Welcome to our overview of the Fraser Valley Real Estate Market for June 2024. Whether you’re buying or selling, staying informed about the evolving dynamics in both detached and attached property markets across the Fraser Valley is crucial for making informed decisions.
Surrey
Detached Properties
In Surrey, the detached property market is a buyer’s market. The average sales ratio is 11%, meaning about 1.1 out of 10 homes are selling. Homes generally sell at 1% below the list prices. The most active price range is $1 million to $1.25 million, with a robust 61% sales ratio. Buyers should consider homes priced between $2.25 million and $3 million in Fraser Heights, Panorama Ridge, Queen Mary Park, and Royal Heights. Sellers find success with 3 to 4-bedroom properties in Bridgeview.
Attached Properties
Surrey’s attached property market is balanced. The average sales ratio is 17%, meaning about 1.7 out of 10 homes are selling. Homes typically sell at 1% below list prices. The most active price range is $800,000 to $900,000, with a 25% sales ratio. Buyers should look at homes priced between $1 million and $1.25 million in Panorama Ridge, especially for 1-bedroom properties. Sellers do well in East Newton, Fleetwood Tynehead, and Guildford with 2-bedroom properties.
South Surrey White Rock
Detached Properties
The detached property market in South Surrey White Rock is a buyer’s market with an average sales ratio of 10%, meaning about 1 out of 10 homes are selling. Homes typically sell at 3% below list prices. The most active price range is $1.25 million to $1.5 million, with a 24% sales ratio. Buyers should consider homes priced between $1.75 million and $2 million or $2.25 million and $2.75 million in Elgin Chantrell, Pacific Douglas, and White Rock. Sellers find success in Crescent Beach, Grandview, and Morgan Creek with 3 to 4-bedroom properties.
Attached Properties
In South Surrey White Rock, the attached property market is a seller’s market with an average sales ratio of 25%, meaning about 2.5 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $400,000 to $600,000, with a 48% sales ratio. Buyers should look at homes priced between $1.5 million and $1.75 million in Grandview, Pacific Douglas, and White Rock, especially for properties with a minimum of 4 bedrooms. Sellers do well in Elgin Chantrell, Sunnyside Park, with up to 2-bedroom properties.
North Delta
Detached Properties
North Delta’s detached property market is balanced with an average sales ratio of 19%, meaning about 1.9 out of 10 homes are selling. Homes generally sell at 3% below list prices. The most active price range is $1.25 million to $1.5 million, with a 29% sales ratio. Buyers should consider homes priced between $1.75 million and $2 million in Scottsdale, especially for properties with a minimum of 7 bedrooms. Sellers find success in Sunshine Hills Woods with 3 to 4-bedroom properties.
Attached Properties
The attached property market in North Delta is balanced with an average sales ratio of 17%, meaning about 1.7 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $500,000 to $600,000, with a 27% sales ratio. Buyers should look at homes priced between $400,000 and $500,000 in Nordel, especially for 2-bedroom properties. Sellers do well in Annieville with 3-bedroom properties.
Cloverdale
Detached Properties
Cloverdale’s detached property market is a seller’s market with an average sales ratio of 27%, meaning about 2.7 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $1.25 million to $1.5 million, with an impressive 57% sales ratio. Buyers should look at homes priced between $2.25 million and $2.5 million in Cloverdale, especially for properties with a minimum of 7 bedrooms. Sellers do well in Clayton with 3 to 4-bedroom properties.
Attached Properties
In Cloverdale, the attached property market is a strong seller’s market with an average sales ratio of 41%, meaning about 4.1 out of 10 homes are selling. Homes generally sell at 1% below list prices. The most active price range is $800,000 to $900,000, with a 61% sales ratio. Buyers should look at homes priced between $600,000 and $700,000 in Clayton, particularly for properties with up to 1 bedroom. Sellers do well in Cloverdale with a minimum of 4-bedroom properties.
Langley
Detached Properties
Langley’s detached property market is a seller’s market with an average sales ratio of 22%, meaning about 2.2 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $1 million to $1.25 million, with an impressive 90% sales ratio. Buyers should look at homes priced between $2.75 million and $3 million in Campbell Valley, Langley City, Salmon River, and Willoughby Heights. Sellers do well in Fort Langley, Walnut Grove, with 3 to 4-bedroom properties.
Attached Properties
In Langley, the attached property market is a seller’s market with an average sales ratio of 31%, meaning about 3.1 out of 10 homes are selling. Homes generally sell at 1% below list prices. The most active price range is $700,000 to $800,000, with a 42% sales ratio. Buyers should look at homes priced between $1.25 million and $1.5 million in Langley City, Murrayville, particularly for properties with a minimum of 4 bedrooms. Sellers do well in Walnut Grove with 2-bedroom properties.
Abbotsford
Detached Properties
Abbotsford’s detached property market is balanced with an average sales ratio of 17%, meaning about 1.7 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $900,000 to $1 million, with an average sales ratio of 36%. Buyers should look at homes priced between $1.5 million and $1.75 million in Aberdeen and Poplar, particularly for properties with a minimum of 7 bedrooms. Sellers do well in Abbotsford East with 3 to 4-bedroom properties.
Attached Properties
In Abbotsford, the attached property market is a seller’s market with an average sales ratio of 26%, meaning about 2.6 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $700,000 to $800,000, with a 39% sales ratio. Buyers should look at homes priced between $200,000 and $300,000 in Central Abbotsford, particularly for properties with a minimum of 4 bedrooms. Sellers do well in Abbotsford East with up to 1-bedroom properties.
Mission
Detached Properties
Mission’s detached property market is balanced with an average sales ratio of 15%, meaning about 1.5 out of 10 homes are selling. Homes generally sell at 2% below list prices. The most active price range is $800,000 to $900,000, with a strong 59% sales ratio. Buyers should look at homes priced between $1.25 million and $1.5 million in Hatzic and Mission, particularly for properties with a minimum of 5 bedrooms. Sellers do well in Lake Errock with up to 4-bedroom properties.
Attached Properties
In Mission, the attached property market is balanced with an average sales ratio of 19%, meaning about 1.9 out of 10 homes are selling. Homes generally sell at 5% below list prices. The most active price range is $300,000 to $400,000, with a strong 56% sales ratio. Buyers should look at homes priced between $600,000 and $700,000 with 2-bedroom properties. Sellers do well in Mission with 3-bedroom properties.
Connect with Jared Gibbons, Your Local Realtor
For personalized guidance and expert advice in navigating the Fraser Valley Real Estate Market, Jared Gibbons, your trusted local realtor, is here to assist you. With a deep understanding of the region’s nuances and a commitment to client satisfaction, Jared provides invaluable support throughout your real estate journey.