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

North Delta

In the North Delta market, the benchmark sale price was $950,200 for detached homes. At the end of the month, there were 119 active listings and 42 sales.

The condo market had 6 sales and 15 active listings. The benchmark sale price was $425,900.

Townhomes featured 3 sales, 16 active listings and a $591,300 benchmark sale price.

It’s a seller’s market for condos and single family homes in North Delta.

MarketHotSheet_March2018_NorthDelta

North Surrey

In March 2018, there were 68 sales of detached homes and 226 active listings in North Surrey. The benchmark sale price was $980,100.

The condo market had 154 sales and 179 active listings at the end of the month.  The benchmark sale price was $424,900.

In comparison, townhome sales were 15, active listings were 34 and the benchmark sale price was $573,800.

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

MarketHotSheet_March2018_NorthSurrey

Surrey – Central

In the Surrey – Central market, there were 111 sales of detached homes and 395 active listings at the end of the month.  The benchmark sale price was $1,031,500.

In comparison, the condo market had 36 sales, 41 active listings, and the benchmark sale price was $452,300.

Townhome market featured 96 sales, 150 active listings and a $577,800 benchmark sale price.

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

MarketHotSheet_March2018_CentralSurrey

White Rock/South Surrey

There were 82 sales, 540 active listings, and a $1,490,100 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 57 sales, 166 active listings and a benchmark sale price of $524,100 at the end of the month.

In comparison, townhome sales were 64, active listings were 129 and the benchmark sale price was $678,000.

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

MarketHotSheet_March2018_WhiteRockSouthSurrey

Cloverdale

MarketHotSheet_March2018_Cloverdale

Langley

In the Langley market, the benchmark sale price was $1,026,600 for detached homes. At the end of the month, there were 233 active listings and 90 sales.

The condo market had 85 sales and 102 active listings. The benchmark sale price was $444,500.

Townhomes featured 97 sales, 95 active listings and a $514,900 benchmark sale price.

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

MarketHotSheet_March2018_Langley

Abbotsford

MarketHotSheet_March2018_Abbotsford

Mission

MarketHotSheet_March2018_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