Fraser Valley

S SURREY WHITE ROCK

APRIL 2024

Price Band & Bedroom DETACHED HOUSES

Community DETACHED HOUSES

SnapStats® $0 - 700,000

Inventory

Sales

Sales Ratio

SnapStats®

Inventory

Sales

Sales Ratio

0 0 0 0

0 0 0 0 2 9 2 3 1 2 0 3 0 0 1 0 0 0

NA NA NA NA

Crescent Beach Ocean Park

69 49 49 61 30 31 52 3

10

14% 10% 14% 33% 16% 13% 13% 17%

700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

Elgin Chantrell

5 7 1 4 4 9 8

Grandview Hazelmere

1,000,001 – 1,250,000 4 1,250,001 – 1,500,000 37 1,500,001 – 1,750,000 63 1,750,001 – 2,000,000 87 2,000,001 – 2,250,000 39 2,250,001 – 2,500,000 43 2,500,001 – 2,750,000 29 2,750,001 – 3,000,000 29 3,000,001 – 3,500,000 46 3,500,001 – 4,000,000 32 4,000,001 – 4,500,000 10 4,500,001 – 5,000,000 10 5,000,001 – 5,500,000 4 5,500,001 - 6,000,000 9 6,000,001 - 6,500,000 4 6,500,001 - 7,000,000 2

50% 24% 17% 13% 33%

King George Corridor

10

Morgan Creek Pacific Douglas Sunnyside Park

11 11 13

White Rock

111 455

7%

5%

TOTAL*

58

13%

10%

3% 4%

NA

30%

NA NA NA NA NA

11%

7,000,001 & Greater

7

TOTAL*

455

58

13%

2 Bedrooms & Less 3 to 4 Bedrooms 5 to 6 Bedrooms 7 Bedrooms & More

24

3

13% 14% 13%

209 165

29 21

57

5

9%

TOTAL*

455

58

13%

SnapStats®

March

April 455

Variance

Inventory

348

31% -12%

Solds

66

58

Sale Price

$1,743,000 $1,905,000 9%

Sale Price SQFT

$620 97%

$634 99%

2% 2%

Sale to List Price Ratio

Days on Market

10

13

30%

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator S SURREY WHITE ROCK DETACHED : Balanced Market at 13% Sales Ratio average (1.3 in 10 homes selling rate) • Homes are selling on average 1% below list price • Most Active Price Band** $2 mil to $2.25 mil with average 33% Sales Ratio (Sellers market)

• Buyers Best Bet** Homes between $2.75 mil to $3 mil, White Rock and minimum 7 bedroom properties • Sellers Best Bet** Selling homes in King George Corridor, Sunnyside Park and up to 6 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$1,975,000 $1,940,000

$1,940,000 $1,900,000

$1,905,000

13 Month Market Trend

$1,845,000

$1,807,500 $1,743,000

$1,795,000 $1,742,857

$1,748,452

$1,683,500

$1,604,000

455

424

407

406

390

363

356

350

348

308

298

260

242

87

81

80

66

59

58

56

49

46

43

41

35

34

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on May 1, 2024 from the Fraser Valley Real Estate Board MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.