Top 15 South Fraser River neighbourhoods to buy real estate from MoneySense’s Where to Buy report

Million-dollar communities have more to offer than just price appreciation.

moneysensefraserIn April MoneySense.ca produced their annual list of Where to Buy South of the Fraser River neighbourhoods.  We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you to find your next home.

The top 15 South Fraser neighbourhoods for Buyers, according to MoneySense are:

  1. Brookswood, Langley

  2. Walnut Grove, Langley

  3. Aldergrove, Langley

  4. Guildford, Surrey

  5. Fort Langley, Langley

  6. Langley City, Langley

  7. Willoughby Heights, Langley

  8. Cloverdale, Surrey

  9. Fleetwood Tynehead, Surrey

  10. West Newton, Surrey

  11. Murrayville, Langley

  12. North Surrey, Surrey

  13. East Newton, Surrey

  14. South Surrey White Rock, Surrey

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in the area of your choosing.

Read the rest of the MoneySense article here. 

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

North Delta

In the North Delta market, the benchmark sale price was $877,600 for detached homes. At the end of the month, there were 173 active listings and 68 sales.

The condo market had 4 sales and 18 active listings. The benchmark sale price was $309,900.

Townhomes featured 8 sales, 22 active listings and a $553,800 benchmark sale price.

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

MarketHotSheet_June2017_NDelta

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

North Delta

In the North Delta market, the benchmark sale price was $869,700 for detached homes. At the end of the month, there were 151 active listings and 91 sales.

The condo market had 14 sales and 5 active listings. The benchmark sale price was $238,700.

Townhomes featured 12 sales, 13 active listings and a $543,700 benchmark sale price.

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

MarketHotSheet_May2017_NDelta

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

North Delta

In the North Delta market, the benchmark sale price was $844,300 for detached homes. At the end of April, there were 123 active listings and 71 sales.

The condo market had 6 sales and 13 active listings. The benchmark sale price was $230,300.

Townhomes featured 10 sales, 9 active listings and a $509,900 benchmark sale price.

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

MarketHotSheet_April2017_NDelta

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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

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

North Delta

In the North Delta market, the benchmark sale price was $819,600 for detached homes. At the end of February, there were 118 active listings and 37 sales.

The condo market had 4 sales and 13 active listings. The benchmark sale price was $202,800.

Townhomes featured 7 sales, 15 active listings and a $482,900 benchmark sale price.

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

MarketHotSheet_February2017_NDelta

North Surrey

In February 2017, there were 49 sales of detached homes and 277 active listings in North Surrey. The benchmark sale price was $821,600.

The condo market had 97 sales and 196 active listings at the end of the month.  The benchmark sale price was $244,800.

In comparison, townhome sales were 26, active listings were 33 and the benchmark sale price was $355,500.

It’s a seller’s market for condos and townhomes in North Surrey.

MarketHotSheet_February2017_NSurrey

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Stewart Henderson of Macdonald Realty receives the 2017 John Armeneau Professional of the Year Award

Stewart

SURREY, B.C., Canada (February 22, 2017) – At the annual Fraser Valley Real Estate Board (FVREB) Annual General Meeting, Stewart Henderson from Macdonald Realty Langley office received the John Armeneau Professional of the Year Award. This is the highest honour the board can bestow on an FVREB member, and is awarded to someone who demonstrates outstanding leadership and dedication to the real estate industry over their career. Stewart joins a list of 31 other prominent members who have won this award, we are very happy and proud of him.

In 1992, John Armeneau was the seventh board member to receive the Fraser Valley Real Estate Board Professional of the Year Award, which was created in 1985. The award was subsequently renamed the John Armeneau Professional Award after John passed away. He epitomized what it meant to be a professional REALTOR®. He was a member of the Board from 1972 to 1996.

——

For more details about FVREB Annual General Meeting in 2017, please click HERE.

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $8.9 billion and over $3 billion in assets under management. With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China. Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in January 2017.

North Delta

In the North Delta market, the benchmark sale price was $828,200 for detached homes. At the end of January, there were 120 active listings and 23 sales.

The condo market had 4 sales and 10 active listings. The benchmark sale price was $198,000.

Townhomes featured 2 sales, 19 active listings and a $474,500 benchmark sale price.

It’s a buyer’s market for townhomes in North Delta.

MarketHotSheet_January2017_NDelta

North Surrey

In January 2017, there were 45 sales of detached homes and 257 active listings in North Surrey. The benchmark sale price was $821,900.

The condo market had 72 sales and 174 active listings at the end of the month.  The benchmark sale price was $239,900.

In comparison, townhome sales were 12, active listings were 37 and the benchmark sale price was $348,300.

It’s a seller’s market for condos and townhomes in North Surrey.

MarketHotSheet_January2017_NSurrey

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

 

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

North Delta

In the North Delta market, the benchmark sale price was $833,300 for detached homes. At the end of December, there were 125 active listings and 20 sales.

The condo market had 6 sales and 7 active listings. The benchmark sale price was $196,700.

Townhomes featured 5 sales, 12 active listings and a $477,700 benchmark sale price.

It’s a balanced market for single family homes in North Delta.

North Delta real estate stats

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

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

North Surrey

In November 2016, there were 46 sales of detached homes and 352 active listings in North Surrey. The benchmark sale price was $836,200.

The condo market had 82 sales, 170 active listings at the end of the month.  The benchmark sale price was $237,300.

In comparison, townhome sales were 28, active listings were 44 and the benchmark sale price was $336,900.

It’s a buyer’s market for single family homes.

MarketHotSheet_November2016_NSurrey

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

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

North Surrey

In October 2016, there were 45 sales of detached homes and 382 active listings in North Surrey. The benchmark sale price was $860,200.

The condo market had 85 sales, 190 active listings at the end of the month.  The benchmark sale price was $231,300.

In comparison, townhome sales were 28, active listings were 54 and the benchmark sale price was $344,100.

It’s a buyer’s market for single family homes.

MarketHotSheet_September2016_NSurrey

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

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

North Surrey

In September 2016, there were 40 sales of detached homes and 418 active listings in North Surrey. The benchmark sale price was $870,700.

The condo market had 90 sales, 214 active listings at the end of the month.  The benchmark sale price was $229,200.

In comparison, townhome sales were 28, active listings were 53 and the benchmark sale price was $345,300.

It’s a buyer’s market for single family homes.

MarketHotSheet_September2016_NSurrey

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

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

North Surrey

In August 2016, there were 59 sales of detached homes and 389 active listings in North Surrey. The benchmark sale price was $886,000.

The condo market had 114 sales, 239 active listings at the end of the month.  The benchmark sale price was $232,200.

In comparison, townhome sales were 35, active listings were 56 and the benchmark sale price was $336,400.

It’s a buyer’s market for single family homes.

MarketHotSheet_August2016_NSurrey

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

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

North Surrey

In July 2016, there were 71 sales of detached homes and 396 active listings in North Surrey. The benchmark sale price was $889,500, an increase of 45.8% compared to the same month last year.

The condo market had 112 sales, 285 active listings at the end of the month.  The benchmark sale price was $224,900.

In comparison, townhome sales were 41, active listings were 52 and the benchmark sale price was $323,600.

MarketHotSheet_July2016_NSurrey

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

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

North Surrey

In June 2016, there were 132 sales of detached homes and 329 active listings in North Surrey. The benchmark sale price was $878,300, an increase of 46.6% compared to June 2015.

The condo market had 137 sales, 290 active listings at the end of the month.  The benchmark sale price was $219,800.

In comparison, townhome sales were 39, active listings were 55 and the benchmark sale price was $306,000.

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

MarketHotSheet_June2016_NSurrey

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

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

North Surrey

In May 2016, there were 154 sales of detached homes and 292 active listings in North Surrey. The benchmark sale price was $853,600, an increase of 45.0% compared to May 2015.

The condo market had 119 sales, 348 active listings at the end of the month.  The benchmark sale price was $216,800.

In comparison, townhome sales were 34, active listings were 53 and the benchmark sale price was $289,400.

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

MarketHotSheet_May2016_NSurrey

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

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

North Surrey

In April 2016, there were 144 sales of detached homes and 263 active listings in North Surrey. The benchmark sale price was $776,900, an increase of 34.1% compared to April 2015.

The condo market had 94 sales, 382 active listings at the end of the month.  The benchmark sale price was $214,500.

In comparison, townhome sales were 46, active listings were 45 and the benchmark sale price was $281,800.

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

 

MarketHotSheet_April2016_NSurrey
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Surrey, Langley and Fraser Valley Real Estate Market Statistics – March 2016

Macdonald Realty’s offices from Surrey, White Rock/South Surrey, and Langley present these real estate reports of the residential markets for the Fraser Valley areas last month. For a full breakdown on inventory and sales for both detached homes and condos, as well as the type of market, please click the link below.

North Surrey

In March 2016, there were 153 sales of detached homes and 227 active listings in North Surrey. The benchmark sale price was $735,100, an increase of 29.0% compared to March 2015.

The condo market had 118 sales, 373 active listings at the end of the month.  The benchmark sale price was $211,700.

In comparison, townhome sales were 39, active listings were 57 and the benchmark sale price was $279,100.

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

MarketHotSheet_March2016_NSurrey

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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

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

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

White Rock/South Surrey

There were 140 sales, 299 active listings, and a $1,122,100 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 39 sales, 240 active listings and a benchmark sale price of $277,200 at the end of the month.

In comparison, townhome sales were 55, active listings were 131 and the benchmark sale price was $467,400.

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

Jan2016_WhiteRockSouthSurrey

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Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Surrey, Langley and Fraser Valley listings and sales in December 2015.

North Surrey

In December 2015, there were 99 sales of detached homes and 116 active listings in North Surrey. The benchmark sale price was $670,000, an increase of 19.0% compared to December 2014.

The condo market had 63 sales, 287 active listings at the end of the month.  The benchmark sale price was $200,000.

In comparison, townhome sales were 19, active listings were 51 and the benchmark sale price was $263,200.

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

Dec2015_NorthSurrey

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Macdonald Realty Langley sponsors LFMSS ‘Wizard of Oz’ Musical

This year, Macdonald Realty’s Langley office is actively supporting youth and arts programs in their community. This year, they are the lead sponsor of the Langley Fundamental Middle and Secondary School’s musical production of the ‘Wizard of Oz’!

This performance is being shown from April 23rd, 2014 to May 3rd, 2014. ‘The Wizard of Oz Musical’ follows the story of Dorothy as she has an “”out of this world”” experience and enters the Land of Oz where she goes on an adventure to return back to here home of Kansas. Along the way she meets up with a scarecrow without a brain, a tin man without a heart, a lion without courage and even a witch who will stop at nothing to take something that Dorthy has!

To see more information regarding the show, please visit wizardmusical.ca.

Show Times
Thu, April 24 – 7 PM (Cast E)
Fri, April 25 –  7 PM (Cast R)
Sat. April 26 – 1 PM (Cast R)
Sat. April 26 – 7 PM (Cast E)
Thu. May 1 – 7 PM (Cast R)
Fri. May 2 – 7 PM (Cast E)
Sat. May 3 – 1 PM (Cast E)
Sat. May 3 – 7 PM (Cast R)

Buy tickets here:  http://www.wizardmusical.ca/tickets
Make sure to like their Facebook page:  https://www.facebook.com/lfmss.woz

For more information contact Macdonald Realty at 1-877-278-3888

macdonald_realty_wizard_of_oz_ad__normal

When to accept an offer on your house: Are we there yet, Realtor?

When a homeowner decides to sell their home they usually hire a REALTOR® and the REALTOR® gets to work having the home prepared for sale, getting the home, with all the relevant information, listed on the real estate board’s MLS® system, and starting to notify the real estate industry and the public that the property is for sale and inviting interested buyers to come and view the home. In that order.

Sometimes, within a week or two, the seller receives an offer from an interested buyer. This sudden offer is quite unexpected so soon and, human nature being what it is, the seller often feels that they should wait until more buyers view the home with the hope that the offers will only get better and they may ultimately end up selling the home for more money than the first offer contained. It’s a pretty normal reaction and, at first glance, it seems logical.

In the thirty-two years that I have been involved in selling homes, both as a REALTOR® and as a manager, I have learned that the opposite is often the case. After the initial flurry of interest, things die down, there are fewer buyers looking and the offers are less than that initial offer. What’s gone wrong? How can this be? It doesn’t seem to make any sense.

Well, if you consider the local real estate market in a macro sense you can begin to see the logic behind this phenomenon. Every day, including today, I would guess that out of the almost 500 licensed REALTORS® in the Langley area at least 25 of them have appointments today to show their buyer clients some homes that their buyer might be interested in buying. Many of these buyers have been looking for some time now and have seen many homes. Some of those homes have sold since the buyer saw them and their REALTOR® has dutifully kept them informed of the final selling prices. They may have even made a low offer on one or two homes that they just loved and had their offer rejected and subsequently seen the house sell for a higher price than they had offered. They have been searching for some time, they have become acutely aware of market values for the homes, and they are tired of the search and just want to buy a home. They have seen everything that might be suitable and desirable for them and they, and their REALTOR®, are now reduced to watching for each new home coming into the marketplace. If they see one, and it looks like it meets their needs, and is properly priced in the market (and they are now very knowledgeable about market values) they want to see it right away and, if it meets their needs and desires, they will have their REALTOR® write an offer at market value right away. But they do know market value and if the property isn’t priced correctly they will just pass it by without even looking. So the seller gets a quick offer at market value and wonders if they shouldn’t wait until more buyers show up in the hopes of getting a higher price. However, after a couple of weeks, all of those knowledgeable and motivated buyers have considered the home and have made their market value offer or have discounted the home and moved on. Activity on the home has dropped and the buyers who are now looking at the home don’t seem very interested in the home. What happened?

Well, here’s what happened. The seller’s REALTOR® went through the currently available supply of buyers and now has to generate new potential buyers through their advertising. These new buyers haven’t yet seen sufficient homes to be able to make market based decisions. They are still ” just looking”. If they see your home and like your home they may make an offer but, because they are not yet knowledgeable on market prices they will make a low offer in the hope of getting the home at a below market price. Now you’re negotiating hard just to try and get the price up to the level of that initial offer that you decided not to accept in the hope of getting something better and, instead, you’ve ended up getting something worse.

So, if you get an offer soon after you have put your home up for sale don’t be too quick to reject it. It may turn out to be the one offer that you should have accepted. We might be already there.

For more information contact Stewart Henderson, Managing Broker of Macdonald Realty in Langley.
Originally printed in the Langley Times

Do Numbers Ever Lie? | by Stewart Henderson, Managing Broker, Macdonald Realty Langley

Many years ago, during the Dark Ages, one of my earliest sales managers made a very interesting comment to me. He said, “Stew, you’ve got to remember that Liars can figure, but figures can also lie.” In other words, don’t necessarily believe everything you see or hear.

I was reminded of this when one of our Realtors showed me a recent report from Urban Futures entitled, “Averages & Anecdotes: Deciphering Trends in Real Estate Prices, Part 1″ a very thought-provoking report without the slap on the side of the head impact that my old sales manager used to have. Urban Futures looked at some comments in a press release from Gregory Klump, chief economist of the Canadian Real Estate Association in a press release that CREA had issued, which stated that the national average of real estate prices had risen 8.9% on a year over year basis at the end of March 2011. Mr. Klump stated that, “there had been a record number of multi-million dollar property sales in Richmond and Vancouver West which had pushed up average prices for Vancouver, British Columbia and nationally”. He further stated that, “if Vancouver is excluded from the equation, the national average price increase is cut by more than half to 4.3 per cent”.

WOW!! Look at that statement again.

What a tremendous effect that Vancouver house prices have on the rest of the country. One could be excused for thinking that the 8.9% average increase is a lie. But it’s not a lie, it’s the truth. It’s just so distorted by Vancouver that it’s not relevant to someone who doesn’t live in Vancouver.

With the assistance of Landcor Data Corporation, Landcor and Urban Futures was able to segment the sales price data for Vancouver into quintiles. There’s a word we all use everyday. Quintiling involves ranking all sales from lowest to highest and then creating five price groups, that each contain an equal number of sales. Thus, each price group would contain 20% of the total sales.

Considering the top quintile for detached homes, the average price in Vancouver of these top 20% of sales was $1,690,000, twice the average price in Vancouver of $810,398. The average sales price of the other four quintiles was $591,092, which, Urban Futures suggest, might be more representative of what most people would be purchasing. A similar analysis of the condo/apartment market revealed a similar situation.

So, in summary, Urban Futures findings were similar to CREA. CREA found that removing Vancouver data from the national data reduced the average price increase in housing prices by 52% (from 8.9% to 4.3%). By removing the most expensive quintile from the Lower Mainland data, Urban Futures found that the average price in Vancouver might actually be 27% lower ( $591,092 vs. $810,398) in the price range that most of us live in.

So, is someone lying to us? No, I don’t think so. But I think my old sales manager was trying to teach me the same thing that Urban Futures is trying to illustrate. Figures can lie – they can be very misleading- and we have to be careful how we use them.

For more information contact Stewart Henderson, Managing Broker, Macdonald Realty in Langley