Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release July 3, 2025
Buying Opportunities Remain Untapped in Fraser Valley Real Estate Market
SURREY, BC — Economic uncertainty continued to be the main driver in buying decisions as home sales in the Fraser Valley remain mostly unchanged, despite abundant inventory and lower prices.
The Fraser Valley Real Estate Board recorded 1,195 sales on its Multiple Listing Service® (MLS®) in June, up one per cent from May, but nine per cent below sales from June 2024 and 33 per cent below the 10-year average.
The Fraser Valley remains in a buyer’s market with the supply of available homes continuing to build. Active listings approached 11,000 in June — a two per cent increase over May and 30 per cent above levels from this time last year. New listings declined 10 per cent over May to 3,618. The overall sales-to-active listings ratio is steady at 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.
“For buyers who can tolerate the current economic uncertainty, this market offers some very real opportunities,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “With more homes to choose from and softening prices, it’s a uniquely favourable time to make a move in the Fraser Valley, particularly for first-time buyers.”
Across the Fraser Valley in June, the average number of days to sell a condo was 39 days, while for a single-family detached home it was 35 days. Townhomes took, on average, 30 days to sell.
“There’s no question the economy continues to grapple with unpredictability surrounding trade and tariffs, and the real estate market, like all sectors, is adapting to an uncertain future,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Perhaps this presents an opportunity for government to revisit policy decisions of the past, which may have served their purposes under different market conditions, in support of new economic realities.”
Full package: https://www.fvreb.bc.ca/statistics/Package202506.pdf
MLS BENCHMARK PRICE ACTIVITY for JUNE 2025 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,846,800 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 6.4% from $1,973,300 from June last year and decreased 2.3% from last month in May ($1,889,900).
• Townhomes: At $935,000 the Benchmark price for a townhome decreased 4.5%% from June last year ($978,600) and decreased 2.2% from last month in May ($956,000).
• Apartments: At $589,300 the Benchmark price for apartments/condos decreased 7.5% from $636,800 compared to June last year, and decreased 2.9% from last month in May ($606,900).
SALES FOR JUNE 2025 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 73 sales, up 40.4% from 52 last month and up 32.7% from June last year (55)
Townhouses: 54 sales, same as last month in May and up 12.5% from 48 last year in June.
Apartments: 62 sales, down 1.6% from 63 last month and down 13.9% from June last year (72).
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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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