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

North Delta

In the North Delta market, the benchmark sale price was $913,600 for detached homes. At the end of the month, there were 164 active listings and 53 sales.

The condo market had 9 sales and 32 active listings. The benchmark sale price was $324,100.

Townhomes featured 10 sales, 21 active listings and a $556,200 benchmark sale price.

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

MarketHotSheet_August2017_NDelta

North Surrey

In August 2017, there were 66 sales of detached homes and 304 active listings in North Surrey. The benchmark sale price was $932,100.

The condo market had 154 sales and 211 active listings at the end of the month.  The benchmark sale price was $333,900.

In comparison, townhome sales were 28, active listings were 62 and the benchmark sale price was $501,200.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_August2017_NSurrey

Surrey – Central

In the Surrey – Central market, there were 132 sales of detached homes and 599 active listings at the end of the month.  The benchmark sale price was $998,100.

In comparison, the condo market had 53 sales, 57 active listings, and the benchmark sale price was $345,900.

Townhome market featured 127 sales, 172 active listings and a $526,000 benchmark sale price.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_August2017_Surrey

White Rock/South Surrey

There were 81 sales, 612 active listings, and a $1,521,000 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 101 sales, 111 active listings and a benchmark sale price of $449,400 at the end of the month.

In comparison, townhome sales were 74, active listings were 141 and the benchmark sale price was $637,500.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_August2017_WhiteRock

Cloverdale

MarketHotSheet_August2017_Cloverdale

Langley

In the Langley market, the benchmark sale price was $1,007,400 for detached homes. At the end of the month, there were 284 active listings and 117 sales.

The condo market had 88 sales and 73 active listings. The benchmark sale price was $361,800.

Townhomes featured 91 sales, 102 active listings and a $464,500 benchmark sale price.

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

MarketHotSheet_August2017_Langley

Abbotsford

MarketHotSheet_August2017_Abbotsford

Mission

MarketHotSheet_August2017_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