Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release September 3, 2025
Declining Prices and High Inventory Strengthen Buyer's Market Heading into Fall
SURREY, BC – Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions.
The Fraser Valley Real Estate Board recorded 931 sales on its Multiple Listing Service® (MLS®) in August, down 22 per cent from July and down 13 per cent year-over-year. August sales were 36 per cent below the 10-year average.
The Fraser Valley buyer’s market remains strong with inventory levels holding relatively stable, down just two per cent to 10,445 active listings. Newly listed homes declined 19 per cent month-over-month to 2,793; up half a per cent year-over-year. The overall sales-to-active listings ratio for August dropped to nine per cent, down two per cent from July. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.
“Current market conditions are allowing buyers the opportunity to make bold offers, especially for properties that have been on the market for a while and where sellers may be more motivated,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “As in all transactions, timing is everything and we expect to see more buyers come off the sidelines heading into fall to take advantage of the lower price floor.”
Across the Fraser Valley in August, the average number of days to sell a condo was 41 days; while for a single-family detached home it was 38 days. Townhomes took, on average, 32 days to sell.
“The economic uncertainty that has shaped the housing market for much of 2025 now seems to have been factored into market dynamics, as evidenced by a sustained softening of prices,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Some buyers who had been holding off are starting to recognize that waiting for greater certainty could mean missing opportunities, particularly in a market where conditions now clearly favour buyers.”
The composite Benchmark price in the Fraser Valley decreased 0.9 per cent in August, to $936,200.
Full package: https://www.fvreb.bc.ca/statistics/Package202508.pdf
MLS BENCHMARK PRICE ACTIVITY for AUGUST 2025 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,795,500 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 8.7% from $1,966,700 from August last year and decreased 2.3% from last month in July ($1,837,300).
• Townhomes: At $921,200 the Benchmark price for a townhome decreased 5%% from August last year ($969,500) and decreased 0.8% from last month in July ($928,200).
• Apartments: At $588,600 the Benchmark price for apartments/condos decreased 5.7% from $623,900 compared to August last year, and decreased 0.7% from last month in July ($584,400).
SALES FOR AUGUST 2025 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 36 sales, down 33.3% from 54 last month and down 40% from August last year (60)
Townhouses: 34 sales, down 17.1% from 41 last month in July and same as last year in August.
Apartments: 41 sales, down 31.7% from 60 last month in July and down 5.1% from August last year (39).
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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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