White Rock / South Surrey Detached Update March 2016
The Fraser Valley Real Estate Board recently published the statistics for the White Rock, south surrey real estate market, among others, for March 2016.
In this post, we’re going to take a close look at key numbers for the White Rock, south surrey detached home market for March 2016 – 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 March 2016 compare with the numbers for March 2015 and for February 2016.
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 March 2016.
- 249 Sales
- 336 New Listings
- 373 Active Listings
- $1,206,800 Benchmark Price
- $1,390,000 Median Price
- $1,562,532 Average Price
March 2016 was a Seller's Market for White Rock, south surrey Detached Homes
The sales-to-active-listings ratio netted out a market absorption rate of 66.76%, indicating that it was a Seller's Market for detached homes in White Rock, south surrey in March 2016 (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 March 2016:
- There were 249 detached home sales in White Rock, south surrey in March 2016 – a change of 36.07% over March 2015 and a change of 11.66% over February 2016
- There were 336 new listings of detached homes in White Rock, south surrey in March 2016 – a change of 38.27% over March 2015 and a change of 12.75% over February 2016
- The benchmark price of a detached home in White Rock, south surrey in March 2016 was $1,206,800 – a change of 25.76% over March 2015 and a change of 3.69% over February 2016
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 March 2016
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 March 2016.
If you’re really keen to understand what happened in the market for detached home in White Rock, south surrey in March 2016, 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 March 2016 and see how it compares with the previous year and previous month.
| Metric | March 2016 | March 2015 | % Change | February 2016 | % Change |
|---|---|---|---|---|---|
| Sales | 249 | 183 | 36.07% | 223 | 11.66% |
| New Listings | 336 | 243 | 38.27% | 298 | 12.75% |
| Active Listings | 373 | 513 | -27.29% | 346 | 7.80% |
| Benchmark Price | $1,206,800 | $959,600 | 25.76% | $1,163,900 | 3.69% |
| Median Price | $1,390,000 | $1,050,000 | 32.38% | $1,340,000 | 3.73% |
| Average Price | $1,562,532 | $1,248,266 | 25.18% | $1,541,529 | 1.36% |
| Month Year | Sales | New Listings | Active Listings | Benchmark Price | Median Price | Average Price |
|---|---|---|---|---|---|---|
| March 2024 | 66 | 175 | 357 | $1,939,400 | $1,743,000 | $2,012,289 |
| February 2024 | 56 | 165 | 302 | $1,887,100 | $1,807,500 | $2,023,424 |
| January 2024 | 34 | 107 | 250 | $1,885,900 | $1,604,000 | $1,896,073 |
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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