White Rock Condominium Update February 2015
The Fraser Valley Real Estate Board recently published the statistics for the White Rock real estate market, among others, for February 2015.
In this post, we’re going to take a close look at key numbers for the White Rock condominium market for February 2015 – including sales, new listings, active listings, as well as benchmark, median and average prices for White Rock condominiums.
White Rock Condominium Featured Listings
We’re also going to see what kind of shape the condominium market in White Rock was in for the month – whether it was a buyer’s market, a balanced market, or a seller’s market.
And we’re going to look at how the numbers for February 2015 compare with the numbers for February 2014 and for January 2015.
Key Highlights of the White Rock Real Estate Market for Condominiums
Here’s a high-level snapshot of what went on with the market for condominiums in White Rock for February 2015.
- 36 Sales
- 111 New Listings
- 343 Active Listings
- $243,400 Benchmark Price
- $277,500 Median Price
- $311,217 Average Price
February 2015 was a Buyer's Market for White Rock Condominiums
The sales-to-active-listings ratio netted out a market absorption rate of 10.50%, indicating that it was a Buyer's Market for condominiums in White Rock in February 2015 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).
Please note: If you want the most accurate information on how the market’s doing, you need to speak with a real estate agent.
You can contact me by clicking on this link or – better yet – by calling me at 604-961-1067.
In the section that follows, we’re going to run through a quick summary of the key numbers and look at the changes over the previous month and over the previous year.
White Rock Condominium Market Changes
Following are some of the highlights for condominiums in White Rock in February 2015:
- There were 36 condominium sales in White Rock in February 2015 – a change of -21.74% over February 2014 and a change of -16.28% over January 2015
- There were 111 new listings of condominiums in White Rock in February 2015 – a change of -4.31% over February 2014 and a change of 0.91% over January 2015
- The benchmark price of a condominium in White Rock in February 2015 was $243,400 – a change of 2.10% over February 2014 and a change of 4.60% over January 2015
White Rock Condominium Featured Listings
Interested in seeing how the White Rock real estate market stacks up against the BC real estate market as a whole? Then check out the video below from the BC Real Estate Association.
BC Real Estate Association Market Update for February 2015
Take a few minutes to watch the video below if you’re interested in learning what the BC Real Estate Association has to say about the BC real estate market for February 2015.
Sorry, but the video was unavailable at the time this was posted.If you’re really keen to understand what happened in the market for condominium in White Rock in February 2015, make sure you check out the next section.
Detailed Overview of the Market for Condominiums in White Rock
Check out the table below for more detailed information on what happened in the White Rock condominium market in February 2015 and see how it compares with the previous year and previous month.
| Metric | February 2015 | February 2014 | % Change | January 2015 | % Change |
|---|---|---|---|---|---|
| Sales | 36 | 46 | -21.74% | 43 | -16.28% |
| New Listings | 111 | 116 | -4.31% | 110 | 0.91% |
| Active Listings | 343 | 356 | -3.65% | 326 | 5.21% |
| Benchmark Price | $243,400 | $238,400 | 2.10% | $232,700 | 4.60% |
| Median Price | $277,500 | $267,500 | 3.74% | $309,000 | -10.19% |
| Average Price | $311,217 | $289,511 | 7.50% | $344,321 | -9.61% |
| Month Year | Sales | New Listings | Active Listings | Benchmark Price | Median Price | Average Price |
|---|---|---|---|---|---|---|
| August 2020 | 78 | 135 | 326 | $489,000 | $472,000 | $507,582 |
| February 2020 | 63 | 114 | 234 | $482,400 | $446,000 | $499,752 |
| June 2023 | 102 | 131 | 193 | $636,500 | $624,000 | $685,308 |
Disclaimer
All of the data for the monthly real estate market updates are taken directly from the statistics packages that the Fraser Valley Real Estate Board publishes every month.
Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the current statistics package for the real estate market.
Or, better still, call me at 604-961-1067 or click on the link to email me for the most accurate, up to the minute information on – and insights into – the real estate market.
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