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Posted in Pacific Douglas, South Surrey White Rock Real Estate
I have sold a property at 61 350 174 ST in Surrey

I have sold a property at 61 350 174 ST in Surrey. See details here

Rare opportunity to call the prestigious Greens at Douglas home. Main floor living at it's finest in this beautiful craftsman style corner unit. Inviting open floor plan is an entertainers delight and preparing meals or hosting brunches has never been easier, this gourmet kitchen is a chef's dream with ample counter space and a generous island. The main flr primary b/rm boasts soaring vaulted ceiling and spacious 5 pce ensuite. The inviting multi-function lower level is perfect for movie, game nights, hobbies and more. West facing backyard, perfect for hosting summer BBQ's. Great Clubhouse for socializing, larger gatherings or working out in the exercise room, or practice your putting out back. The Greens is a place where strangers quickly become friends. 55+ Open house April 29th & 30th.

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The Metro Vancouver market has once again demonstrated it's resiliency. 
 
Fewer listings than last year is fuelling a rebound to last years prices more swiftly than anticipated, and the incidence of multiple offers continues to escalate.
 
It remains to be seen if the increase in prices will encourage more sellers back into the market, which may alleviate some of the pressure. It is also difficult to predict whether the Federal Government will raise interest rates sooner than expected?
 
There are areas of Metro Vancouver where supply may be better for your particular needs, call me anytime to explore your options. 
 
 
 
 
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In March the year over year sale price was down 17% In April it dropped to 9% narrowing the gap between 2022 and 2023 sale prices.
Month over month the number of listings increased by 74, however year over year there are 993 fewer listings compared to last year.
With sale prices moving towards the peak of last year, it is possible that we will see more sellers enter the market in May.
 
 
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Posted in Pacific Douglas, South Surrey White Rock Real Estate
New property listed in Pacific Douglas, South Surrey White Rock

I have listed a new property at 61 350 174 ST in Surrey. See details here

Rare opportunity to call the prestigious Greens at Douglas home. Main floor living at it's finest in this beautiful craftsman style corner unit. Inviting open floor plan is an entertainers delight and preparing meals or hosting brunches has never been easier, this gourmet kitchen is a chef's dream with ample counter space and a generous island. The main flr primary b/rm boasts soaring vaulted ceiling and spacious 5 pce ensuite. The inviting multi-functional lower level is perfect for movie, game nights, hobbies and more. West facing backyard, perfect for hosting summer BBQ's. Great Clubhouse for socializing, larger gatherings or working out in the exercise room, or practice your putting out back. The Greens is a place where strangers quickly become friends. Open House April 29th & 30th.

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Posted in Pacific Douglas, South Surrey White Rock Real Estate
Open House. Open House on Saturday, April 29, 2023 1:00PM - 3:00PM

Please visit our Open House at 61 350 174 ST in Surrey. See details here

Open House on Saturday, April 29, 2023 1:00PM - 3:00PM

Rare opportunity to call the prestigious Greens at Douglas home. Main floor living at it's finest in this beautiful craftsman style corner unit. Inviting open floor plan is an entertainers delight and preparing meals or hosting brunches has never been easier, this gourmet kitchen is a chef's dream with ample counter space and a generous island. The main flr primary b/rm boasts soaring vaulted ceiling and spacious 5 pce ensuite. The inviting multi-functional lower level is perfect for movie, game nights, hobbies and more. West facing backyard, perfect for hosting summer BBQ's. Great Clubhouse for socializing, larger gatherings or working out in the exercise room, or practice your putting out back. The Greens is a place where strangers quickly become friends. Open House April 29th & 30th.

Read

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Posted in Pacific Douglas, South Surrey White Rock Real Estate
Open House. Open House on Sunday, April 30, 2023 2:00PM - 4:00PM

Please visit our Open House at 61 350 174 ST in Surrey. See details here

Open House on Sunday, April 30, 2023 2:00PM - 4:00PM

Rare opportunity to call the prestigious Greens at Douglas home. Main floor living at it's finest in this beautiful craftsman style corner unit. Inviting open floor plan is an entertainers delight and preparing meals or hosting brunches has never been easier, this gourmet kitchen is a chef's dream with ample counter space and a generous island. The main flr primary b/rm boasts soaring vaulted ceiling and spacious 5 pce ensuite. The inviting multi-functional lower level is perfect for movie, game nights, hobbies and more. West facing backyard, perfect for hosting summer BBQ's. Great Clubhouse for socializing, larger gatherings or working out in the exercise room, or practice your putting out back. The Greens is a place where strangers quickly become friends. Open House April 29th & 30th.

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There has been a marginal increase in the inventory as we enter the Spring Market, but not nearly enough to keep pace with the buyer demand, consequently multiple offers are back in play sooner than many expected. 
 
In the South Surrey/White Rock area, the average property was on the market for 53 days in January, the sales ratio was 12%, below 12% is considered a buyers market.  For March, the average days on market dropped to 13, the sales ratio jumped to 44%, anything above 20% is considered a sellers market.
 
Some areas in Fraser Valley and Metro Vancouver have more inventory than others, please get in touch with me anytime to find out which area offers the best selection for your individual needs.
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Multiple offer scenarios have been on the rise since early February, largely driven by a lack of supply. Properties that show well and are priced right for the market are prime candidates.
 
The supply is slowly increasing as we enter into the Spring Market, but not at the numbers needed to balance the market which is when the sales ratio sits between 12 and 20%
 
For buyers with flexibility in terms of location, there are neighborhoods in Metro Vancouver where the odds of finding a suitable property in your price range is more promising. Feel free to call me anytime for specifics. 
 
 
 
 
 
 
 
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For buyers looking at attached properties, only the West Vancouver and Downtown areas fall within the balanced market range, while all other areas are considered to be sellers' markets. Notably, the Ladner area has a particularly high seller's market percentage of 56%.

This is a significant deviation from the situation in January, when four communities in the Metro Vancouver area were buyers' markets ten were balanced, and four were sellers'.

As for detached properties, seven areas are currently sellers' markets, while the rest are balanced, with the exception of West Vancouver, which is a buyers' market.

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From January to February all communities in the Fraser Valley showed increases in sellers market territory. Cloverdale in particular had a selling rate of 56% 
 
Compare that to the December to January stats, where Abbotsford was the only community that did not see a significate decrease in the home selling rate for attached properties.
 
Overall, these fluctuations in the Real Estate market from area to area and month to month, demonstrate the importance of staying up-to-date on market trends and statistics to make informed decisions when buying or selling a property.
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While the market may appear balanced overall, the limited selection of quality listings has led to a situation where some buyers are unexpectedly faced with multiple competitors bidding for the same property.
 
 
 
 
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Categories:   Fraser Valley Real Estate | Greater Vancouver Real Estate Market | Metro Vancouver Real Estate | Pacific Douglas, South Surrey White Rock Real Estate
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