White Rock - South Surrey Real Estate Market Reports and Forecasts

South Surrey White Rock Market Update
Morgan Creek, Morgan Heights, Rosemary Heights, Elgin, Chantrell, White Rock, Grandview Surrey,  King George Corridor, Pacific Douglas,and all the sub-areas of White Rock and South Surrey Real Estate Market Update Report.

Current:  White Rock South Surrey is in a Seller's Market with average listing inventories,18 %SOLD rates and a 97% Sell/List Ratio. 
                  (This means that there is an average of a $48,888 discount on a sale from the original list price)

Most Active Range:  Homes below $1.5 mill. have 42.4 %SOLD rate. 
Least Active Range: Homes above $6 mill.have 0.0 %SOLD rate.

History: The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $392,437.
               The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $155,237
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: White Rock South Surrey has average Listing supply; 352 homes are for sale and with the 19 %SOLD monthly rate gives us a ~5 months of inventory. 9% of the active listings have reduced their price by $80,056 on average or $100,000 median for the last month. We project White Rock South Surrey to be a continued Stable  market.

Greater Vancouver April 2023:

In April, the Greater Vancouver Single-Family Homes increased by a  monthly average price of $11,259. This is the 3rd consecutive monthly price increase.  Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing. 

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

Fraser Valley April 2023:

The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices.  Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing. 

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

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