Welcome to the September 2023 edition of our Fraser Valley Real Estate Stats blog, your trusted compass in the ever-changing landscape of real estate within this breathtaking region of British Columbia, Canada. As we embark on another month of exploration, our mission remains unwavering: to provide you with invaluable insights and trends that empower both prospective buyers and sellers. Whether you’re on a quest for your dream home, contemplating strategic investments, or simply intrigued by the current pulse of the Fraser Valley real estate market, our comprehensive analysis is your guide. Join us on this journey as we navigate the intricate nuances of the September 2023 Fraser Valley real estate market, offering a wealth of information to facilitate your decision-making process with confidence.
Surrey
Surrey Detached: The market for detached homes in Surrey is currently a buyer’s market, with an 11% sales ratio average (1.1 in 10 homes selling rate). Homes in this category are, on average, selling for 100% of the list price. The most active price band is between $1 million to $1.25 million, with an average 23% sales ratio, indicating a slightly competitive seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $2.75 million to $3 million in East Newton and Queen Mary Park, especially those with up to 2 bedrooms. Sellers are more likely to find success in Fraser Heights, particularly with 3 to 4 bedroom properties.
Surrey Attached: The market for attached homes in Surrey is currently in balance, with a 20% sales ratio average (2 in 10 homes selling rate). Homes in this category are, on average, selling for 100% of the list price. The most active price band is between $1.25 million to $1.5 million, with an average 33% sales ratio, indicating a competitive seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $1 million to $1.25 million in Bear Creek Green Timbers, Panorama Ridge, West Newton, especially those with 4 or more bedrooms. Sellers are more likely to find success in Guildford, particularly with 3 bedrooms’ properties.
White Rock
Surrey White Rock Detached: The market for detached homes in Surrey White Rock is currently in balance, with a 12% sales ratio average (1.2 in 10 homes selling rate). Homes in this category are, on average, selling for 5% below the list price. The most active price band is between $1.25 million to $1.5 million, with an average 26% sales ratio, indicating a competitive seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $2.75 million to $3 million in White Rock, especially those with a minimum of 7 bedrooms. Sellers are more likely to find success in Sunnyside Park, particularly 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 32% sales ratio average (3.2 in 10 homes selling rate). Homes in this category are selling on average for 100% of the list price. The most active price band is between $400,000 to $500,000, with an average sales ratio exceeding 100%, indicating high demand in this price range. For buyers looking for the best opportunities, consider homes between $1.75 million to $2 million in Grandview and White Rock, especially those with 2 bedrooms. Sellers are more likely to find success in Pacific Douglas, particularly with properties offering up to 1 bedroom.
North Delta
North Delta Detached: The market for detached homes in North Delta is currently balanced, with a 17% sales ratio average (1.7 in 10 homes selling rate). Homes in this category are selling on average for 3% below the list price. The most active price band is between $1 million to $1.25 million, with an average 63% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $1.75 million to $2 million in Annieville, especially those with a minimum of 7 bedrooms. Sellers are more likely to find success in Nordel, particularly with properties offering 3 to 4 bedrooms.
North Delta Attached: The market for attached homes in North Delta is currently a seller’s market, with a 28% sales ratio average (2.8 in 10 homes selling rate). Homes in this category are selling on average for 4% below the list price. The most active price band is between $600,000 to $700,000, with an average 33% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $500,000 to $600,000 in Scottsdale and Sunshine Hills Woods, especially those with up to 1 bedroom. Sellers are more likely to find success in Annieville, particularly with properties offering 3 bedrooms.
Cloverdale
Cloverdale Detached: The market for detached homes in Cloverdale is currently balanced, with an 18% sales ratio average (1.8 in 10 homes selling rate). Homes in this category are selling on average for 2% above the list price. The most active price band is between $1.25 million to $1.5 million, with an average 23% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $1.75 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 properties offering 3 to 4 bedrooms.
Cloverdale Attached: The market for attached homes in Cloverdale is currently a seller’s market, with a 49% sales ratio average (4.9 in 10 homes selling rate). Homes in this category are selling on average for 1% below the list price. The most active price band is between $800,000 to $900,000, with an average 59% sales ratio, indicating a strong seller’s market in this price range. For buyers seeking the best opportunities, consider homes between $500,000 to $600,000 in Cloverdale, especially those with a minimum of 4 bedrooms. Sellers are more likely to find success in Clayton, particularly with properties offering 3 bedrooms.
Langley
Langley Detached: The market for detached homes in Langley is currently in a balanced state, with a 19% sales ratio average (1.9 in 10 homes selling rate). Homes in this category are selling on average for 5% below the list price. The most active price band is between $1 million to $1.25 million, with an average 52% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $2.5 million to $2.75 million in Brookswood, especially those with up to 2 bedrooms. Sellers are more likely to find success in Murrayville and Walnut Grove, particularly with properties offering 3 to 6 bedrooms.
Langley Attached: The market for attached homes in Langley is currently a seller’s market, with a 33% sales ratio average (3.3 in 10 homes selling rate). Homes in this category are selling on average for 1% above the list price. The most active price band is between $500,000 to $600,000, with an average 48% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $600,000 to $700,000 in Langley City, especially those with 2 bedrooms. Sellers are more likely to find success in Murrayville and Walnut Grove, particularly with properties offering a minimum of 4 bedrooms.
Abbotsford
Abbotsford Detached: The market for detached homes in Abbotsford is currently in a balanced state, with a 13% sales ratio average (1.3 in 10 homes selling rate). Homes in this category are selling on average for 1% below the list price. The most active price band is between $900,000 to $1 million, with an average 59% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $1.75 million to $2 million in Central Abbotsford, especially those with up to 2 bedrooms. Sellers are more likely to find success in the Poplar area, particularly with 3 to 4 bedroom properties.
Abbotsford Attached: The market for attached homes in Abbotsford is currently a seller’s market, with a 38% sales ratio average (3.8 in 10 homes selling rate). Homes in this category are selling on average for 1% below the list price. The most active price band is between $600,000 to $700,000, with an average 58% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $800,000 to $900,000 in the Poplar area, especially those with a minimum of 4 bedrooms. Sellers are more likely to find success in Abbotsford West and Central Abbotsford, particularly with up to 2 bedroom properties.
Mission
Mission Detached: The market for detached homes in Mission is currently balanced, with a 13% sales ratio average (1.3 in 10 homes selling rate). Homes in this category are selling on average for 6% below the list price. The most active price band is between $700,000 to $800,000, with an average 33% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $1.25 million to $1.5 million in Mission, especially those with a minimum of 7 bedrooms. Sellers are more likely to find success in Hatzic and with 5 to 6 bedroom properties.
Mission Attached: The market for attached homes in Mission is currently a buyer’s market, with an 11% sales ratio average (1.1 in 10 homes selling rate). Homes in this category are selling on average for 4% below the list price. The most active price band is between $400,000 to $500,000, with an average 25% sales ratio, indicating a seller’s market within this price range. For buyers seeking the best opportunities, consider homes between $300,000 to $400,000 in Mission, especially those with up to 1 bedroom. Sellers are more likely to find success in Mission with 2 bedroom properties.
Please contact Jared Gibbons, your local realtor, should you have any questions!