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

North Delta

In the North Delta market, the benchmark sale price was $913,200 for detached homes. At the end of the month, there were 175 active listings and 41 sales.

The condo market had 8 sales and 38 active listings. The benchmark sale price was $403,300.

Townhomes featured 3 sales, 27 active listings and a $599,500 benchmark sale price.

It’s a buyer’s market for townhomes.

MarketHotSheet_November_2018_NorthDelta

North Surrey

In November 2018, there were 33 sales of detached homes and 327 active listings in North Surrey. The benchmark sale price was $979,800.

The condo market had 82 sales and 378 active listings at the end of the month. The benchmark sale price was $413,700.

In comparison, townhome sales were 10, active listings were 75 and the benchmark sale price was $588,500.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_November_2018_NorthSurrey

Surrey – Central

In the Surrey – Central market, there were 65 sales of detached homes and 547 active listings at the end of the month. The benchmark sale price was $1,019,500.

In comparison, the condo market had 19 sales, 124 active listings, and the benchmark sale price was $432,000.

Townhome market featured 49 sales, 352 active listings and a $578,300 benchmark sale price.

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

MarketHotSheet_November_2018_SurreyCentral

White Rock/South Surrey

There were 60 sales, 565 active listings, and a $1,391,100 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 40 sales, 254 active listings and a benchmark sale price of $501,100 at the end of the month.

In comparison, townhome sales were 36, active listings were 220 and the benchmark sale price was $659,800.

It’s a buyer’s market in White Rock South Surrey.

MarketHotSheet_November_2018_WhiteRockSouthSurrey

CloverdaleMarketHotSheet_November_2018_Cloverdale

Langley

In the Langley market, the benchmark sale price was $1,008,600 for detached homes. At the end of the month, there were 397 active listings and 63 sales.

The condo market had 70 sales and 271 active listings. The benchmark sale price was $415,500.

Townhomes featured 71 sales, 214 active listings and a $496,800 benchmark sale price.

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

MarketHotSheet_November_2018_Langley

AbbotsfordMarketHotSheet_November_2018_Abbotsford

MissionMarketHotSheet_November_2018_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.

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