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 March 2019.
In the North Delta market, the benchmark sale price was $902,200 for detached homes. At the end of the month, there were 145 active listings and 42 sales.
The condo market had 10 sales and 44 active listings. The benchmark sale price was $392,500.
Townhomes featured 3 sales, 26 active listings and a $571,500 benchmark sale price.
It’s a buyer’s market for townhomes.
In March 2019, there were 45 sales of detached homes and 308 active listings in North Surrey. The benchmark sale price was $947,700.
The condo market had 79 sales and 418 active listings at the end of the month. The benchmark sale price was $407,900.
In comparison, townhome sales were 13, active listings were 81 and the benchmark sale price was $555,100.
It’s a buyer’s market for homes and townhomes.
Surrey – Central
In the Surrey – Central market, there were 98 sales of detached homes and 435 active listings at the end of the month. The benchmark sale price was $1,006,300.
In comparison, the condo market had 33 sales, 124 active listings, and the benchmark sale price was $424,400.
Townhome market featured 83 sales, 319 active listings and a $557,600 benchmark sale price.
It’s a seller’s market for condos and townhomes.
White Rock/South Surrey
There were 59 sales, 589 active listings, and a $1,372,800 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 57 sales, 279 active listings and a benchmark sale price of $498,100 at the end of the month.
In comparison, townhome sales were 49, active listings were 235 and the benchmark sale price was $653,100.
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