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White Rock / South Surrey Townhome Update July 2015

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, 2015

The Fraser Valley Real Estate Board recently published the statistics for the White Rock real estate market, among others, for July 2015.

In this post, we’re going to take a close look at key numbers for the White Rock detached home market for July 2015 – including sales, new listings, active listings, as well as benchmark, median and average prices for White Rock detached homes.

White Rock Condominium Featured Listings

We’re also going to see what kind of shape the detached home market in White Rock 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 2015 compare with the numbers for July 2015 and for June 2015.

Key Highlights of the White Rock 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 for July 2015.

  • 74 Sales
  • 122 New Listings
  • 206 Active Listings
  • $431 Benchmark Price
  • $448 Median Price
  • $472 Average Price

July 2015 was a Seller's Market for White Rock Detached Homes

The sales-to-active-listings ratio netted out a market absorption rate of 35.92%, indicating that it was a Seller's Market for detached homes in White Rock in July 2015 (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 Detached Home Market Changes

Following are some of the highlights for detached homes in White Rock in July 2015:

  • There were 74 detached home sales in White Rock in July 2015 – a change of 5.71% over July 2015 and a change of -8.64% over June 2015
  • There were 122 new listings of detached homes in White Rock in July 2015 – a change of 82.09% over July 2015 and a change of 48.78% over June 2015
  • The benchmark price of a detached home in White Rock in July 2015 was $431 – a change of Error while parsing the evaluate expression over July 2015 and a change of Error while parsing the evaluate expression over June 2015

White Rock Condominium Featured Listings

Interested in seeing how the White Rock 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 2015

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 2015.


If you’re really keen to understand what happened in the market for detached home in White Rock in July 2015, make sure you check out the next section.

Detailed Overview of the Market for Detached Homes in White Rock

Check out the table below for more detailed information on what happened in the White Rock detached home market in July 2015 and see how it compares with the previous year and previous month.

Metric July 2015 July 2015 % Change June 2015 % Change
Sales 74 70 5.71% 81 -8.64%
New Listings 122 67 82.09% 82 48.78%
Active Listings 206 235 -12.34% 186 10.75%
Benchmark Price $431 $468 Error while parsing the evaluate expression $429 Error while parsing the evaluate expression
Median Price $448 $414 Error while parsing the evaluate expression $510 Error while parsing the evaluate expression
Average Price $472 $458 Error while parsing the evaluate expression $529 Error while parsing the evaluate expression

Last 3 Months of White Rock Detached Home Market Data

If you want a longer view back on the White Rock detached home market then check out the table below.

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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