Welcome to our detailed exploration of the Fraser Valley’s real estate scene, spotlighting March 2024 statistics to illuminate present market trends. Whether you’re considering buying or selling, staying informed about the evolving dynamics in both detached and attached property markets across the Fraser Valley is crucial for making well-informed decisions.
Surrey
Detached Properties
In Surrey’s detached property market, current indicators suggest a balanced landscape with a 15% sales ratio on average, translating to approximately 1.5 in 10 homes sold. Properties are fetching 100% of their list prices on average. The most active price band, ranging from $1 million to $1.25 million, reflects a seller’s advantage with an average 30% sales ratio. For buyers seeking optimal opportunities, homes priced between $2.5 million to $2.75 million in Bridgeview, Royal Heights, and Sullivan Station, especially those with up to 2 bedrooms, present favorable prospects. Conversely, sellers may find success focusing on Cedar Hills and properties boasting 5 to 6 bedrooms.
Attached Properties
In Surrey’s attached property market, a seller’s market prevails with a 27% sales ratio on average, indicating approximately 2.7 in 10 homes sold. Similar to detached properties, attached homes are also selling at 100% of their list prices on average. The most active price band, ranging from $400,000 to $500,000, showcases a seller’s advantage with an average 34% sales ratio. Buyers eyeing the best deals should consider homes priced between $1 million to $1.25 million in Bolivar Heights, particularly those with a minimum of 4 bedrooms. Sellers, on the other hand, may find success in Bear Creek Green Timbers and Guildford, especially with properties boasting 3 bedrooms.
South Surrey White Rock
Detached Properties
In South Surrey White Rock’s detached property market, a balanced landscape is observed with a 19% sales ratio on average, indicating approximately 1.9 in 10 homes sold. Homes are selling, on average, 3% below their list prices. The most active price band, ranging from $1.5 million to $1.75 million, portrays a seller’s advantage with an average 54% sales ratio. For buyers seeking optimal opportunities, homes priced between $3.5 million to $4 million in Elgin Chantrell and White Rock, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success in Sunnyside Park, especially with properties boasting up to 4 bedrooms.
Attached Properties
In South Surrey White Rock’s attached property market, a seller’s market prevails with a 36% sales ratio on average, indicating approximately 3.6 in 10 homes sold. Attached homes are selling, on average, 1% below their list prices. The most active price band, ranging from $900,000 to $1 million, demonstrates a seller’s advantage with an average 51% sales ratio. Buyers seeking the best deals should consider homes priced between $400,000 to $700,000 in Elgin Chantrell, particularly those with up to 2 bedrooms. Sellers, on the other hand, may find success in Grandview and Sunnyside Park, especially with properties boasting a minimum of 3 bedrooms.
North Delta
Detached Properties
In North Delta’s detached property market, a seller’s market prevails with a 29% sales ratio on average, indicating approximately 2.9 in 10 homes sold. Properties are fetching 100% of their list prices on average. The most active price band, ranging from $1.25 million to $1.5 million, demonstrates a seller’s advantage with an average 56% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.75 million to $2 million in Scottsdale, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success in Sunshine Hills Woods, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In North Delta’s attached property market, a seller’s market prevails with a 38% sales ratio on average, indicating approximately 3.8 in 10 homes sold. Attached homes are selling, on average, 2% below their list prices. The most active price band, ranging from $600,000 to $700,000, highlights a seller’s advantage with an average 64% sales ratio. Buyers seeking the best deals should consider homes priced between $500,000 to $600,000 in Annieville, particularly those with up to 1 bedroom. Sellers, on the other hand, may find success in Nordel, especially with properties boasting 3 bedrooms.
Cloverdale
Detached Properties
In Cloverdale’s detached property market, a seller’s market prevails with a 33% sales ratio on average, indicating approximately 3.3 in 10 homes sold. Properties are selling, on average, 1% below their list prices. The most active price band, ranging from $1.25 million to $1.5 million, underscores a seller’s advantage with an average 45% sales ratio. For buyers seeking optimal opportunities, homes priced between $2.25 million to $2.5 million in Clayton, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success in Cloverdale, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In Cloverdale’s attached property market, a pronounced seller’s market prevails with a 62% sales ratio on average, indicating approximately 6.2 in 10 homes sold. Attached homes are selling at 100% of their list prices on average. The most active price band, ranging from $500,000 to $600,000, highlights a significant seller’s advantage with an average 89% sales ratio. Buyers seeking the best deals should consider homes priced between $900,000 to $1 million in Clayton, particularly those with 3 bedrooms. Sellers, on the other hand, may find success in Cloverdale, especially with properties boasting a minimum of 4 bedrooms.
Langley
Detached Properties
In Langley’s detached property market, a seller’s market prevails with a 28% sales ratio on average, indicating approximately 2.8 in 10 homes sold. Properties are selling at 100% of their list prices on average. The most active price band, ranging from $1 million to $1.25 million, underscores a significant seller’s advantage with an average 69% sales ratio. For buyers seeking optimal opportunities, homes priced between $2.25 million to $2.5 million in Brookswood, Langley City, and Salmon River, particularly those with up to 2 bedrooms, present attractive prospects. Conversely, sellers may find success in Murrayville and Walnut Grove, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In Langley’s attached property market, a seller’s market prevails with a 44% sales ratio on average, indicating approximately 4.4 in 10 homes sold. Attached homes are selling, on average, 3% below their list prices. The most active price band, ranging from $800,000 to $900,000, highlights a significant seller’s advantage with an average 73% sales ratio. Buyers seeking the best deals should consider homes priced between $600,000 to $700,000 in Fort Langley, particularly those with up to 1 bedroom. Sellers, on the other hand, may find success in Murrayville and Walnut Grove, especially with properties boasting a minimum of 4 bedrooms.
Abbotsford
Detached Properties
In Abbotsford’s detached property market, a seller’s market prevails with a 22% sales ratio on average, indicating approximately 2.2 in 10 homes sold. Properties are selling, on average, 1% below their list prices. The most active price band, ranging from $900,000 to $1 million, highlights a seller’s advantage with an average 44% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.5 million to $2 million in Poplar, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success in Aberdeen, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In Abbotsford’s attached property market, a seller’s market prevails with a 39% sales ratio on average, indicating approximately 3.9 in 10 homes sold. Attached homes are selling at 100% of their list prices on average. The most active price band, ranging from $400,000 to $500,000, highlights a significant seller’s advantage with an average 52% sales ratio. Buyers seeking the best deals should consider homes priced between $900,000 to $1 million in Abbotsford West, particularly those with up to 1 bedroom. Sellers, on the other hand, may find success in Abbotsford East and Poplar, especially with properties boasting a minimum of 4 bedrooms.
Mission
Detached Properties
In Mission’s detached property market, a seller’s market prevails with a 27% sales ratio on average, indicating approximately 2.7 in 10 homes sold. Properties are selling, on average, 3% below their list prices. The most active price band, ranging from $800,000 to $900,000, underscores a significant seller’s advantage with an average 100% sales ratio. For buyers seeking optimal opportunities, homes priced between $1.25 million to $1.5 million in Hatzic, particularly those with a minimum of 7 bedrooms, present attractive prospects. Conversely, sellers may find success in Mission, especially with properties boasting 3 to 4 bedrooms.
Attached Properties
In Mission’s attached property market, a seller’s market prevails with a 34% sales ratio on average, indicating approximately 3.4 in 10 homes sold. Attached homes are selling, on average, 2% below their list prices. The most active price band, ranging from $700,000 to $800,000, highlights a significant seller’s advantage with an average 70% sales ratio. Buyers seeking the best deals should consider homes priced between $500,000 to $600,000, particularly those with 2 bedrooms. Sellers, on the other hand, may find success in Mission, especially with properties boasting 3 bedrooms.
Connect with Jared Gibbons, Your Local Realtor
For personalized guidance and expert advice in navigating Fraser Valley’s real estate market, Jared Gibbons, your trusted local realtor, is here to assist you. With a deep understanding of the region’s nuances and a commitment to client satisfaction, Jared provides invaluable support throughout your real estate journey.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.