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White Rock / South Surrey Condominium Market Update April 2024

Home » Market Updates » White Rock / South Surrey Condominium Market Update April 2024

The Fraser Valley Real Estate Board recently published the MLS® statistics for the White Rock / South Surrey real estate market, among others, for April 2024.

In this post, we’re going to take a close look at key numbers for the White Rock / South Surrey condominium market for April 2024 – including sales, new listings, active listings, as well as benchmark, median and average prices for condominiums for sale in White Rock / South Surrey.

We're also going to see what kind of shape the condominium market in White Rock / South Surrey was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.

We are seeing a relatively calm and balanced market right now. Which means buyers have time to shop around and purchase a home without the pressure of a few years ago, and while prices are holding fairly steady across all property types.

Jeff Chadha – President, Fraser Valley Real Estate Board

And we're going to look at how the White Rock / South Surrey MLS® numbers for April 2024 compare with the numbers for April 2023 and for March 2024.

Highlights of FVREB MLS® Data on White Rock / South Surrey Condominium Listings and Sales

Here's a high-level snapshot of listing and sales activity for White Rock / South Surrey condominiums in April 2024.

  • 89 Sales
  • 175 New Listings
  • 254 Active listings
  • $641,500 Benchmark Price
  • $658,000 Median Price
  • $743,206 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 35.04%, indicating that it was a Seller's Market for condominiums in White Rock / South Surrey in April 2024 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).

Please note: If you want the most accurate and up-to-date data on White Rock / South Surrey MLS® listing and sales activity for condominiums, you need to speak with a real estate agent.

White Rock / South Surrey Condominium Market Changes

Following are some of the highlights for condominiums for sale in White Rock / South Surrey in April 2024:

  • There were 89 condominium sales in White Rock / South Surrey in April 2024 – an increase of 7.23% over April 2023 and an increase of 48.33% over March 2024
  • There were 175 new listings of condominiums in White Rock / South Surrey in April 2024 – an increase of 49.57% over April 2023 and an increase of 57.66% over March 2024
  • The average price of a condominium in White Rock / South Surrey in April 2024 was $743,206 – an increase of 6.06% over April 2023 and a decrease of -8.28% over March 2024

If you're really keen to understand what happened in the market for condominium in White Rock / South Surrey in April 2024, make sure you check out the next section.

Detailed Overview of the Market for Condominiums in White Rock / South Surrey

Check out the table below for more detailed information on what happened in the White Rock / South Surrey condominium market in April 2024 and see how it compares with the previous year and previous month.

White Rock / South Surrey Condominium Stats

Metric Apr 2024 Apr 2023 % Change Mar 2024 % Change
Sales 89 83 7.23% 60 48.33%
New Listings 175 117 49.57% 111 57.66%
Active Listings 254 172 47.67% 224 13.39%
Benchmark Price $641,500 $610,800 5.03% $635,500 0.94%
Median Price $658,000 $589,000 11.71% $699,000 -5.87%
Average Price $743,206 $700,718 6.06% $810,331 -8.28%

Disclaimer

All of the data for the monthly real estate market updates are taken directly from the MLS® statistics packages that the Fraser Valley Real Estate Board publishes every month.

Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the latest MLS® statistics for the White Rock / South Surrey real estate market.

Or, better still, speak directly with a real estate agent who specializes in White Rock / South Surrey condominiums who will be able to provide you with the most accurate, up to the minute information on – and insights into – the White Rock / South Surrey real estate market.

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