Hot market pushes Cloverdale realty company to top sales for 2015

Cloverdale’s Team Katronis sells more than 230 homes in 2015

The Katronis Real Estate Team have sold the largest number of homes for the largest combined dollar value for 2015 – earning them the Fraser Valley Real Estate Board's President's Award.

The Katronis Real Estate Team have sold the largest number of homes for the largest combined dollar value for 2015 – earning them the Fraser Valley Real Estate Board's President's Award.

For the second year in a row, the same Cloverdale realty company has earned one of the most sought-after regional awards in the industry after buying and selling $130 million worth of homes.

The Fraser Valley Real Estate Board has announced its 2015 President’s Award will be going to the Katronis Real Estate Team, awarded to the member office that has sold the largest number of homes for the largest combined dollar value in a year.

The realty company is based in Cloverdale and sells homes here, in South Surrey and Langley.

The Katronis team in 2015 sold more than 230 homes, representing transactions worth more than $130 million, a figure that puts them at the top of the 2,934 member association in terms of sales for the year.

Their most memorable listing of 2015 was a home the team sold in the Jersey Hills area of Cloverdale. It was listed at $640,000, the same price as the neighbouring home had sold just one month earlier.

Showings began on a Wednesday, with 40 to 50 groups going through. By Saturday morning offers started trickling in, with three landing in the in-box by 8:50 a.m.

Just 10 minutes later, about the time it took for the Realtor to grab a coffee, another nine offers had come in. The home sold $50,000 above its asking price.

Fraser Valley real estate experienced its strongest year in a decade in 2015, and was the second highest year in terms of property sales in the region’s history.

The Multiple Listing Service processed 21,095 sales last year, 33 per cent higher than in 2014, and just shy of the 21,282 sales recorded in 2005.

The benchmark price of detached houses across the Valley climbed 17.3 per cent to $672,400 in 2015, according to the FVREB.

Year-end statistics show townhomes were up 9.6 per cent to $321,800 while condos gained 7.2 per cent to a benchmark $204,900.

The fastest price gains for homes were for detached houses in North Delta, which were up nearly 26 per cent to $703,100, followed by White Rock/South Surrey, where benchmark houses were up 18.4 per cent to $1.1 million.

Team leader Edith Katronis started out 34 years ago, knocking on doors of homes in Cloverdale, and has worked her way through many different markets as the historic town centre grew from a small farming community of less than 3,000 homes to 15,000 today.

Today, the Katronis Real Estate Team includes five other full-time Realtors, including Edith’s son Jonathan, and four staff members.

“I am so honoured that our team has won this prestigious award for the second year in a row,” Katronis said.

“But the best award we can receive is to know our clients are happy with their new home purchases.”

The FVREB represents North Delta, Surrey, White Rock, Langley, Abbotsford and Mission.

The award was announced Jan. 7, and will be presented in mid-February.

– With files Black Press

 

Follow the Cloverdale Reporter on Twitter and Facebook. View our print edition online.