Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release March 3, 2026
Fraser Valley Market Shows Early Bloom with February Sales Lift
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year.
The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
“Buyer-friendly conditions continue to define the Fraser Valley market,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While we did see a welcome bump in sales over January, they remain well below seasonal averages. With ample inventory and soft prices, this window may prove to be a key buying opportunity, particularly as prices settle. As we move closer to spring, we’re hopeful that improved economic stability will encourage more buyers to re-enter the market.”
Overall inventory remains above seasonal norms for the Fraser Valley, with 8,344 active listings, up eight per cent from January and 51 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 ten per cent in February. A balanced market is typically defined by a ratio between 12 and 20 per cent.
Across the Fraser Valley in February, the average number of days to sell a single-family detached home was 47 days, while for a condo it was 45 days. Townhomes took, on average, 39 days to sell.
“Many households are in a holding pattern right now, waiting for clearer signs that the economy is finding its footing,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board.
“Elevated economic uncertainty over the past year has cast a shadow over families’ big financial decisions, including buying or selling a home.
In times like these, a professional REALTOR® plays a critical role, offering trusted advice, local market insight, and the confidence needed to make informed moves.”
The composite Benchmark price for a typical home in the Fraser Valley decreased 0.2 per cent in February, to $895,100
Full package: https://www.fvreb.bc.ca/statistics/Package202602.pdf
MLS BENCHMARK PRICE ACTIVITY for FEBRUARY 2026 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,722,800 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 7.6% from $1,864,400 from February last year and decreased 0.3% from last month in January ($1,728,000).
• Townhomes: At $863,300 the Benchmark price for a townhome decreased 8.5% from February last year ($943,800) and increased 0.3% from last month in January ($861,000).
• Apartments: At $559,500 the Benchmark price for apartments/condos decreased 8.9% from $614,300 compared to February last year, and decreased 1% from last month in January ($565,300).
SALES FOR FEBRUARY 2026 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 35 sales, up from 32 last month and down 10.3% from February last year (39).
Townhouses: 28 sales, down from 29 last month and down 46.2% from last year in February (52).
Apartments: 40 sales, up from 31 last month and down 24.5% from 53 last year in February.
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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.