Surrey, Langley and Fraser Valley Real Estate Market Statistics – February 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, Langley and Fraser Valley listings and sales in February 2016.

North Surrey

In February 2016, there were 107 sales of detached homes and 168 active listings in North Surrey. The benchmark sale price was $711,400, an increase of 26.9% compared to February 2015.

The condo market had 73 sales, 349 active listings at the end of the month. The benchmark sale price was $204,700.

In comparison, townhome sales were 36, active listings were 62 and the benchmark sale price was $267,400.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_NSurrey

Surrey – Central

In the Surrey – Central market, there were 253 sales of detached homes and 319 active listingsat the end of the month. The benchmark sale price was $712,300.

In comparison, the condo market had 38 sales161 active listings, and the benchmark sale price was $206,700.

Townhome market featured 131 sales, 177 active listings and a $343,100 benchmark sale price.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_Surrey

 

White Rock/South Surrey

There were 223 sales346 active listings, and a $1,163,900 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 112 sales237 active listings and a benchmark sale price of $283,100 at the end of the month.

In comparison, townhome sales were 106active listings were 91 and the benchmark sale price was $471,100.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_WhiteRock

 

Langley

In the Langley market, the benchmark sale price was $722,800 for detached homes. At the end of February, there were 198 active listings and 204 sales, an increase of 92.5% compared with 106 sales in the same month of 2015.

The condo market had 61 sales and 157 active listings. The benchmark sale price was $219,600.
Townhome featured 84 sales, 75 active listings and a $348,600 benchmark sale price.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_Feb2016_Langley

 

Abbotsford

In the Abbotsford market, there were 210 sales and 220 active listings for detached homes at the end of February. The benchmark sale price was $531,400.

The condo market featured 58 sales172 active listings and a $157,300 benchmark sale price.

In comparison, townhomes sales were 91active listings were 117, and the benchmark sale price was $236,600.

MarketHotSheet_Feb2016_Abbotsford

 

Listings are down. Sales are up. It’s a seller’s market.
The followings are the summaries of the surrounding areas:

Cloverdale

MarketHotSheet_Feb2016_Cloverdale

 

North Delta

MarketHotSheet_Feb2016_NDelta

 

Mission

MarketHotSheet_Feb2016_Mission

 

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley? 

Macdonald Realty has offices in Surrey, 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