White Rock / South Surrey Townhome Update March 2018
The Fraser Valley Real Estate Board recently published the statistics for the White Rock, south surrey real estate market, among others, for March 2018.
In this post, we’re going to take a close look at key numbers for the White Rock, south surrey townhome market for March 2018 – 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 March 2018 compare with the numbers for March 2017 and for February 2018.
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 March 2018.
- 64 Sales
- 98 New Listings
- 129 Active Listings
- $678,000 Benchmark Price
- $710,500 Median Price
- $748,401 Average Price
March 2018 was a Seller's Market for White Rock, south surrey Townhomes
The sales-to-active-listings ratio netted out a market absorption rate of 49.61%, indicating that it was a Seller's Market for townhomes in White Rock, south surrey in March 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 Townhome Market Changes
Following are some of the highlights for townhomes in White Rock, south surrey in March 2018:
- There were 64 townhome sales in White Rock, south surrey in March 2018 – a change of -25.58% over March 2017 and a change of 12.28% over February 2018
- There were 98 new listings of townhomes in White Rock, south surrey in March 2018 – a change of -7.55% over March 2017 and a change of 22.50% over February 2018
- The benchmark price of a townhome in White Rock, south surrey in March 2018 was $678,000 – a change of 16.96% over March 2017 and a change of 3.35% over February 2018
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 March 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 March 2018.
If you’re really keen to understand what happened in the market for townhome in White Rock, south surrey in March 2018, 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 March 2018 and see how it compares with the previous year and previous month.
| Metric | March 2018 | March 2017 | % Change | February 2018 | % Change |
|---|---|---|---|---|---|
| Sales | 64 | 86 | -25.58% | 57 | 12.28% |
| New Listings | 98 | 106 | -7.55% | 80 | 22.50% |
| Active Listings | 129 | 105 | 22.86% | 114 | 13.16% |
| Benchmark Price | $678,000 | $579,700 | 16.96% | $656,000 | 3.35% |
| Median Price | $710,500 | $574,000 | 23.78% | $751,000 | -5.39% |
| Average Price | $748,401 | $629,834 | 18.83% | $762,771 | -1.88% |
| 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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