Current: White Rock South Surrey is in a Buyer Market with average listing inventories, 6 %SOLD rates and a 96% Sell/List Ratio.
(This means that there is an average of a $60,000 discount on a sale from the original list price)
Most Active Range: Homes below $900,000 have 21.2 %SOLD rate.
Least Active Range: Homes above $3 mill. have 0.6 %SOLD rate.
History: The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $122,277.
The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $131,953.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: White Rock South Surrey has average Listing supply; 633 homes are for sale and with the 6 %SOLD monthly rate gives us a ~17 months of inventory. 6% of the active listings have reduced their price by $85,285 on average or $56,000 median for the last month. We project White Rock South Surrey to be a continued Buyer market.
April's Real Estate Statistics shows some of our Markets are NORMALIZING with 52% of Vancouver's Detached Markets increasing values this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $8,007 which is a decline from last month's $5,048 price drop. On Average, the Fraser Valley's Market continues to show monthly price increase of $1,019. The following month's forecasts are: a Buyer's Detached Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warm Market with 56% of the Greater Vancouver (Lower Mainland) are increasing prices. On the other hand, 63% of the Townhouse Markets are decreasing. (13 out of 28 Markets). We are forecasting a stable Market in most Condo and Townhouse Markets for the coming month. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. 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.