Fraser Valley Real Estate Stats | Condo For Sale Surrey 素里，兰里房

Fraser Valley Real Estate Stats Oct.2018. Compared to Sept.2018, the real estate market seems to increase a bit on Oct.2018. There were 1,115 homes sold in Oct.2018. Back to Oct.2017, there was 1,779 home sold last year.

Fraser Valley cities include Surrey, North Delta, Langley, Mission, and Abbotsford.

1,115 homes sold including the following:

438 houses sold
306 townhomes sold
297 condos sold

Furthermore, let’s take a look at the benchmark price in Fraser Valley areas. What is the benchmark price? Shouldn’t we just look at the average selling price? Not really. For an example: there are 4 properties for sale: A: 500k B: 900k, C: 1.5million, D: 2million – their average selling price is 1.1 million. Benchmark price includes most features of the home such as size, year of the building, #of bedrooms……for a similar type of properties.

Below is the Fraser Valley Benchmark price Activity:

House: $986,700
Townhouse: $536,700
Apartment: $432,800

While we analyze the market, we really like to use the active MLS listings VS home sold. Please check the chart below, it is easy to see the MLS listings reach to 7 thousand something, and the home sold rate remains under 2 thousand on Oct.2018. In other words, for every 7 listings, there is 1*home sold.