White Rock / South Surrey Townhome Update August 2016
The Fraser Valley Real Estate Board recently published the statistics for the White Rock, south surrey real estate market, among others, for August 2016.
In this post, we’re going to take a close look at key numbers for the White Rock, south surrey Townhome market for August 2016 – including sales, new listings, active listings, as well as benchmark, median and average prices for White Rock, south surrey Townhomes.
White Rock, south surrey Townhouse Featured Listings
We’re also going to see what kind of shape the Townhome 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 2016 compare with the numbers for August 2015 and for July 2016.
Key Highlights of the White Rock, south surrey Real Estate Market for Townhomes
Here’s a high-level snapshot of what went on with the market for Townhomes in White Rock, south surrey for August 2016.
- 411 Sales
- 579 New Listings
- 676 Active Listings
- $418,400 Benchmark Price
- $435,000 Median Price
- $456,132 Average Price
August 2016 was a Seller's Market for White Rock, south surrey Townhomes
The sales-to-active-listings ratio netted out a market absorption rate of 60.80%, indicating that it was a Seller's Market for Townhomes in White Rock, south surrey in August 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 Townhome Market Changes
Following are some of the highlights for Townhomes in White Rock, south surrey in August 2016:
- There were 411 Townhome sales in White Rock, south surrey in August 2016 – a change of 11.38% over August 2015 and a change of -5.30% over July 2016
- There were 579 new listings of Townhomes in White Rock, south surrey in August 2016 – a change of 40.88% over August 2015 and a change of -6.01% over July 2016
- The benchmark price of a Townhome in White Rock, south surrey in August 2016 was $418,400 – a change of 36.42% over August 2015 and a change of 2.50% over July 2016
White Rock, south surrey Townhouse 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 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 August 2016.
If you’re really keen to understand what happened in the market for Townhome in White Rock, south surrey in August 2016, make sure you check out the next section.
Detailed Overview of the Market for Townhomes in White Rock, south surrey
Check out the table below for more detailed information on what happened in the White Rock, south surrey Townhome market in August 2016 and see how it compares with the previous year and previous month.
| Metric | August 2016 | August 2015 | % Change | July 2016 | % Change |
|---|---|---|---|---|---|
| Sales | 411 | 369 | 11.38% | 434 | -5.30% |
| New Listings | 579 | 411 | 40.88% | 616 | -6.01% |
| Active Listings | 676 | 999 | -32.33% | 609 | 11.00% |
| Benchmark Price | $418,400 | $306,700 | 36.42% | $408,200 | 2.50% |
| Median Price | $435,000 | $339,900 | 27.98% | $451,000 | -3.55% |
| Average Price | $456,132 | $367,683 | 24.06% | $469,138 | -2.77% |
| Month Year | Sales | New Listings | Active Listings | Benchmark Price | Median Price | Average Price |
|---|---|---|---|---|---|---|
| June 2023 | 71 | 89 | 96 | $970,700 | $985,000 | $1,045,608 |
| February 2021 | 134 | 124 | 77 | $718,100 | $766,100 | $790,381 |
| January 2021 | 93 | 128 | 101 | $681,500 | $700,500 | $772,073 |
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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