Welcome to our detailed exploration of the Fraser Valley’s real estate scene, spotlighting April 2024 statistics to illuminate present market trends. Whether you’re considering buying or selling, staying informed about the evolving dynamics in both detached and attached property markets across the Fraser Valley is crucial for making well-informed decisions.
Surrey
Detached Properties
In Surrey’s detached property market, current indicators suggest a balanced landscape with a 14% sales ratio on average, translating to approximately 1.4 in 10 homes sold. Homes are selling, on average, 1% above their list prices. The most active price band, ranging from $1 million to $1.25 million, showcases a seller’s advantage with an average 44% sales ratio. For buyers seeking optimal opportunities, homes priced between $2.25 million to $2.75 million in areas like Bear Creek and West Newton, particularly those with a minimum of 7 bedrooms, present favorable prospects. Conversely, sellers may find success focusing on areas such as Royal Heights and Sullivan Station, especially with properties boasting up to 4 bedrooms.
Attached Properties
In Surrey’s attached property market, current indicators suggest a seller’s market with a 23% sales ratio on average, indicating approximately 2.3 in 10 homes sold. Homes are selling, on average, 1% below their list prices. The most active price band, ranging from $200,000 to $300,000, showcases a seller’s advantage with an average 58% sales ratio. For buyers seeking optimal opportunities, homes priced between $700,000 to $800,000 in areas like Panorama Ridge, Queen Mary Park, and Whalley, particularly those with up to 1 bedroom, present favorable prospects. Conversely, sellers may find success focusing on areas such as East Newton, Fleetwood Tynehead, and Guildford, especially with properties boasting a minimum of 4 bedrooms.
South Surrey White Rock
Detached Properties
In South Surrey White Rock’s detached property market, current indicators suggest a balanced landscape with a 13% sales ratio on average, indicating approximately 1.3 in 10 homes sold. Homes are selling, on average, 1% below their list prices. The most active price band, ranging from $2 million to $2.25 million, showcases a seller’s advantage with an average 33% sales ratio. For buyers seeking optimal opportunities, homes priced between $2.75 million to $3 million in White Rock, particularly those with a minimum of 7 bedrooms, present favorable prospects. Conversely, sellers may find success focusing on areas such as King George Corridor and Sunnyside Park, especially with properties boasting up to 6 bedrooms.
Attached Properties
In South Surrey White Rock’s attached property market, current indicators suggest a seller’s market with a 37% sales ratio on average, indicating approximately 3.7 in 10 homes sold. Homes are selling, on average, 1% below their list prices. The most active price band, ranging from $400,000 to $500,000, showcases a seller’s advantage with an average 80% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.5 million to $1.75 million in areas like Elgin Chantrell and Pacific Douglas, particularly those with 3 bedrooms, present favorable prospects. Conversely, sellers may find success focusing on areas such as Morgan Creek and Sunnyside Park, especially with properties boasting up to 1 bedroom.
North Delta
Detached Properties
In North Delta’s detached property market, current indicators suggest a balanced landscape with a 19% sales ratio on average, indicating approximately 1.9 in 10 homes sold. Homes are selling, on average, 100% of their list prices. The most active price band, ranging from $1.25 million to $1.5 million, showcases a seller’s advantage with an average 30% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.75 million to $2 million in areas like Scottsdale, particularly those with 5 to 6 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Sunshine Hills Woods, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In North Delta’s attached property market, current indicators suggest a balanced landscape with a 20% sales ratio on average, indicating approximately 2 in 10 homes sold. Homes are selling, on average, 3% below their list prices. While there is insufficient data on the most active price band, there are four sales price bands ranging from $600,000 to $700,000. For buyers seeking optimal opportunities, homes priced between $500,000 to $600,000 in areas like Annieville, particularly those with 3 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Nordel, especially with properties boasting 2 bedrooms.
Cloverdale
Detached Properties
In Cloverdale’s detached property market, current indicators suggest a seller’s market with a 28% sales ratio on average, indicating approximately 2.8 in 10 homes sold. Homes are selling, on average, 1% below their list prices. The most active price band, ranging from $1.25 million to $1.5 million, showcases a seller’s advantage with an average 50% sales ratio. For buyers seeking optimal opportunities, homes priced between $2 million to $2.25 million in Cloverdale, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Clayton, especially with properties boasting 3 to 6 bedrooms.
Attached Properties
In Cloverdale’s attached property market, current indicators suggest a seller’s market with a 39% sales ratio on average, indicating approximately 3.9 in 10 homes sold. Homes are selling, on average, 1% above their list prices. The most active price band, ranging from $600,000 to $700,000, showcases a seller’s advantage with an average 73% sales ratio. For buyers seeking optimal opportunities, homes priced between $900,000 to $1.25 million in Clayton, particularly those with 3 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Cloverdale, especially with properties boasting 2 bedrooms.
Langley
Detached Properties
In Langley’s detached property market, current indicators suggest a seller’s market with a 26% sales ratio on average, indicating approximately 2.6 in 10 homes sold. Homes are selling, on average, 2% below their list prices. The most active price band, ranging from $1 million to $1.25 million, showcases a seller’s advantage with an average 61% sales ratio. For buyers seeking optimal opportunities, homes priced between $2.75 million to $3 million in areas like Brookswood and Fort Langley, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Murrayville, especially with properties boasting 5 to 6 bedrooms.
Attached Properties
In Langley’s attached property market, current indicators suggest a seller’s market with a 39% sales ratio on average, indicating approximately 3.9 in 10 homes sold. Homes are selling, on average, 2% below their list prices. The most active price band, ranging from $600,000 to $700,000, showcases a seller’s advantage with an average 21% sales ratio. For buyers seeking optimal opportunities, homes priced between $800,000 to $900,000 in Langley City, particularly those with up to 2 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Walnut Grove, especially with properties boasting a minimum of 4 bedrooms.
Abbotsford
Detached Properties
In Abbotsford’s detached property market, current indicators suggest a balanced landscape with a 16% sales ratio on average, indicating approximately 1.6 in 10 homes sold. Homes are selling, on average, 1% below their list prices. The most active price band, ranging from $1 million to $1.25 million, showcases a seller’s advantage with an average 32% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.5 million to $1.75 million in Aberdeen, particularly those with up to 2 or a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Abbotsford East and Central Abbotsford, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In Abbotsford’s attached property market, current indicators suggest a seller’s market with a 37% sales ratio on average, indicating approximately 3.7 in 10 homes sold. Homes are selling, on average, 100% of their list prices. The most active price band, ranging from $800,000 to $900,000, showcases a seller’s advantage with an average 39% sales ratio. For buyers seeking optimal opportunities, homes priced between $1 million to $1.25 million in Abbotsford West, particularly those with 2 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Abbotsford East and Poplar, especially with properties boasting 3 bedrooms.
Mission
Detached Properties
In Mission’s detached property market, current indicators suggest a seller’s market with a 22% sales ratio on average, indicating approximately 2.2 in 10 homes sold. Homes are selling, on average, 100% of their list prices. The most active price band, ranging from $800,000 to $900,000, showcases a seller’s advantage with an average 50% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.75 million to $2 million in Mission, particularly those with up to 2 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Hatzic, especially with properties boasting a minimum of 7 bedrooms.
Attached Properties
In Mission’s attached property market, current indicators suggest a seller’s market with a 33% sales ratio on average, indicating approximately 3.3 in 10 homes sold. Homes are selling, on average, 100% of their list prices. The most active price band, ranging from $300,000 to $400,000, showcases a seller’s advantage with an average 60% sales ratio. For buyers seeking optimal opportunities, homes priced between $400,000 to $500,000, particularly those with 2 bedrooms, present attractive prospects. Conversely, sellers may find success focusing on areas such as Mission, especially with properties boasting 3 bedrooms.
Connect with Jared Gibbons, Your Local Realtor
For personalized guidance and expert advice in navigating Fraser Valley’s 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.