What did this year look like for you? Did you buy or sell your Fraser Valley home? Were you watching and waiting to see what the market would do? Are you preparing for 2018 by making plans to buy or sell in your own city, or even relocate to a new city in search for more affordable housing or a change of scenery?
As the year comes to a close The Taylor Team of Sutton West Coast real estate is taking some time to reflect back on all the headlines and statistics that had us talking.
2017 in a Nutshell According to FVREB
Here’s a snapshot of the 2017 market based on the titles of the Fraser Valley Real Estate Board’s monthly statistics packages. The words that stand out to us are demand, healthy, thrive, solid, growing, and strong!
January 2017:
Demand diversifies for Fraser Valley real estate in JanuaryFebruary 2017:
Fraser Valley enjoys healthy market in FebruaryMarch 2017:
Attached home sales thrive as overall inventory remains scarceApril 2017:
Another solid month for Fraser Valley real estateMay 2017:
Growing sales in Fraser Valley met with bump in new inventoryJune 2017:
Fraser Valley apartment sales reach all-time high in JuneJuly 2017:
Fraser Valley home sales still strong despite summer slowdownAugust 2017:
Continued demand for attached homes brings second strongest August historicallySeptember 2017:
Demand for Fraser Valley homes remains unchanged despite change of seasonOctober 2017:
October fails to scare away home buyers in the Fraser ValleyNovember 2017:
Attached sales continue to drive Fraser Valley market in November
Update MLS® Summary as of November 2017
Here’s a look at the latest published benchmark and average prices for detached homes, townhouses, and apartments throughout the Fraser Valley.
Benchmark Price
| City |
Detached |
Townhouse |
Apartment |
| Abbotsford | $787,000 | $348,600 | $279,700 |
| White Rock/South Surrey | $1,468,700 | $642,600 | $478,600 |
| Langley | $1,007,000 | $480,000 | $389,000 |
| Delta – North | $914,900 | $564,100 | $348,100 |
| Surrey – Central | $1,012,700 | $541,000 | $371,900 |
| Surrey – Cloverdale | $998,100 | $567,400 | $428,900 |
| Surrey – North | $941,800 | $524,000 | $362,000 |
Average Price
| City | Detached | Townhouse | Apartment |
| Abbotsford | $790,601 | $436,420 | $268,883 |
| White Rock/South Surrey | $1,469,505 | $668,292 | $467,056 |
| Langley | $1,045,791 | $552,483 | $364,146 |
| Delta – North | $963,194 | $665,071 | $314,140 |
| Surrey – Central | $1,067,505 | $554,339 | $368,186 |
| Surrey – Cloverdale | $982,141 | $567,324 | $356,921 |
| Surrey – North | $977,320 | $484,789 | $365,584 |
For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.
View all Fraser Valley Statistics Packages.
