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

Nov 1, 2022
gas gauge

Current:  White Rock South Surrey is in a Stable Market with average listing inventories, 10 %SOLD rates and a 94% Sell/List Ratio. 
                  (This means that there is an average of a $98,800 discount on a sale from the original list price)

Most Active Range:  Homes between $1.85 mill. - $2.1 mill. have 18.5 %SOLD rate. 
Least Active Range: Homes above $3.75 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 $171,069.
               The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $66,927.
                        *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: White Rock South Surrey has average Listing supply; 420 homes are for sale and with the 10 %SOLD monthly rate gives us a ~10 months of inventory. 11% of the active listings have reduced their price by $90,818 on average or $100,000 median for the last month. We project White Rock South Surrey to be a continued Stable market.

Greater Vancouver November 2022:

In November, 76% of Vancouver Real Estate Detached Market prices decreased by ($16,683) on average. Chinese New Year is on January 25, and we do expect more cash incoming to certain Asian focused cities. This demand will be tempered with the "Canada's Foreign Buyer Ban" beginning in January. This Federal Act prohibits non-citizens and non-permanent residents from purchasing residential property in Canada for two years. We are still forecasting that the majority of the Hongcouver Markets will stabilize in January 2023. This cash influx should trickle out to the Fraser Valley by March. We are forecasting that the majority of the Hongcouver Markets will continue to stabilize in January 2023. This cash influx should trickle out to the Fraser Valley by March.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($9,534) and ($12,139) respectively. 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.

Fraser Valley November 2022

Fraser Valley Real Estate Market shows 94% of the Detached Homes in November decreased their values by ($28,101) on average. Chinese New Year is January 25, 2023 and do expect more cash incoming to Asian focused cities. This demand will be tempered with the "Canada's Foreign Buyer Ban" beginning in January. This Federal Act prohibits non-citizens and non-permanent residents from purchasing residential property in Canada for two years. We are still forecasting that the majority of the Hongcouver Markets will stabilize in January 2023. This cash influx should trickle out to the Fraser Valley by March and start to stabilize most city's detached markets.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($9,534) and ($12,139) respectively. 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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   South Surrey White Rock's Home Evaluator / Forecaster
Single Family Detached High End .. more than $1,800,000       

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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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