*REAL ESTATE MARKET UPDATE – DECEMBER STATS 2018*

 In Fraser Valley, Market Update, Statistics

NORTH DELTA, SURREY, LANGLEY AND FRASER VALLEY REAL ESTATE MARKET STATISTICS – DECEMBER 2018

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 December 2018.

North Delta

In the North Delta market, the benchmark sale price was $887,800 for detached homes. At the end of the month, there were 142 active listings and 16 sales.

The condo market had 7 sales and 32 active listings. The benchmark sale price was $400,000.

Townhomes featured 8 sales, 18 active listings and a $603,600 benchmark sale price.

It’s a seller’s market for townhomes.

MarketHotSheet_December_2018_NorthDelta

North Surrey

In December 2018, there were 19 sales of detached homes and 224 active listings in North Surrey. The benchmark sale price was $973,500.

The condo market had 45 sales and 309 active listings at the end of the month. The benchmark sale price was $409,600.

In comparison, townhome sales were 4, active listings were 58 and the benchmark sale price was $577,600.

It’s a buyer’s market in North Surrey.

MarketHotSheet_December_2018_NorthSurrey

Surrey – Central

In the Surrey – Central market, there were 58 sales of detached homes and 363 active listings at the end of the month. The benchmark sale price was $1,007,800.

In comparison, the condo market had 12 sales, 90 active listings, and the benchmark sale price was $428,100.

Townhome market featured 58 sales, 265 active listings and a $581,000 benchmark sale price.

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

MarketHotSheet_December_2018_SurreyCentral

White Rock/South Surrey

There were 33 sales, 411 active listings, and a $1,360,200 benchmark sale price for detached homes in the White Rock/South Surrey market.

The condo market featured 27 sales, 206 active listings and a benchmark sale price of $500,100 at the end of the month.

In comparison, townhome sales were 31, active listings were 172 and the benchmark sale price was $674,100.

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

MarketHotSheet_December_2018_WhiteRockSouthSurrey

Cloverdale

MarketHotSheet_December_2018_Cloverdale

Langley

MarketHotSheet_December_2018_Langley

Abbotsford

MarketHotSheet_December_2018_Abbotsford

Mission

MarketHotSheet_December_2018_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

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