Fraser Valley Archives - macdonald realty
 
Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – February 2020

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – February 2020

In February, property sales in the Fraser Valley finished slightly above the 10‐year average for the month, while new listings came in 3 per cent below, keeping overall inventory at historically below‐average levels.

According to the Board, The Fraser Valley Real Estate Board processed 1,352 sales of all property types on its Multiple Listing Service® (MLS®) in February, a 39 per cent increase compared to sales in January 2020, and a 38 per cent increase compared to the 982 sales in February of last year. Darin Germyn, President of the Board and Macdonald Realty real estate agent said Supply is a challenge currently in some areas and for certain property types. In February, in Langley for example, for every 10 active townhomes, six sold. In Cloverdale, there were 26 active condo listings last month; and 20 sold.”

Based on the board report “There were 5,741 active listings available in the Fraser Valley at the end of February, an increase of 12 per cent compared to January’s inventory and a decrease of 10 per cent year‐over‐year. Additionally, 2,557 new listings were received by the Board for the month, a 15 per cent increase compared to January’s intake of 2,216 new listings and a 15 per cent decrease compared to February of last year.”

Find all the infographics related to the February Market Statistics by visiting the Facebook Album.

Abbotsford

Cloverdale

Langley

Mission

North Delta

North Surrey

Surrey Central

White Rock / South Surrey

 

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley 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.

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

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – January 2020

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – January 2020

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in January 2020.

In January the Fraser Valley Real Estate Board processed 974 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 21.9 per cent decrease compared to sales in December 2019, and a 24.2 per cent increase compared to the 784 sales in January of last year.

According to the Board, of the 974 total MLS® sales of residential and commercial combined in the Fraser Valley, 363 were single family detached homes, 241 were townhouses, and 248 were apartments.

Darin Germyn, President of the Board and Macdonald Realty real estate agent said:

Considering our record-shattering snow and cold, the pace of home sales remained surprisingly balanced in January,” said Darin Germyn, President of the Board. “Sales in our region have steadily improved since July of last year and January’s numbers remained consistent with that trend.”

5,143 active listings were available in the Fraser Valley at the end of January, an increase of 9.8 per cent compared to December 2019’s inventory and a decrease of 14.2 per cent year-over-year.

As reported by the Fraser Valley Real Estate Board, 2,216 new listings were received – a significant increase compared to December 2019’s intake of 948 new listings and a 15.1 per cent decrease compared year-over-year.

Darin Germyn explained that the weather may have had an impact in January, is on their housing supply.

“For certain property types, listings in the Fraser Valley are not keeping pace with sales.  In areas of Surrey and Langley for example, for every two townhomes listed, one is selling. So, if you’re thinking of buying, talk to your REALTOR® about local market conditions to understand the variances”.

The report says that for the Fraser Valley region, the average number of days to sell an apartment in January was 49, and 47 for townhomes. Single family detached homes remained on the market for an average of 60 days before selling.

Abbotsford

Cloverdale

Langley

Mission

North Delta

North  Surrey

Surrey Central

White Rock/South Surrey


Looking for more information about the real estate market in specific neighbourhoods in
Surrey, Langley 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.

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

 

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2019

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2019

In December the Board processed a total of 1,247 sales, the third-best December since 2010. Active inventory finished at 4,686 units in December, 20.3% lower than the 10‐year average for the month, with a total of 948 new listings entering the market throughout the month.

Darin Germyn, President of the Board and Macdonald Realty real estate agent said that comparatively, 2019 was slower than normal for that region.  “Earlier in the year, we were still feeling the impact of the stress test introduced in 2018, but with steady job growth in our region and a stable economy, we’ve seen sales in the last few months return to above‐average levels.”

Germyn added, “Some sellers have been holding back on listing, waiting until the market improves, with the result that supply in many areas currently is quite tight; so if you’re looking to enter the market in 2020, now is a good time. Without a healthy supply of inventory in the coming months, we could see upward pressure on prices.”

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.

 

Cloverdale

In the Cloverdale market, there were 70 sales of detached homes and 30 active listings at the end of the month. The benchmark sale price was $998,100.

In comparison, the condo market had 21 sales, 29 active listings, and the benchmark sale price was $448,700.

Townhome market featured 37 sales, 55 active listings and a $560,700 benchmark sale price.

It’s a seller’s market in Cloverdale.

 Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


North Surrey

In the North Surrey market, the benchmark sale price was $933,400 for detached homes. At the end of the month, there were 196 active listings and 48 sales.

The condo market had 91 sales and 241 active listings. The benchmark sale price was $395,700.

Townhomes featured 22 sales, 60 active listings and a $552,200 benchmark sale price.

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

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.

Surrey Central

In the Surrey Central market, the benchmark sale price was $999,200 for detached homes. At the end of the month, there were 118 active listings and 329 sales.

The condo market had 28 sales and 53 active listings. The benchmark sale price was $409,300.

Townhomes 69 12 sales, 202 active listings and a $554,400 benchmark sale price.

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

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


White Rock/South Surrey

In the White Rock/South Surrey market, there were 61 sales of detached homes and 359 active listings at the end of the month. The benchmark sale price was $1,299,500.

In comparison, the condo market had 49 sales, 178 active listings, and the benchmark sale price was $475,800.

Townhome market featured 43 sales, 147 active listings and a $625,000 benchmark sale price.

It’s a seller’s market for condos and townhomes in White Rock/South Surrey.

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Abbotsford

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Langley

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Mission

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


North Delta

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Looking for more information about the real estate market in specific neighbourhoods in
Surrey, Langley 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.

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

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – November 2019

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – November 2019

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

According to the Fraser Valley Real Estate Board a combination of unseasonably high demand and declining supply reinforced Fraser Valley’s real estate market in November. Darin Germyn, President of the Board and real estate agent at Macdonald Realty, says, “Some listings are seeing a lot of activity depending on location and property type. REALTORS® are reporting more showings, higher traffic at open houses and even some multiple offer situations, which is atypical for the time of year. For our region, a balanced market is when 12 to 20 per cent of active inventory is selling. In November, 33 per cent of our supply of townhomes sold, as did 29 per cent of Fraser Valley condos; indicating that the supply of attached properties isn’t keeping up with demand.”

 

Abbotsford

In the Abbotsford market, there were 74 sales of detached homes and 379 active listings at the end of the month. The benchmark sale price was $785,100.

In comparison, the condo market had 73 sales, 223 active listings, and the benchmark sale price was $309,200.

Townhome market featured 48 sales, 148 active listings and a $377,700 benchmark sale price.

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

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

 

Langley

In the Langley market, the benchmark sale price was $990,300 for detached homes. At the end of the month, there were 298 active listings and 82 sales.

The condo market had 65 sales and 269 active listings. The benchmark sale price was $399,200.

Townhomes featured 180 sales, 94 active listings and a $490,400 benchmark sale price.

It’s a seller’s market for homes and townhomes in Langley. 

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

Mission

In the Mission market, the benchmark sale price was $639,200 for detached homes. At the end of the month, there were 150 active listings and 52 sales.

The condo market had 3 sales and 11 active listings. The benchmark sale price was $335,100.

Townhomes featured 12 sales, 26 active listings and a $439,800 benchmark sale price.

It’s a seller’s market in Mission. 

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

 

 Cloverdale

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

North Delta

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

North Surrey

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

Surrey Central

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in November 2019.

White Rock/South Surrey

 

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley 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.

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

Custom “Modern Farmhouse” in Campbell Valley, Langley, BC

Custom “Modern Farmhouse” in Campbell Valley, Langley, BC

At Macdonald Realty, we’re proud to have a team of talented and experienced real estate agents who sell one of the best luxury listings currently available in the market.

Today we’re featuring a modern and unique farmhouse! This fantastic architectural masterpiece is everything you have imagined as a dream home. Perfectly situated on a private 6.23 acre, this south-facing residence has extraordinary landscape details including a dream kitchen, floor to ceiling solid copper fireplace and more.

Let’s take a tour and see how amazing this property is — listed under $6M by Emily Sandhack.

This cozy living room is the perfect space for lounging by the fireplace – sip a cup of hot chocolate on a cold winter day while you enjoy the peace and quiet.   Read your favorite book or invite your friends over for a game night. Regardless of what you decide to do, this room surely radiates warmth as you hear the fire burning.

Don’t let another get together pass by as you prepare mom’s lasagna in the kitchen – those days are over! This open concept kitchen allows you to engage in a conversation without burning what’s in the oven. The natural colours of the cabinets with the minimalist décor welcome you as you entertain your family and friends.

Wine not? Never worry about wasting another bottle with this UV-controlled wine cellar.

Step out onto the massive green space and listen to birds chirping in the morning straight from the privacy of your own room.  Embrace nature from every room and enjoy the dazzling sunlight all day long.

Need I say more? A piece of paradise in your own bathtub.

Ready to make this dream home yours?  Click here for additional property details and request a private showing.

Want to see more beautiful homes like this?  Check out www.macrealty.com today!

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – October 2019

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – October 2019

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in October 2019.

 North Surrey

In the North Surrey market, there were 63 sales of detached homes and 329 active listings at the end of the month. The benchmark sale price was $937,600.

In comparison, the condo market had 114 sales, 375 active listings, and the benchmark sale price was $397,900.

Townhome market featured 40 sales, 200 active listings and a $382,100 benchmark sale price.

It’s a balanced market for homes and townhomes in North Surrey.

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

Surrey Central

In the Surrey Central market, the benchmark sale price was $1,005,200 for detached homes. At the end of the month, there were 569 active listings and 128 sales.

The condo market had 39 sales and 107 active listings. The benchmark sale price was $410,400.

Townhomes featured 112 sales, 312 active listings and a $558,700 benchmark sale price.

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

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

Cloverdale

There were 40 sales, 131 active listings, and a $996,500 benchmark sale price for detached homes in the Cloverdale market.

The condo market featured 24 sales, 61 active listings and a benchmark sale price of $453,500 at the end of the month.

In comparison, townhome sales were 43, active listings were 106 and the benchmark sale price was $559,300.

It’s a seller’s market in Cloverdale. 

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

White Rock/South Surrey

In the White Rock/South Surrey market, the benchmark sale price was $1,318,300 for detached homes. At the end of the month, there were 560 active listings and 73 sales.

The condo market had 62 sales and 291 active listings. The benchmark sale price was $474,800.

Townhomes featured 69 sales, 252 active listings and a $640,300 benchmark sale price.

It’s a buyer’s market for homes in White Rock/South Surrey.

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

Abbotsford

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

Langley

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

North Delta

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

Mission

 Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – October 2019

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley 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.

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