The South Surrey, Morgan Creek, White Rock Housing Market Trends 

 


  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.

What are South Surrey White Rock's Best and Worst Investments?

Archive Peak to Date Price Changes

Sept 1, 2021

gas gauge

Current:  White Rock South Surrey is in a Seller Market with average listing inventories, 20 %SOLD rates and a 98% Sell/List Ratio. 
                  (This means that  there is an average of a $23,000 discount on a sale from the original list price)

Most Active Range:  Homes between $1.29 mill. - $1.395 mill. have 60.0 %SOLD rate. 
Least Active Range: Homes above $3.25 mill. have 4.1 %SOLD rate.

History: The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $456,019.
               The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $311,866.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: White Rock South Surrey has average Listing supply; 414 homes are for sale and with the 20 %SOLD monthly rate gives us a ~5 months of inventory. 5% of the active listings have reduced their price by $141,636 on average or $65,500 median for the last month. We project White Rock South Surrey to be a continued Seller market.

The Real Estate bubble burst is over! The Vancouver Market just rebounded from the $17,304 drop in July to a $9,115 INCREASE in August. That is a 77% of Single-Family Home Markets just went up! Why did this turn around? Although the number of sales is normal, we now have the lowest listing inventory since 2011. This lack of listings is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold.  This is the largest August price increase we've seen in the last 11years. This Strong Sellers’ market  is a combination of high buyer demand and one of the lowest listing inventories since 2011. 

Meanwhile, here in the Fraser Valley 89% of the home market increasing by an average of $29,258. This is the largest August price increase we've seen in the last 11years. This Strong Sellers’ market is a combination of high buyer demand and one of the lowest listing inventories since 2011. This lack of listings is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold. We are forecasting that the majority of the Metro Vancouver and Fraser Valley Markets will continue to be a Seller's Market in the coming months.

Currently, Condos are now in a Seller's Market with 63% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $3,264 on average. On the other hand, 68% Townhouse Markets (16 out of 28) prices increased $5,149 on average. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.


   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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We thank Stewart Peddemors for his support of these South Surrey White Rock Real Estate Market Updates which include sub-areas such as Elgin Chantrell, White Rock, King George Corridor, Pacific Douglas, Grandview Surrey etc. Contact Stewart as the Local Expert..... more details.

The sub areas White Rock, Grandview Surrey, King George Corridor, Pacific Douglas, Elgin Chantrell etc. sub areas of White Rock South Surrey

The sub areas White Rock, Grandview Surrey, King George Corridor, Pacific Douglas, Elgin Chantrell etc. sub areas of White Rock South Surrey

The sub areas White Rock, Grandview Surrey, King George Corridor, Pacific Douglas, Elgin Chantrell etc. sub areas of White Rock South Surrey

The sub areas White Rock, Grandview Surrey, King George Corridor, Pacific Douglas, Elgin Chantrell etc. sub areas of White Rock South Surrey

Download the full White Rock South Surrey.Marketupdatereport.PDF

South Surrey White Rock Real Estate Market update includes the sub areas Pacific Douglas, Elgin Chantrell, White Rock, Grandview Surrey, King George Corridor etc.

South Surrey White Rock Real Estate Market update includes the sub areas Pacific Douglas, Elgin Chantrell, White Rock, Grandview Surrey, King George Corridor etc.

South Surrey White Rock Real Estate Market update includes the sub areas Pacific Douglas, Elgin Chantrell, White Rock, Grandview Surrey, King George Corridor etc.

South Surrey White Rock Real Estate Market update includes the sub areas Pacific Douglas, Elgin Chantrell, White Rock, Grandview Surrey, King George Corridor etc.

This South Surrey White Rock Real Estate Market update includes the sub areas White Rock, Grandview Surrey, King George Corridor, Pacific Douglas, Elgin Chantrell etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report

 

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 White Rock - South Surrey

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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