North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – February 2018

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 February 2018.

North Delta

In the North Delta market, the benchmark sale price was $944,800 for detached homes. At the end of the month, there were 95 active listings and 39 sales.

The condo market had 6 sales and 11 active listings. The benchmark sale price was $394,100.

Townhomes featured 7 sales, 9 active listings and a $581,000 benchmark sale price.

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

MarketHotSheet_February2018_NorthDelta

North Surrey

In February 2018, there were 39 sales of detached homes and 190 active listings in North Surrey. The benchmark sale price was $972,100.

The condo market had 114 sales and 168 active listings at the end of the month. The benchmark sale price was $410,400.

In comparison, townhome sales were 21, active listings were 27 and the benchmark sale price was $560,200.

It’s a seller’s market for Condos and Townhomes.

MarketHotSheet_February2018_NorthSurrey

Surrey – Central

In the Surrey – Central market, there were 94 sales of detached homes and 381 active listings at the end of the month.  The benchmark sale price was $1,019,500.

In comparison, the condo market had 31 sales, 35 active listings, and the benchmark sale price was $427,400.

Townhome market featured 86 sales, 119 active listings and a $569,000 benchmark sale price.

It’s a seller’s market for condos and townhomes in Surrey Central.

MarketHotSheet_February2018_Central Surrey

White Rock/South Surrey

There were 80 sales, 512 active listings, and a $1,482,800 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 60 sales, 118 active listings and a benchmark sale price of $519,000 at the end of the month.

In comparison, townhome sales were 57, active listings were 114 and the benchmark sale price was $656,000.

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

MarketHotSheet_February2018_White Rock-SouthSurrey

Cloverdale

MarketHotSheet_February2018_Cloverdale

Langley

In the Langley market, the benchmark sale price was $1,028,200 for detached homes. At the end of the month, there were 193 active listings and 82 sales.

The condo market had 72 sales and 73 active listings. The benchmark sale price was $424,300.

Townhomes featured 71 sales, 91 active listings and a $508,500 benchmark sale price.

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

MarketHotSheet_February2018_Langley

Abbotsford

MarketHotSheet_February2018_Abbotsford

Mission

MarketHotSheet_February2018_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