Welcome to the Fraser Valley Real Estate Update for November 2024. Staying informed about trends in the Fraser Valley housing market helps both buyers and sellers make confident decisions. Below, you’ll find insights into market conditions across Surrey, South Surrey White Rock, Langley, Abbotsford, and Mission.
Fraser Valley Real Estate Update: Surrey Market Trends for November 2024
Detached Properties in Surrey
The Surrey real estate market for detached properties remains balanced, with a 12% sales ratio. Homes are selling about 2% below the list price, and the most active price range is $1M–$1.25M. Buyers can explore opportunities in Queen Mary Park and Bolivar Heights for properties priced between $2M and $2.25M. Fraser Heights and Sullivan Station show high demand for 3–4-bedroom homes.
Attached Properties in Surrey
The attached market in Surrey also remains balanced, with a 14% sales ratio. Homes typically sell 2% below the list price. Sellers in Fleetwood Tynehead and Guildford benefit from high demand for 2-bedroom properties, while buyers may find opportunities in Bear Creek Green Timbers and Panorama Ridge in the $300,000–$400,000 range.
South Surrey White Rock Housing Trends – Fraser Valley November 2024 Update
Detached Properties in South Surrey White Rock
This market shows balance, with a 13% sales ratio and properties selling about 2% below the list price. Sellers benefit most in the $1.25M–$1.5M range. Buyers might find opportunities in Elgin Chantrell and White Rock for homes priced between $3.5M and $4M, while sellers in Pacific Douglas experience strong demand.
Attached Properties in South Surrey White Rock
The attached market slightly favors sellers, with a 16% sales ratio. Properties in the $500,000–$600,000 range attract the most demand. Sellers with 2-bedroom properties in Morgan Creek benefit, while buyers can explore King George Corridor for promising listings.
Langley Real Estate: Key Insights from the Fraser Valley Market Update
Detached Properties in Langley
Langley’s detached property market remains balanced with a 16% sales ratio. The most active price range is $1M–$1.25M, favoring sellers. Buyers interested in larger homes can explore Fort Langley and Murrayville, while sellers with 3–4-bedroom properties in Aldergrove see strong demand.
Attached Properties in Langley
The attached property market favors sellers, showing a 23% sales ratio. Properties in the $600,000–$700,000 range are in high demand. Sellers in Walnut Grove and Murrayville benefit from strong interest in 2–3-bedroom units, while buyers can find opportunities in Langley City.
Abbotsford Housing Market Update – Fraser Valley November Trends
Detached Properties in Abbotsford
The detached property market in Abbotsford remains balanced with a 19% sales ratio. Properties in the $1M–$1.25M range see the highest activity. Buyers may explore Aberdeen and Central Abbotsford, while sellers in Abbotsford East find strong demand for 3–4-bedroom homes.
Attached Properties in Abbotsford
The attached property market favors sellers, with a 23% sales ratio. Properties in the $200,000–$300,000 range show the most activity. Sellers in Central Abbotsford with 1-bedroom homes experience strong interest, while buyers can explore opportunities in Poplar.
Mission Real Estate Overview: Fraser Valley Update for November 2024
Detached Properties in Mission
Mission’s detached property market is balanced, with a 13% sales ratio. Properties in the $700,000–$800,000 range attract the most activity. Buyers might consider options in Hatzic, while sellers with 5–6-bedroom homes see strong demand in Mission West.
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Attached Properties in Mission
The attached market in Mission remains balanced, with a 19% sales ratio. Properties in the $400,000–$500,000 range attract the most demand. Sellers with 3-bedroom units experience significant interest, while buyers can find good options in Mission West.
Stay Informed with Jared Gibbons
For expert guidance on the Fraser Valley Real Estate Update, contact Jared Gibbons, your trusted local real estate advisor. Whether you’re buying or selling, Jared provides valuable insights to help you achieve your real estate goals. Visit jaredgibbons.ca or email jaredgibbons@royallepage.ca for more information.