Posted on
May 7, 2025
by
Jared Gibbons
Fraser Valley Housing Market Report – April 2025
The Fraser Valley real estate market in April 2025 presents both opportunities and insights for buyers and sellers. Despite varying market conditions, most areas continue to show healthy activity, particularly in popular price bands.
Here’s a city-by-city breakdown of benchmark prices, sales trends, and how much homes are selling for above or below the listing price, along with detailed commentary.
Surrey
Surrey’s market continues to show upward pressure on pricing for detached homes, with a benchmark price of $1,536,400, rising 3.1% month-over-month. Demand is strong in the $1.5M–$1.75M range, showing robust activity. For condos and townhomes, the benchmark price sits at $553,800, up 0.5% from March. The most active price band is $200K–$300K, indicating entry-level and investor demand.
Sales vs. List Price: Properties in both segments are selling around 2% below asking.
South Surrey / White Rock
This region continues to attract strong interest from detached home buyers, particularly in the $1M–$1.25M range where 44% of homes are selling. The benchmark price is $1,885,000, up 2.4% from March. For condos and townhomes, values increased by 1.1%, with a benchmark of $725,800. Overall, the market is stabilizing with modest gains.
Sales vs. List Price: Detached and strata homes are selling around 2% under asking.
Cloverdale
Cloverdale detached homes are in demand, especially in the $1M–$1.1M price range, with a 38% sales ratio. The benchmark price hit $1,588,100, up 2.7% month-over-month. Condos and townhomes saw similar momentum, increasing 2.3%, reaching $783,100. This area remains competitive with limited inventory.
Sales vs. List Price: Most properties are selling 1% below list price, indicating negotiation remains modest.
Langley
Langley’s detached homes are thriving in the $900K–$1M range with a 38% sales ratio, and the benchmark price is $1,589,400, reflecting a 2.3% monthly increase. Condos and townhomes are also climbing, up 1.7% to $639,400. Langley remains attractive for families and investors alike.
Sales vs. List Price: Homes are generally selling 2% below asking price.
Abbotsford
In Abbotsford, detached homes saw a 2.2% rise, reaching a benchmark of $1,178,600, with the most activity in the $800K–$900K range. Condos and townhomes increased to $471,300, up 1.2% from March. Strong local demand continues to push the market gradually upward.
Sales vs. List Price: Most properties are selling 1–2% under list.
Mission
Mission continues to offer good value for buyers, with the benchmark price for detached homes at $976,200, rising 2.1%, and strongest activity in the $800K–$900K band. Condos and townhomes followed closely, up 1.5% to $469,000.
Sales vs. List Price: Homes are trading at approximately 1% below asking.
Delta
Delta experienced a 2.5% increase in detached home prices, now sitting at a benchmark of $1,453,100. The $1.25M–$1.5M range was most active with a 33% sales ratio. Condos and townhomes saw a smaller gain of 0.8%, reaching $665,100.
Sales vs. List Price: Detached and attached properties in Delta are generally selling at or just under list price.
Buyers across the Fraser Valley continue to benefit from stable inventory and competitive pricing. Whether you're looking in Surrey, Langley, Cloverdale, or Abbotsford, understanding your local market's active price band and negotiation trends is key to making a smart investment in 2025.
If you're in the market for a new home or investment opportunity, contact Jared Gibbons, a trusted real estate agent with over 10 years of experience. Jared will help you find exactly what you're looking for, whether it's your dream home or a smart investment.
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