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 2019.
In the North Delta market, the benchmark sale price was $892,300 for detached homes. At the end of the month, there were 225 active listings and 34 sales.
The condo market had 12 sales and 39 active listings. The benchmark sale price was $381,900.
Townhomes featured 7 sales, 30 active listings and a $589,400 benchmark sale price.
It’s a seller’s market for condos.
White Rock/South Surrey
There were 71 sales, 715 active listings, and a $1,363,400 benchmark sale price for detached homes in the White Rock/South Surrey market.
The condo market featured 60 sales, 352 active listings and a benchmark sale price of $499,100 at the end of the month.
In comparison, townhomes sales were 70, active listings were 270 and the benchmark sale price was $650,200.
It’s a buyer’s market for homes.
In the Langley market, there were 87 sales of detached homes and 439 active listings at the end of the month. The benchmark sale price was $988,700.
In comparison, the condo market had 81 sales, 322 active listings, and the benchmark sale price was $418,100.
Townhomes market featured 85 sales, 276 active listings and a $497,900 benchmark sale price.
It’s a seller’s market for condos and townhomes.
Surrey – Central
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