White Rock / South Surrey Townhome Update May 2016
The Fraser Valley Real Estate Board recently published the statistics for the White Rock, south surrey real estate market, among others, for May 2016.
In this post, we’re going to take a close look at key numbers for the White Rock, south surrey Townhome market for May 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 May 2016 compare with the numbers for May 2015 and for April 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 May 2016.
- 107 Sales
- 96 New Listings
- 625 Active Listings
- $494,700 Benchmark Price
- $578,000 Median Price
- $611,047 Average Price
May 2016 was a Balanced Market for White Rock, south surrey Townhomes
The sales-to-active-listings ratio netted out a market absorption rate of 17.12%, indicating that it was a Balanced Market for Townhomes in White Rock, south surrey in May 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 May 2016:
- There were 107 Townhome sales in White Rock, south surrey in May 2016 – a change of 44.59% over May 2015 and a change of -5.31% over April 2016
- There were 96 new listings of Townhomes in White Rock, south surrey in May 2016 – a change of 17.07% over May 2015 and a change of -20.66% over April 2016
- The benchmark price of a Townhome in White Rock, south surrey in May 2016 was $494,700 – a change of 15.23% over May 2015 and a change of 1.21% over April 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 May 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 May 2016.
If you’re really keen to understand what happened in the market for Townhome in White Rock, south surrey in May 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 May 2016 and see how it compares with the previous year and previous month.
| Metric | May 2016 | May 2015 | % Change | April 2016 | % Change |
|---|---|---|---|---|---|
| Sales | 107 | 74 | 44.59% | 113 | -5.31% |
| New Listings | 96 | 82 | 17.07% | 121 | -20.66% |
| Active Listings | 625 | 210 | 197.62% | 74 | 744.59% |
| Benchmark Price | $494,700 | $429,300 | 15.23% | $488,800 | 1.21% |
| Median Price | $578,000 | $507,000 | 14.00% | $555,000 | 4.14% |
| Average Price | $611,047 | $518,926 | 17.75% | $590,551 | 3.47% |
| 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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