of storage, and an electric fireplace are only a few of the extras in this unit. Relax on your patio in privacy while looking out over the beautiful gardens. Mapleview Place is a well run building with a responsible, proactive strata. Walking distance to restaurants, the new Arbutus Station, the beach, and shopping, this is the perfect central location to live the Vancouver life at an affordable price!

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I have sold a property at 14110 BLACKBURN AVE in White Rock

I have sold a property at 14110 BLACKBURN AVE in White Rock. See details here

White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one!

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New property listed in Kitsilano, Vancouver West

I have listed a new property at 202 1990 6TH AVE W in Vancouver. See details here

PRIME KITSILANO LOCATION! OPEN SAT & SUN 2-4 Large1 bedroom and den with mountain views! Slate tile in the foyer & kitchen, with sustainable bamboo and cork in the living & bedroom areas. Spacious living right across from the Cypress Community Gardens on the corner of 6 & Maple. Wonderfully updated bathroom, tons of storage, and an electric fireplace are only a few of the extras in this unit. Relax on your patio in privacy while looking out over the beautiful gardens. Mapleview Place is a well run building with a responsible, proactive strata. Walking distance to restaurants, the new Arbutus Station, the beach, and shopping, this is the perfect central location to live the Vancouver life at an affordable price!

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Open House. Open House on Sunday, November 20, 2022 2:00PM - 4:00PM

Please visit our Open House at 14110 BLACKBURN AVE in White Rock. See details here

Open House on Sunday, November 20, 2022 2:00PM - 4:00PM

White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one!

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Open House. Open House on Saturday, November 19, 2022 2:00PM - 4:00PM

Please visit our Open House at 14110 BLACKBURN AVE in White Rock. See details here

Open House on Saturday, November 19, 2022 2:00PM - 4:00PM

White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one!

Read

New property listed in White Rock, South Surrey White Rock

I have listed a new property at 14110 BLACKBURN AVE in White Rock. See details here

White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one!

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Open House. Open House on Saturday, October 15, 2022 2:00PM - 4:00PM

Please visit our Open House at 14110 BLACKBURN AVE in White Rock. See details here

Open House on Saturday, October 15, 2022 2:00PM - 4:00PM

White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one!

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Open House. Open House on Sunday, October 16, 2022 2:00PM - 4:00PM

Please visit our Open House at 14110 BLACKBURN AVE in White Rock. See details here

Open House on Sunday, October 16, 2022 2:00PM - 4:00PM

White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one!

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I have sold a property at 112 14280 19A AVE in Surrey
I have sold a property at 112 14280 19A AVE in Surrey.
PRICE REDUCED TO $885,000.00 TIFFANY LANE duplex style townhome, rancher with loft home, 1664 SF +north facing patio. This home has a great floorplan with the opportunity to renovate & make it your own! It is in original condition except for majority of windows replaced & high eficiency hot water tank & furnace. No age restrictions so this 2 BR, 2 Bath, plus a loft space suitable as a bedroom, with window & closet, would be equally perfect for a family or a downsizer. This home is located only blocks from Bayridge Elem. & Semiahmoo Sec. & is walking distance from White Rock Beach, SS Arts & Rec Centre, Centennial Rec Centre, Indoor pool, ice arena, walking trails, & more. Shopping and restaurants are all only minutes away. Make this welcoming, perfect & peaceful community your next home.
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Open House. Open House on Sunday, August 14, 2022 2:00PM - 4:00PM
Please visit our Open House at 112 14280 19A AVE in Surrey.
Open House on Sunday, August 14, 2022 2:00PM - 4:00PM
PRICE REDUCED TO $885,000.00 TIFFANY LANE duplex style townhome, rancher with loft home, 1664 SF +north facing patio. This home has a great floorplan with the opportunity to renovate & make it your own! It is in original condition except for majority of windows replaced & high eficiency hot water tank & furnace. No age restrictions so this 2 BR, 2 Bath, plus a loft space suitable as a bedroom, with window & closet, would be equally perfect for a family or a downsizer. This home is located only blocks from Bayridge Elem. & Semiahmoo Sec. & is walking distance from White Rock Beach, SS Arts & Rec Centre, Centennial Rec Centre, Indoor pool, ice arena, walking trails, & more. Shopping and restaurants are all only minutes away. Make this welcoming, perfect & peaceful community your next home.
Read

New property listed in Sunnyside Park Surrey, South Surrey White Rock
I have listed a new property at 112 14280 19A AVE in Surrey.
TIFFANY LANE duplex style townhome, rancher with loft home, 1664 SF +north facing patio. This home has a great floorplan with the opportunity to renovate & make it your own! It is in original condition except for majority of windows replaced & high eficiency hot water tank & furnace. No age restrictions so this 2 BR, 2 Bath, plus a loft space suitable as a bedroom, with window & closet, would be equally perfect for a family or a downsizer. This home is located only blocks from Bayridge Elem. & Semiahmoo Sec. & is walking distance from White Rock Beach, SS Arts & Rec Centre, Centennial Rec Centre, Indoor pool, ice arena, walking trails, & more. Shopping and restaurants are all only minutes away. Make this welcoming, perfect & peaceful community your next home.
Read

Open House. Open House on Saturday, July 23, 2022 2:00PM - 4:00PM
Please visit our Open House at 14110 BLACKBURN AVE in White Rock.
Open House on Saturday, July 23, 2022 2:00PM - 4:00PM
White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one! Open Jul 23-24, 2-4pm
Read

New property listed in White Rock, South Surrey White Rock
I have listed a new property at 14110 BLACKBURN AVE in White Rock.
White Rock's hidden Gem with 3388 SF, 4 BR & 3 Bath on Main 2 floors plus 1 BR & Den Basement Suite with Separate Entry. (Bsmt Den could be a small BR-has a window and closet). Spacious Master BR has 5 pc Ensuite with Large Soaker tub, Sep Shower & a WI Closet with washer/dryer for max convenience. The seller has converted on of the BR into a luxurious WI closet that could easily be reverted back into a BR. The kitchen has been Updated with SS appliances, large Island with Quartz countertop, and opens to Eating Area and Family room. The gorgeous balcony is ready for many summer entertainments. Located in one of the most sought after school catchment-IB School (Bayridge & Semiahmoo Sec), minutes to the beach, shopping, Rec Centers, Area, & parks! Don't miss this one! Open Jul 23-24, 2-4pm
Read

I have sold a property at 14310 19A AVE in Surrey
I have sold a property at 14310 19A AVE in Surrey.
TIFFANY LANE duplex style townhome, rancher with loft home, 1641 SF with south west facing patio. This home has updated bathrooms, many of the windows are new, and has been impeccably kept by the owner. There are no age restrictions so this 2 BR, 2 Bath, plus a loft space suitable as a bedroom, with window & closet would be equally perfect for a family or a downsizer. This home is located only blocks from Bayridge Elem. & Semiahmoo Sec. and is walking distance from White Rock Beach, SS Arts & Rec Centre, Centennial Rec Centre, Indoor pool, ice arena, walking trails, & more. Shopping and restaurants are all only minutes away. Make this welcoming, perfect & peaceful community your next home.
Read

New property listed in Sunnyside Park Surrey, South Surrey White Rock
I have listed a new property at 14310 19A AVE in Surrey.
TIFFANY LANE duplex style townhome, rancher with loft home, 1641 SF with south west facing patio. This home has updated bathrooms, and new windows, and has been impeccably kept by the owner. There are no age restrictions so this 2 BR, 2 Bath, plus a loft space suitable as a bedroom, with window & closet would be equally perfect for a family or a downsizer. This home is located only blocks from Bayridge Elem. & Semiahmoo Sec. and is walking distance from White Rock Beach, SS Arts & Rec Centre, Centennial Rec Centre, Indoor pool, ice arena, walking trails, & more. Shopping and restaurants are all only minutes away. Make this welcoming, perfect & peaceful community your next home.OPEN SAT & SUN 2 - 4
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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.