Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release February 3, 2026
Fraser Valley Home Prices Back to Pandemic- Era Levels under weight of Economic Headwinds and Sustained Inventory
SURREY, BC – Home prices in the Fraser Valley fell for the tenth consecutive month in January, pushing the Benchmark price below $900,000 for the first time since spring 2021.
The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to $897,200, down 6.9 per cent year-over-year.
The continued softening of prices wasn’t enough to get buyers off the sidelines, as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service® (MLS®) in January, a 33 per cent decrease from December, and 24 per cent below sales from the same month last year.
New listings increased 128 per cent in January to 3,078, reflecting the typical seasonal patterns; however, activity remained 10 per cent below last year’s levels.
“January opened the year with negligible momentum,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “Prices continued to weaken while at the same time selection remains high. Under normal market dynamics, these would be considered highly favourable conditions for buyers, however the uncertainty of the past year or so continues to loom large, subduing buyer confidence and muting overall market activity.”
Overall inventory remains above seasonal norms for the Fraser Valley, with 7,711 active listings, up 11 per cent from December and 54 per cent above the 10-year seasonal average.
The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of eight per cent in January, down five per cent from December. A balanced market is typically defined by a ratio between 12 and 20 per cent.
Across the Fraser Valley in January, the average number of days to sell a single-family detached home was 55 days, while for a condo it was 53 days. Townhomes took, on average, 50 days to sell.
“Affordability challenges facing many households today extend well beyond housing costs alone,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Rising day-to-day expenses, combined with wages that have not kept pace, have created significant financial pressure. As a result, potential buyers are choosing to be more circumspect with respect to purchasing decisions and are working with REALTORS® to develop timing strategies that meet their long-term objectives.”
Full package: https://www.fvreb.bc.ca/statistics/Package202601.pdf
MLS BENCHMARK PRICE ACTIVITY for JANUARY 2026 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,728,000 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 6.2% from $1,843,100 from January last year and decreased 0.2% from last month in December ($1,732,300).
• Townhomes: At $861,000 the Benchmark price for a townhome decreased 8.1% from January last year ($933,800) and decreased 2.8% from last month in December ($885,700).
• Apartments: At $565,300 the Benchmark price for apartments/condos decreased 5.5% from $598,000 compared to January last year, and decreased 0.9% from last month in December ($570,600).
SALES FOR JANUARY 2026 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 32 sales, down 5.9% from 34 last month and down 8.6% from January last year (35).
Townhouses: 29 sales, down from 37 last month and down from 33 last year in January.
Apartments: 31 sales, down from 48 last month and down from 40 last year in January.
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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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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.