Fraser Valley Real Estate Market – October 2024 Update
Welcome to the October 2024 Fraser Valley Real Estate Market update. Staying informed about trends in the Fraser Valley real estate market helps both buyers and sellers make confident decisions. Below, you’ll find a breakdown of market conditions across Surrey, South Surrey White Rock, Langley, Abbotsford, and Mission.
Surrey Real Estate Market – October 2024
Detached Properties in Surrey
The Surrey real estate market for detached properties presents a balanced outlook this month. The 12% sales ratio indicates moderate activity, and homes tend to sell around 4% below list price. Sellers see the most activity in the $1M–$1.25M range. Buyers can explore opportunities in Queen Mary Park and Whalley for homes priced between $2M and $2.25M. In Fraser Heights and Royal Heights, sellers with 3–4 bedroom properties find strong demand.
Attached Properties in Surrey
The attached property market in Surrey also remains balanced, with a 16% sales ratio and homes typically selling 1% below list price. The most active price range is $300,000–$400,000, favoring sellers. Buyers can consider options in Bear Creek Green Timbers for properties priced between $200,000 and $300,000, while sellers with 2-bedroom homes in Fleetwood Tynehead and Guildford benefit from strong demand.
South Surrey White Rock Real Estate Market – October 2024
Detached Properties in South Surrey White Rock
The South Surrey White Rock real estate market for detached properties shows balance, with a 13% sales ratio and properties selling about 4% below list price. Sellers benefit most in the $1.25M–$1.5M range. Buyers might find opportunities in White Rock and Elgin Chantrell for homes between $3.5M and $4M, while sellers can list larger properties in Pacific Douglas to meet demand.
Attached Properties in South Surrey White Rock
The attached market in South Surrey White Rock favors sellers, with a 22% sales ratio and homes generally selling around 1% below list price. Properties in the $700,000–$800,000 range attract high demand. Sellers with 4-bedroom homes in King George Corridor experience strong interest, while buyers looking for options in White Rock may find suitable listings.
Langley Real Estate Market – October 2024
Detached Properties in Langley
The Langley real estate market for detached properties remains balanced, with a 19% sales ratio and homes often selling at list price. Most activity appears in the $1M–$1.25M range, favoring sellers. Buyers seeking larger properties should consider options in Murrayville, while sellers in Aldergrove with 3- to 4-bedroom homes have an advantage.
Attached Properties in Langley
The attached property market in Langley continues to favor sellers, holding a 28% sales ratio. Homes usually sell around 3% below list price. Properties in the $900,000–$1M range show high activity, creating a favorable market for sellers. Buyers might explore Langley City for properties priced between $1.25M and $1.5M, while sellers with 3-bedroom units in Walnut Grove experience strong demand.
Abbotsford Real Estate Market – October 2024
Detached Properties in Abbotsford
The Abbotsford real estate market for detached properties reflects balance, with a 19% sales ratio and homes generally selling around 2% below list price. The $800,000–$900,000 range attracts the highest activity. Buyers can explore opportunities in Abbotsford West for homes priced between $1.75M and $2M. Sellers in Abbotsford East find demand strong for smaller homes.
Attached Properties in Abbotsford
The attached market in Abbotsford remains favorable to sellers, showing a 22% sales ratio and homes generally selling at list price. Properties in the $200,000–$300,000 range see significant demand. Sellers in Central Abbotsford find high interest, while buyers looking for 3-bedroom units may explore Poplar.
Mission Real Estate Market – October 2024
Detached Properties in Mission
The Mission detached property market stays balanced with an 18% sales ratio, and properties generally sell around 3% below list price. Sellers in the $900,000–$1M range benefit most, while buyers seeking homes between $1.75M and $2M might consider options in Mission West.
Attached Properties in Mission
The attached property market in Mission currently leans toward buyers, with a 10% sales ratio. The majority of sales occur within the $300,000–$500,000 range, where sellers see high demand. Buyers looking for 2- to 3-bedroom properties may find good deals, while sellers with 1-bedroom homes continue to attract interest.
Connect with Jared Gibbons
To stay updated and receive expert guidance on the Fraser Valley Real Estate Market, contact Jared Gibbons, your local real estate expert. Jared provides insights into market trends to help buyers and sellers achieve their goals. Visit Jared Gibbons’ website or reach out via email at jaredgibbons@royallepage.ca for more information.