South of the Fraser

Surrey, Delta, White Rock and Langleys

Real estate statistics for South of the Fraser, October 2011

There's always potential. Sales and listings are up over last yearIt's still a buyer's market for residential real estate south of the Fraser River, according to the Fraser Valley Real Estate Board's October statistics package.

Download the 13-page report, complete with tables, regional break-downs and charts here.

Just looking at the totals, which covers Delta to Mission, here are the big overall numbers:

 October 2011 Detached Townhouse Apartment
Sales   573  219  209
New Listings  1,137  400  470
Average price  $ 605,027  $ 355,362  $ 229,669

 

 

 

 

 

There were more sales and listings than last year (12% or so), but a bit less than this past September.

The news release in the package gives this summary:

Below average home sales combined with a regular influx of new listings continue to give buyers the upper hand in communities south of the Fraser River, including Mission. However, according to the president of the Fraser Valley Real Estate Board, Sukh Sidhu, “There is action when the property is competitively priced."

An interesting project would be to connect this information with the population growth to get a sense of 1) where do new residents go and 2) where are all the people selling going? Do they stay in the Valley? Are they sizing up or down?

Introduction

Info on South of the Fraser River: Surrey, Delta, White Rock, City of Langley, Township of Langley, Fort Langley. Maybe a bit of Abbotsford, just for fun.

This site is experimental. See About (top right) for more, or Blog for meta-information. The working goal is to create an almanac of items, tidbits of information and methods of gathering information.

Right now the site is biased to just south of the Fraser River, within the northern reaches of great City of Surrey, but there is some foraging further afield.

Please This email address is being protected from spambots. You need JavaScript enabled to view it. with ideas or suggestions.