Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock and North Delta listings and sales in January 2017.
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.
Surrey – Central
In the Surrey – Central market, there were 72 sales of detached homes and 360 active listings at the end of the month. The benchmark sale price was $862,000.
In comparison, the condo market had 20 sales, 43 active listings, and the benchmark sale price was $238,100.
Townhome market featured 61 sales, 151 active listings and a $436,900 benchmark sale price.
It’s a seller’s market for condos and townhomes in Surrey Central.
White Rock/South Surrey
There were 44 sales, 429 active listings, and a $1,422,700 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 56 sales, 130 active listings and a benchmark sale price of $345,800 at the end of the month.
In comparison, townhome sales were 36, active listings were 97 and the benchmark sale price was $572,200.
It’s a buyer’s market for single family homes.
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.
Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley?
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