Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release June 2, 2023
Delayed Spring Activity Boosts Supply of Property Listings in the Fraser Valley
Full package: https://www.fvreb.bc.ca/statistics/Package202305.pdf
MLS BENCHMARK PRICE ACTIVITY for MAY 2023 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,915,400 the Benchmark price for a single-family detached home in the South Surrey/White Rock decreased 13.3% from $2,128,800 from May last year and increased 2.1% from last month in April ($1,876,900).
• Townhomes: At $960,400, the Benchmark price for a townhome decreased 6.7% from May last year ($1,053,000) and increased 1.9% compared to last month in April ($942,600).
• Apartments: At $626,000, the Benchmark price for apartments/condos decreased 3.2% from $646,500 compared to May last year, and increased 2.5% from $610,800 last month in April.
SALES FOR MAY 2023 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 87 sales, down from 80 last month and down 40.3% from May last year (62)
Townhouses: 65 sales, down from 56 last month and down 10.2% from 59 last year in May.
Apartments: 79 sales, down from 83 last month and down 12.9% from May last year (70).
Call Joanne today, for a free
no obligation
Complete and Current Market Evaluation
778-227-1443
The Importance of Market Data
One of the most important marketing tools Joanne uses in pricing and marketing a property is market statistics. This information includes comparisons between ‘listed’ properties (properties currently for sale) and ‘sold’ properties (properties that sold within a one-month period).
These comparisons are generated at the end of every month by the Multiple Listing Service® and are not available to the public. These reports help to determine the Current Market Conditions affecting your specific neighbourhood.
The “Sales-To-Actives Ratio” tells the percentage of inventory that is selling in a given month (sales for the month divided by the Active Listings = the per centage of homes that are selling). This provides a better idea of the sense of balance between total supply and demand.
To determine the type of Market, if 11 to 20 per cent of inventory is selling (with give & take), the market is balanced. A Seller's Market is when more than 20 per cent is selling, and when it's less than 11 per cent the reverse is the case and buyers have the upper hand.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.