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 September 2018.
In the North Delta market, the benchmark sale price was $931,000 for detached homes. At the end of the month, there were 196 active listings and 25 sales.
The condo market had 3 sales and 34 active listings. The benchmark sale price was $429,700.
Townhomes featured 4 sales, 22 active listings and a $571,900 benchmark sale price.
It’s a buyer’s market for homes and condos.
In September 2018, there were 38 sales of detached homes and 358 active listings in North Surrey. The benchmark sale price was $969,300.
The condo market had 68 sales and 361 active listings at the end of the month. The benchmark sale price was $431,900.
In comparison, townhome sales were 19, active listings were 86 and the benchmark sale price was $600,500.
It’s a buyer’s market for homes.
Surrey – Central
In the Surrey – Central market, there were 76 sales of detached homes and 601 active listings at the end of the month. The benchmark sale price was $1,035,600.
In comparison, the condo market had 22 sales, 128 active listings, and the benchmark sale price was $456,100.
Townhome market featured 57 sales, 369 active listings and a $583,500 benchmark sale price.
It’s a buyer’s market for homes & townhomes.
White Rock/South Surrey
There were 36 sales, 637 active listings, and a $1,397,400 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 44 sales, 255 active listings and a benchmark sale price of $502,700 at the end of the month.
In comparison, townhome sales were 54, active listings were 214 and the benchmark sale price was $679,900.
It’s a seller’s market for townhomes.
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