Fraser Valley Real Estate Market: For February Update it’s time to dive into the latest insights and trends shaping the Fraser Valley real estate market. Whether you’re a prospective buyer, seller, or simply intrigued by the dynamic housing landscape, join us on a journey through the numbers and narratives of February’s real estate scene. Discover what’s driving the market, where opportunities lie, and gain valuable perspectives to navigate this ever-evolving landscape in one of Canada’s most sought-after regions. Welcome to our comprehensive analysis of the Fraser Valley Real Estate Market for February.
Langley
- Langley Detached: The market for detached homes in Langley is currently a strong seller’s market with a 27% sales ratio (2.7 in 10 homes selling). On average, homes in this category are selling for 100% of the list price. The most active price range falls between $1 million to $1.25 million, with an average 48% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favorable opportunities, consider homes priced between $1.75 million to $2 million in Salmon River, especially those with a minimum of 5 bedrooms. Sellers are more likely to find success in Brookswood, particularly with 3 to 4 bedroom properties.
- Langley Attached: The market for attached homes in Langley is currently a strong seller’s market with a 30% sales ratio (3 in 10 homes selling). On average, homes in this category are selling for 1% below the list price. The most active price range falls between $700,000 to $800,000, with an average 60% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favorable opportunities, consider homes priced between $1 million to $1.25 million in Langley City, particularly those with up to 1 bedroom. Sellers are likely to find success in Murrayville and Walnut Grove, especially with 3 bedroom properties.
Cloverdale
- Cloverdale Detached: The market for detached homes in Cloverdale is currently a strong seller’s market with a 32% sales ratio (3.2 in 10 homes selling). On average, homes in this category are selling for 3% below the list price. The most active price range falls between $1 million to $1.25 million, with an average 91% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favorable opportunities, consider homes priced between $1.5 million to $2 million in Cloverdale, especially those with a minimum of 7 bedrooms. Sellers are more likely to find success in Clayton, particularly with 3 to 4 bedroom properties.
- Cloverdale Attached: The market for attached homes in Cloverdale is currently a strong seller’s market with a 56% sales ratio (5.6 in 10 homes selling). On average, homes in this category are selling for 1% below the list price. The most active price range falls between $700,000 to $800,000, with an average 74% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favorable opportunities, consider homes priced between $900,000 to $1 million in Cloverdale, particularly those with up to 1 bedroom. Sellers are more likely to find success in Clayton, especially with properties having a minimum of 2 bedrooms.
Surrey
- Surrey Attached: The market for attached homes in Surrey is currently a strong seller’s market with a 28% sales ratio (2.8 in 10 homes selling). On average, homes in this category are selling for 100% of the list price. The most active price range falls between $400,000 to $500,000, with an average 46% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favorable opportunities, consider homes priced between $1 million to $1.25 million in Panorama Ridge, particularly those with a minimum of 4 bedrooms. Sellers are likely to find success in Bear Creek Green Timbers and Guildford, especially with 2 bedroom properties.
- Surrey White Rock Detached: The market for detached homes in Surrey White Rock is currently in a balanced state with an 18% sales ratio (1.8 in 10 homes selling). On average, homes in this category are selling for 100% of the list price. The most active price range falls between $1.25 million to $1.5 million, with an average 57% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favorable opportunities, consider homes priced between $2.5 million to $3 million and $3.5 million to $4 million in Elgin Chantrell and White Rock, especially those with up to 2 bedrooms. Sellers are more likely to find success in Morgan Creek, particularly with 3 to 4 bedroom properties.
Abbotsford
- Abbotsford Detached: The market for detached homes in Abbotsford is currently in a balanced state with a 19% sales ratio (1.9 in 10 homes selling). On average, homes in this category are selling for 2% below the list price. The most active price range falls between $800,000 to $900,000, with an average 88% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favourable opportunities, explore homes priced between $1.25 million to $1.5 million in Poplar, especially those with up to 2 bedrooms. Sellers are more likely to find success in Abbotsford West, particularly with 3 to 4-bedroom properties.
- Abbotsford Attached: The market for attached homes in Abbotsford is currently a strong seller’s market with a 29% sales ratio (2.9 in 10 homes selling). On average, homes in this category are selling for 4% below the list price. The most active price range falls between $200,000 to $300,000, with an average 50% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favourable opportunities, consider homes priced between $800,000 to $900,000 in Central Abbotsford, particularly 3-bedroom properties. Sellers are likely to find success in Poplar, especially with properties having up to 1 bedroom.
Mission
- Mission Detached: The market for detached homes in Mission is currently in a balanced state with an 18% sales ratio (1.8 in 10 homes selling). On average, homes in this category are selling for 3% below the list price. The most active price range falls between $700,000 to $800,000, with an average 44% sales ratio, indicating it’s a seller’s market within this price range. For buyers seeking favourable opportunities, focus on homes priced between $1.25 million to $1.5 million in Hatzic, particularly those with 5 to 6 bedrooms. Sellers are more likely to find success in Mission, especially with 3 to 4-bedroom properties.
- Mission Attached: The market for attached homes in Mission is currently a seller’s market with a 24% sales ratio (2.4 in 10 homes selling). On average, homes in this category are selling for 100% of the list price. The most active price range falls between $500,000 to $700,000, with an average 38% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favourable opportunities, focus on homes priced between $400,000 to $500,000, particularly 2-bedroom properties. Sellers are likely to find success in Mission, especially with 3-bedroom properties.
South Surrey / White Rock
- Surrey White Rock Detached: The market for detached homes in Surrey White Rock is currently in a balanced state with an 18% sales ratio (1.8 in 10 homes selling). On average, homes in this category are selling for 100% of the list price. The most active price range falls between $1.25 million to $1.5 million, with an average 57% sales ratio, indicating it’s a seller’s market within this price range. For buyers seeking favourable opportunities, focus on homes priced between $2.5 million to $3 million and $3.5 million to $4 million in Elgin Chantrell and White Rock, particularly those with up to 2 bedrooms. Sellers are more likely to find success in Morgan Creek, especially with 3 to 4-bedroom properties.
- Surrey White Rock Attached: The market for attached homes in Surrey White Rock is currently a seller’s market with a 35% sales ratio (3.5 in 10 homes selling). On average, homes in this category are selling for 4% below the list price. The most active price range is between $700,000 to $800,000, with an average 67% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favourable opportunities, consider homes priced between $1 million to $1.25 million in Morgan Creek, particularly those with a minimum of 4 bedrooms. Sellers are likely to find success in Crescent Beach, Elgin Chantrell, King George Corridor, and Sunnyside Park, especially with 3-bedroom properties.
Delta
- North Delta Detached: The market for detached homes in North Delta is currently a seller’s market with a 24% sales ratio (2.4 in 10 homes selling). On average, homes in this category are selling for 2% below the list price. The most active price range falls between $1.25 million to $1.5 million, with an average 31% sales ratio, indicating it’s a seller’s market within this price range. For buyers seeking favourable opportunities, consider homes priced between $2.25 million to $2.5 million in Annieville, Scottsdale, particularly those with a minimum of 7 bedrooms. Sellers are more likely to find success in Nordel, Sunshine Hills Woods, especially with 3 to 6 bedroom properties.
- North Delta Attached: Attached homes in North Delta is currently a seller’s market with a 25% sales ratio (2.5 in 10 homes selling). On average, homes in this category are selling for 3% above the list price. The most active price range is between $700,000 to $800,000, with an average 50% sales ratio, indicating it’s a robust seller’s market within this price range. For buyers seeking favourable opportunities, consider homes priced between $500,000 to $600,000 in Annieville, particularly those with 2 bedrooms. Sellers are likely to find success in Scottsdale, especially with 3-bedroom properties.
Please contact Jared Gibbons, your local realtor, should you have any questions!