Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, and North Delta listings and sales in February 2017.
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.
Surrey – Central
In the Surrey – Central market, there were 95 sales of detached homes and 357 active listings at the end of the month. The benchmark sale price was $866,900.
In comparison, the condo market had 26 sales, 54 active listings, and the benchmark sale price was $242,300.
Townhome market featured 112 sales, 158 active listings and a $443,500 benchmark sale price.
It’s a seller’s market in Surrey Central.
White Rock/South Surrey
There were 73 sales, 476 active listings, and a $1,441,200 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 73 sales, 109 active listings and a benchmark sale price of $349,800 at the end of the month.
In comparison, townhome sales were 45, active listings were 106 and the benchmark sale price was $570,600.
It’s a buyer’s market for single family homes.
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.
Looking for more information about the real estate market in specific neighbourhoods in Surrey, White Rock, North Delta, 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