Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and, sales in June 2019.
In the Abbotsford market, the benchmark sale price was $807,700 for detached homes. At the end of the month, there were 517 active listings and 83 sales.
The condo market had 82 sales and 306 active listings. The benchmark sale price was $312,500.
Townhomes featured 42 sales, 234 active listings and a $380,100 benchmark sale price.
It’s a seller’s market for condos in Abbotsford.
In the Mission market, there were 46 sales of detached homes and 237 active listings at the end of the month. The benchmark sale price was $654,600.
In comparison, the condo market had 6 sales, 16 active listings, and the benchmark sale price was $351,300.
Townhome market featured 12 sales, 31 active listings and a $438,800 benchmark sale price.
It’s a seller’s market for condos and townhomes in Mission.
There were 41 sales, 363 active listings, and a $932,400 benchmark sale price for detached homes in the North Surrey market.
The condo market featured 69 sales, 435 active listings and a benchmark sale price of $392,700 at the end of the month.
In comparison, townhome sales were 17, active listings were 89 and the benchmark sale price was $554,500.
It’s a buyer’s market for homes and condos in North Surrey.
White Rock/South Surrey
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