North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in April 2017.

North Delta

In the North Delta market, the benchmark sale price was $844,300 for detached homes. At the end of April, there were 123 active listings and 71 sales.

The condo market had 6 sales and 13 active listings. The benchmark sale price was $230,300.

Townhomes featured 10 sales, 9 active listings and a $509,900 benchmark sale price.

It’s a seller’s market in North Delta.

MarketHotSheet_April2017_NDelta

North Surrey

In April 2017, there were 123 sales of detached homes and 260 active listings in North Surrey. The benchmark sale price was $841,100.

The condo market had 164 sales and 156 active listings at the end of the month.  The benchmark sale price was $264,000.

In comparison, townhome sales were 33, active listings were 40 and the benchmark sale price was $381,100.

It’s a seller’s market in North Surrey.

MarketHotSheet_April2017_NSurrey

Surrey – Central

In the Surrey – Central market, there were 200 sales of detached homes and 400 active listings at the end of the month.  The benchmark sale price was $899,800.

In comparison, the condo market had 52 sales, 57 active listings, and the benchmark sale price was $271,800.

Townhome market featured 133 sales, 156 active listings and a $468,500 benchmark sale price.

It’s a seller’s market in Surrey Central.

MarketHotSheet_April2017_Surrey

White Rock/South Surrey

There were 129 sales, 512 active listings, and a $1,466,700 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 86 sales, 129 active listings and a benchmark sale price of $362,100 at the end of the month.

In comparison, townhome sales were 66, active listings were 121 and the benchmark sale price was $604,400.

It’s a seller’s market in White Rock/South Surrey.

MarketHotSheet_April2017_WhiteRock

Cloverdale

MarketHotSheet_April2017_Cloverdale

Langley

In the Langley market, the benchmark sale price was $898,900 for detached homes. At the end of April, there were 211 active listings and 132 sales.

The condo market had 104 sales and 76 active listings. The benchmark sale price was $302,300.

Townhomes featured 75 sales, 120 active listings and a $454,000 benchmark sale price.

It’s a seller’s market in Langley for all product types.

MarketHotSheet_April2017_Langley

Abbotsford

MarketHotSheet_April2017_Abbotsford

Mission

MarketHotSheet_April2017_Mission

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley

Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley.  Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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MLS® Home Price Index (HPI) Benchmark Price

Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca