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 July 2019.
In the Cloverdale market, the benchmark sale price was $994,900 for detached homes. At the end of the month, there were 196 active listings and 46 sales.
The condo market had 22 sales and 52 active listings. The benchmark sale price was $446,700.
Townhomes featured 39 sales, 164 active listings and a $552,600 benchmark sale price.
It’s a seller’s market for condos in Cloverdale.
In the Langley market, there were 96 sales of detached homes and 419 active listings at the end of the month. The benchmark sale price was $983,100.
In comparison, the condo market had 56 sales, 303 active listings, and the benchmark sale price was $410,200.
Townhome market featured 95 sales, 277 active listings and a $494,200 benchmark sale price.
It’s a seller’s market for townhomes in Langley.
There were 49 sales, 217 active listings, and a $881,000 benchmark sale price for detached homes in the North Delta market.
The condo market featured 06 sales, 31 active listings and a benchmark sale price of $375,400 at the end of the month.
In comparison, townhome sales were 08, active listings were 33 and the benchmark sale price was $580,500.
It’s a balanced market in North Delta.
White Rock/South Surrey
Looking for more information about the real estate market in specific neighborhoods in Surrey, Langley and Fraser Valley?
Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley. Please email firstname.lastname@example.org 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