Surrey, White Rock, and North Delta Real Estate Market Statistics – May 2017

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, and North Delta listings and sales in May 2017.

North Surrey

In May 2017, there were 119 sales of detached homes and 294 active listings in North Surrey. The benchmark sale price was $866,200.

The condo market had 164 sales and 193 active listings at the end of the month.  The benchmark sale price was $276,600.

In comparison, townhome sales were 32, active listings were 45 and the benchmark sale price was $389,800.

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

MarketHotSheet_May2017_NSurrey

Surrey – Central

In the Surrey – Central market, there were 247 sales of detached homes and 455 active listings at the end of the month.  The benchmark sale price was $930,500.

In comparison, the condo market had 55 sales, 52 active listings, and the benchmark sale price was $284,300.

Townhome market featured 177 sales, 153 active listings and a $484,700 benchmark sale price.

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

MarketHotSheet_May2017_Surrey

White Rock/South Surrey

There were 166 sales, 563 active listings, and a $1,496,300 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 94 sales, 130 active listings and a benchmark sale price of $363,700 at the end of the month.

In comparison, townhome sales were 92, active listings were 126 and the benchmark sale price was $614,000.

It’s a seller’s market in White Rock/South Surrey.

MarketHotSheet_May2017_WhiteRock

Cloverdale

MarketHotSheet_May2017_Cloverdale

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

Looking for more information about the real estate market in specific neighbourhoods in Surrey, White Rock, North Delta 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.

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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