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White Rock / South Surrey Detached Update May 2018

Tagged with: Detached Homes, FVREB, Fraser Valley Real Estate Board, House, Real Estate, South Surrey, Statistics, White Rock, may, 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 May 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 May 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 May 2018 compare with the numbers for May 2017 and for April 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 May 2018.

  • 63 Sales
  • 316 New Listings
  • 682 Active Listings
  • $1,487,000 Benchmark Price
  • $1,300,000 Median Price
  • $1,451,293 Average Price

May 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 9.24%, indicating that it was a Buyer's Market for Detached homes in White Rock, south surrey in May 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 May 2018:

  • There were 63 Detached home sales in White Rock, south surrey in May 2018 – a change of -62.05% over May 2017 and a change of -12.50% over April 2018
  • There were 316 new listings of Detached homes in White Rock, south surrey in May 2018 – a change of -1.56% over May 2017 and a change of 33.90% over April 2018
  • The benchmark price of a Detached home in White Rock, south surrey in May 2018 was $1,487,000 – a change of 1.21% over May 2017 and a change of 0.43% over April 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 May 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 May 2018.


If you’re really keen to understand what happened in the market for Detached home in White Rock, south surrey in May 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 May 2018 and see how it compares with the previous year and previous month.

Metric May 2018 May 2017 % Change April 2018 % Change
Sales 63 166 -62.05% 72 -12.50%
New Listings 316 321 -1.56% 236 33.90%
Active Listings 682 563 21.14% 588 15.99%
Benchmark Price $1,487,000 $1,469,200 1.21% $1,480,700 0.43%
Median Price $1,300,000 $1,350,000 -3.70% $1,372,500 -5.28%
Average Price $1,451,293 $1,546,119 -6.13% $1,549,894 -6.36%

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
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
December 2023 35 33 242 $1,906,000 $1,742,857 $1,953,955

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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