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White Rock / South Surrey Detached Update August 2018

Tagged with: August, Detached Homes, FVREB, Fraser Valley Real Estate Board, House, Real Estate, South Surrey, Statistics, White Rock, south surrey homes, white rock homes, 2018

The Fraser Valley Real Estate Board recently published the statistics for the White Rock, south surrey real estate market, among others, for August 2018.

In this post, we’re going to take a close look at key numbers for the White Rock, south surrey Detached home market for August 2018 – including sales, new listings, active listings, as well as benchmark, median and average prices for White Rock, south surrey Detached homes.

White Rock, south surrey Detached Home Featured Listings

We’re also going to see what kind of shape the Detached home 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 August 2018 compare with the numbers for August 2017 and for July 2018.

Key Highlights of the White Rock, south surrey Real Estate Market for Detached Homes

Here’s a high-level snapshot of what went on with the market for Detached homes in White Rock, south surrey for August 2018.

  • 51 Sales
  • 140 New Listings
  • 637 Active Listings
  • $1,440,400 Benchmark Price
  • $1,375,000 Median Price
  • $1,532,576 Average Price

August 2018 was a Buyer's Market for White Rock, south surrey Detached Homes

The sales-to-active-listings ratio netted out a market absorption rate of 8.01%, indicating that it was a Buyer's Market for Detached homes in White Rock, south surrey in August 2018 (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 Detached Home Market Changes

Following are some of the highlights for Detached homes in White Rock, south surrey in August 2018:

  • There were 51 Detached home sales in White Rock, south surrey in August 2018 – a change of -37.04% over August 2017 and a change of -34.62% over July 2018
  • There were 140 new listings of Detached homes in White Rock, south surrey in August 2018 – a change of -20.00% over August 2017 and a change of -25.53% over July 2018
  • The benchmark price of a Detached home in White Rock, south surrey in August 2018 was $1,440,400 – a change of -5.30% over August 2017 and a change of -1.89% over July 2018

White Rock, south surrey Detached Home 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 August 2018

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 August 2018.


If you’re really keen to understand what happened in the market for Detached home in White Rock, south surrey in August 2018, make sure you check out the next section.

Detailed Overview of the Market for Detached Homes in White Rock, south surrey

Check out the table below for more detailed information on what happened in the White Rock, south surrey Detached home market in August 2018 and see how it compares with the previous year and previous month.

Metric August 2018 August 2017 % Change July 2018 % Change
Sales 51 81 -37.04% 78 -34.62%
New Listings 140 175 -20.00% 188 -25.53%
Active Listings 637 612 4.08% 689 -7.55%
Benchmark Price $1,440,400 $1,521,000 -5.30% $1,468,100 -1.89%
Median Price $1,375,000 $1,388,000 -0.94% $1,550,000 -11.29%
Average Price $1,532,576 $1,539,501 -0.45% $1,666,571 -8.04%

Last 3 Months of White Rock, south surrey Detached Home Market Data

If you want a longer view back on the White Rock, south surrey Detached home market then check out the table below.

Month Year Sales New Listings Active Listings Benchmark Price Median Price Average Price
April 2019 61 255 666 $1,376,000 $1,175,000 $1,318,257
February 2019 38 169 545 $1,382,800 $1,300,000 $1,391,102
December 2018 33 63 411 $1,360,200 $1,160,000 $1,448,153

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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