Fraser Valley Real Estate Market Statistics – January 2019

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in January 2019.

North Delta

In the North Delta market, the benchmark sale price was $879,600 for detached homes. At the end of the month, there were 139 active listings and 22 sales.

The condo market had 5 sales and 33 active listings. The benchmark sale price was $391,000.

Townhomes featured 4 sales, 22 active listings and a $587,800 benchmark sale price.

It’s a buyer’s market for homes and condos.    MarketHotSheet_January_2019_NorthDelta

North Surrey

In January 2019, there were 17 sales of detached homes and 293 active listings in North Surrey. The benchmark sale price was $956,400.

The condo market had 67 sales and 334 active listings at the end of the month. The benchmark sale price was $400,800.

In comparison, townhome sales were 8, active listings were 69 and the benchmark sale price was $569,200.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_January_2019_NorthSurrey

Surrey – Central

In the Surrey – Central market, there were 53 sales of detached homes and 412 active listings at the end of the month. The benchmark sale price was $998,100.

In comparison, the condo market had 22 sales, 98 active listings, and the benchmark sale price was $417,900.

Townhome market featured 46 sales, 277 active listings and a $569,900 benchmark sale price.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_January_2019_SurreyCentral

White Rock/South Surrey

There were 23 sales, 501 active listings, and a $1,351,300 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 34 sales, 255 active listings and a benchmark sale price of $481,000 at the end of the month.

In comparison, townhome sales were 27, active listings were 202 and the benchmark sale price was $669,000.

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

MarketHotSheet_January_2019_WhiteRockSouthSurrey

Cloverdale

MarketHotSheet_January_2019_Cloverdale

Langley

MarketHotSheet_January_2019_Langley

Abbotsford

MarketHotSheet_January_2019_Abbotsford

Mission

MarketHotSheet_January_2019_Mission

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