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 August 2019.
In the North Surrey market, there were 46 sales of detached homes and 357 active listings at the end of the month. The benchmark sale price was $933,800.
In comparison, the condo market had 81 sales, 403 active listings, and the benchmark sale price was $396,100.
Townhomes market featured 14 sales, 97 active listings and a $555,500 benchmark sale price.
It’s a buyer’s market for homes and townhomes in North Surrey.
There were 107 sales, 623 active listings, and a $998,500 benchmark sale price for detached homes in the Surrey Central market.
The condo market featured 22 sales, 124 active listings and a benchmark sale price of $408,200 at the end of the month.
In comparison, townhomes sales were 84, active listings were 360 and the benchmark sale price was $567,600.
It’s a balanced market in Surrey Central.
White Rock/South Surrey
In the White Rock/South Surrey market, the benchmark sale price was $1,326,700 for detached homes. At the end of the month, there were 614 active listings and 59 sales.
The condo market had 63 sales and 288 active listings. The benchmark sale price was $498,900.
Townhomes featured 45 sales, 266 active listings and a $639,100 benchmark sale price.
It’s a buyer’s market for homes in White Rock/South Surrey.
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