Review of the 2017 Fraser Valley Real Estate Market

Posted by Natasha Taylor on Wednesday, December 13th, 2017 at 12:44pm.

What did this year look like for you? Did you buy or sell your Fraser Valley home? Were you watching and waiting to see what the market would do? Are you preparing for 2018 by making plans to buy or sell in your own city, or even relocate to a new city in search for more affordable housing or a change of scenery?

As the year comes to a close The Taylor Team of Sutton West Coast real estate is taking some time to reflect back on all the headlines and statistics that had us talking.

2017 in a Nutshell According to FVREB

Here’s a snapshot of the 2017 market based on the titles of the Fraser Valley Real Estate Board’s monthly statistics packages. The words that stand out to us are demand, healthy, thrive, solid, growing, and strong!

January 2017:
Demand diversifies for Fraser Valley real estate in January

February 2017:
Fraser Valley enjoys healthy market in February

March 2017:
Attached home sales thrive as overall inventory remains scarce

April 2017:
Another solid month for Fraser Valley real estate

May 2017:
Growing sales in Fraser Valley met with bump in new inventory

June 2017:
Fraser Valley apartment sales reach all-time high in June

July 2017:
Fraser Valley home sales still strong despite summer slowdown

August 2017:
Continued demand for attached homes brings second strongest August historically

September 2017:
Demand for Fraser Valley homes remains unchanged despite change of season

October 2017:
October fails to scare away home buyers in the Fraser Valley

November 2017:
Attached sales continue to drive Fraser Valley market in November

Update MLS® Summary as of November 2017

Here’s a look at the latest published benchmark and average prices for detached homes, townhouses, and apartments throughout the Fraser Valley.

Benchmark Price

City

Detached

Townhouse

Apartment

Abbotsford

$787,000

$348,600

$279,700

White Rock/South Surrey

$1,468,700

$642,600

$478,600

Langley

$1,007,000

$480,000

$389,000

Delta – North

$914,900

$564,100

$348,100

Surrey – Central

$1,012,700

$541,000

$371,900

Surrey – Cloverdale

$998,100

$567,400

$428,900

Surrey - North

$941,800

$524,000

$362,000

Average Price

City

Detached

Townhouse

Apartment

Abbotsford

$790,601

$436,420

$268,883

White Rock/South Surrey

$1,469,505

$668,292

$467,056

Langley

$1,045,791

$552,483

$364,146

Delta – North

$963,194

$665,071

$314,140

Surrey – Central

$1,067,505

$554,339

$368,186

Surrey – Cloverdale

$982,141

$567,324

$356,921

Surrey - North

$977,320

$484,789

$365,584

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

View all Fraser Valley Statistics Packages


Natasha TaylorNatasha Taylor is an award winning Realtor based out of Sutton WestCoast Realty in White Rock, BC. She specializes in Surrey, South Surrey, White Rock, and Langley BC real estate. Please contact Natasha by phone at 778-316-4290 or by email ntaylor@sutton.com.

Leave a Comment