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

North Delta

In the North Delta market, the benchmark sale price was $820,000 for detached homes. At the end of March, there were 123 active listings and 60 sales.

The condo market had 11 sales and 12 active listings. The benchmark sale price was $215,700.

Townhomes featured 9 sales, 13 active listings and a $497,800 benchmark sale price.

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

MarketHotSheet_March2017_NDelta

North Surrey

In March 2017, there were 95 sales of detached homes and 276 active listings in North Surrey. The benchmark sale price was $826,800.

The condo market had 180 sales and 179 active listings at the end of the month.  The benchmark sale price was $256,600.

In comparison, townhome sales were 36, active listings were 38 and the benchmark sale price was $364,500.

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

MarketHotSheet_March2017_NSurrey

Surrey – Central

In the Surrey – Central market, there were 174 sales of detached homes and 372 active listings at the end of the month.  The benchmark sale price was $876,600.

In comparison, the condo market had 51 sales, 63 active listings, and the benchmark sale price was $254,400.

Townhome market featured 149 sales, 143 active listings and a $456,900 benchmark sale price.

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

MarketHotSheet_March2017_Surrey

White Rock/South Surrey

There were 117 sales, 481 active listings, and a $1,447,100 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 129 sales, 118 active listings and a benchmark sale price of $361,600 at the end of the month.

In comparison, townhome sales were 86, active listings were 105 and the benchmark sale price was $582,800.

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

MarketHotSheet_March2017_WhiteRock

Cloverdale

MarketHotSheet_March2017_Cloverdale

Langley

In the Langley market, the benchmark sale price was $875,300 for detached homes. At the end of March, there were 203 active listings and 149 sales.

The condo market had 108 sales and 97 active listings. The benchmark sale price was $291,000.

Townhomes featured 112 sales, 70 active listings and a $440,000 benchmark sale price.

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

MarketHotSheet_March2017_Langley

Abbotsford

MarketHotSheet_March2017_Abbotsford

Mission

MarketHotSheet_March2017_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