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 2019.
In the North Delta market, the benchmark sale price was $882,400 for detached homes. At the end of the month, there were 149 active listings and 26 sales.
The condo market had 7 sales and 40 active listings. The benchmark sale price was $376,700.
Townhomes featured 1 sale, 19 active listings and a $568,200 benchmark sale price.
It’s a buyer’s market for townhomes.
In February 2019, there were 36 sales of detached homes and 297 active listings in North Surrey. The benchmark sale price was $952,300.
The condo market had 59 sales and 370 active listings at the end of the month. The benchmark sale price was $403,300.
In comparison, townhome sales were 13, active listings were 73 and the benchmark sale price was $565,000.
It’s a buyer’s market for homes and condos.
Surrey – Central
In the Surrey – Central market, there were 66 sales of detached homes and 422 active listings at the end of the month. The benchmark sale price was $1,003,000.
In comparison, the condo market had 25 sales, 125 active listings, and the benchmark sale price was $408,400.
Townhome market featured 62 sales, 299 active listings and a $551,200 benchmark sale price.
It’s a buyer’s market for homes.
White Rock/South Surrey
There were 38 sales, 545 active listings, and a $1,382,800 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 47 sales, 263 active listings and a benchmark sale price of $488,800 at the end of the month.
In comparison, townhome sales were 29, active listings were 212 and the benchmark sale price was $646,400.
It’s a buyer’s market for homes and townhomes.
Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley?
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