|
Current: White Rock South Surrey is in a Buyer market with average listing inventories, 6 %SOLD rates and a 94% Sell/List Ratio.
(This means that there is an average of a $99,000 discount on a sale from the original list price)
Most Active Range: Homes between $1.7 mill.-$1.85 mill. have 13.8 %SOLD rate.
Least Active Range: Homes between between $3.2 mill. - $3.75 mill. have 3.3 %SOLD rate.
History: The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $129,077.
The S. Surrey White Rock Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $133,862.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: White Rock South Surrey has average Listing supply; 745 homes are for sale and with the 6 %SOLD monthly rate gives us a ~17 months of inventory. 11% of the active listings have reduced their price by $100,974 on average or $67,500 median for the last month. We project White Rock South Surrey to be a continued Buyer market.
Greater Vancouver July 2025:
In July, 62% of single-family homes dropped in value, with an average price dip of $10,078. Still, that’s an improvement from June, when prices fell even harder—by $17,208. With plenty of homes for sale and many buyers and sellers waiting for clearer trade news, Metro Vancouver is still a buyer’s market.
Condos had an even tougher month, with 78% losing value and an average price drop of $2,755. Townhomes values stayed the same at $12,434loss in July. With trade talks and tariffs still making headlines, condo and townhouse prices may stay flat or even fall further.
The good news? Right now is a strong time for buyers. Sellers, though, need a smart game plan to get top value.
Curious which markets are heating up—or cooling down? Visit VancouverMarketReports.com every Saturday at noon for fresh updates. 📞 Want expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744—we’ll help you make the right move.
Fraser Valley July 2025:
In July, 89% of single-family homes lost value, dropping prices by an average of $17,997. That’s a bigger decline compared to June, when prices fell by $4,025. With many homes still for sale and both buyers and sellers are waiting for clearer trade news, the Fraser Valley remains a buyer’s market.
Condos also struggled—83% dropped in value, with an average loss of $4,892. Townhomes saw an even steeper decline, shifting from a $4,819 drop in June to a $10,640 loss in July. With trade talks and tariffs still in the spotlight, condo and townhouse prices may stay flat or even fall further. Bottom line: Buyers continue to hold the advantage, while sellers need a solid strategy to succeed.
The takeaway? This is a great time for buyers to step in. Sellers, however, need a sharp strategy to secure the best deal.
Curious which areas are heating up—or cooling down? Visit VancouverMarketReports.com every Saturday at noon for the latest updates. 📞 Want expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744—we’ll help you make the right move.
|
