White Rock / South Surrey Condominium Update July 2019
The Fraser Valley Real Estate Board recently published the statistics for the White Rock, south surrey real estate market, among others, for July 2019.
In this post, we’re going to take a close look at key numbers for the White Rock, south surrey condominium market for July 2019 – including sales, new listings, active listings, as well as benchmark, median and average prices for White Rock, south surrey condominiums.
White Rock, south surrey Condominium Featured Listings
We’re also going to see what kind of shape the condominium market in White Rock, south surrey 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 July 2019 compare with the numbers for July 2018 and for June 2019.
Key Highlights of the White Rock, south surrey Real Estate Market for Condominiums
Here’s a high-level snapshot of what went on with the market for condominiums in White Rock, south surrey for July 2019.
- 52 Sales
- 100 New Listings
- 311 Active Listings
- $492,900 Benchmark Price
- $460,000 Median Price
- $482,643 Average Price
July 2019 was a Balanced Market for White Rock, south surrey Condominiums
The sales-to-active-listings ratio netted out a market absorption rate of 16.72%, indicating that it was a Balanced Market for condominiums in White Rock, south surrey in July 2019 (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, south surrey CONDOMINIUM Market Changes
Following are some of the highlights for condominiums in White Rock, south surrey in July 2019:
- There were 52 condominium sales in White Rock, south surrey in July 2019 – a change of -10.34% over July 2018 and a change of 8.33% over June 2019
- There were 100 new listings of condominiums in White Rock, south surrey in July 2019 – a change of -13.04% over July 2018 and a change of -1.96% over June 2019
- The benchmark price of a condominium in White Rock, south surrey in July 2019 was $492,900 – a change of -4.77% over July 2018 and a change of -1.44% over June 2019
White Rock, south surrey Condominium Featured Listings
Interested in seeing how the White Rock, south surrey 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 July 2019
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 July 2019.
If you’re really keen to understand what happened in the market for condominium in White Rock, south surrey in July 2019, make sure you check out the next section.
Detailed Overview of the Market for Condominiums in White Rock, south surrey
Check out the table below for more detailed information on what happened in the White Rock, south surrey condominium market in July 2019 and see how it compares with the previous year and previous month.
| Metric | July 2019 | July 2018 | % Change | June 2019 | % Change |
|---|---|---|---|---|---|
| Sales | 52 | 58 | -10.34% | 48 | 8.33% |
| New Listings | 100 | 115 | -13.04% | 102 | -1.96% |
| Active Listings | 311 | 238 | 30.67% | 346 | -10.12% |
| Benchmark Price | $492,900 | $517,600 | -4.77% | $500,100 | -1.44% |
| Median Price | $460,000 | $488,500 | -5.83% | $463,500 | -0.76% |
| Average Price | $482,643 | $528,623 | -8.70% | $515,592 | -6.39% |
| 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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