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 April 2019.
In the North Delta market, the benchmark sale price was $902,600 for detached homes. At the end of the month, there were 185 active listings and 30 sales.
The condo market had 12 sales and 41 active listings. The benchmark sale price was $392,600.
Townhomes featured 5 sales, 28 active listings and a $593,100 benchmark sale price.
It’s a seller’s market for condos.
In April 2019, there were 54 sales of detached homes and 358 active listings in North Surrey. The benchmark sale price was $948,400.
The condo market had 86 sales and 458 active listings at the end of the month. The benchmark sale price was $408,200.
In comparison, townhome sales were 15, active listings were 89 and the benchmark sale price was $559,800.
It’s a buyer’s market for homes.
Surrey – Central
In the Surrey – Central market, there were 90 sales of detached homes and 533 active listings at the end of the month. The benchmark sale price was $1,003,700.
In comparison, the condo market had 34 sales, 133 active listings, and the benchmark sale price was $423,600.
Townhome market featured 104 sales, 343 active listings and a $560,300 benchmark sale price.
It’s a seller’s market for condos and townhomes.
White Rock/South Surrey
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 email@example.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