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 May 2018.
North Delta
In the North Delta market, the benchmark sale price was $958,500 for detached homes. At the end of the month, there were 200 active listings and 38 sales.
The condo market had 8 sales and 24 active listings. The benchmark sale price was $433,400.
Townhomes featured 9 sales, 17 active listings and a $610,000 benchmark sale price.
It’s a seller’s market for condos and townhomes in North Delta.
North Surrey
In May 2018, there were 86 sales of detached homes and 296 active listings in North Surrey. The benchmark sale price was $1,003,500
The condo market had 142 sales and 276 active listings at the end of the month. The benchmark sale price was $439,500.
In comparison, townhome sales were 25, active listings were 65 and the benchmark sale price was $593,500
It’s a seller’s market in North Surrey.
Surrey – Central
In the Surrey – Central market, there were 131 sales of detached homes and 584 active listings at the end of the month. The benchmark sale price was $1,051,000.
In comparison, the condo market had 39 sales, 72 active listings, and the benchmark sale price was $466,500
Townhome market featured 103 sales, 268 active listings and a $592,600 benchmark sale price.
It’s a seller’s market for Condos and Townhomes.
White Rock/South Surrey
There were 63 sales, 682 active listings, and a $1,487,000 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 88 sales, 204 active listings and a benchmark sale price of $523,300 at the end of the month.
In comparison, townhome sales were 74, active listings were 219 and the benchmark sale price was $690,700.
It’s a seller’s market for condos and townhomes.
Cloverdale
Langley
In the Langley market, the benchmark sale price was $1,069,300 for detached homes. At the end of the month, there were 394 active listings and 103 sales.
The condo market had 96 sales and 160 active listings. The benchmark sale price was $454,000.
Townhomes featured 84 sales, 175 active listings and a $529,100 benchmark sale price.
It’s a seller’s market in Langley for all product types.
Abbotsford
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.
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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
