Fraser Valley & Surrey Real Estate Market Report | January 2025 | Vishav Brar
Fraser Valley & Surrey Real Estate Market Report | January 2025
Your comprehensive analysis brought to you by Vishav Brar, Surrey Real Estate Expert (Stonehaus Realty) - 604-754-8242
The Fraser Valley real estate market in January 2025 presents an interesting landscape. While economic uncertainties linger, a surge in inventory and relatively stable prices could be creating opportunities for savvy buyers. Let's dive into the details, drawing insights from the latest statistics from the Fraser Valley Real Estate Board and SnapStats® reports.
Key Market Indicators
Fraser Valley - Inventory & Sales (January 2025)
What Does This Mean for Buyers?
- Increased Selection: Fraser Valley inventory jumped 167% from December to January! Find your dream home.
- Price Stability: Composite Benchmark price decreased slightly by 0.03% to $964,800.
- Buyer's Market Conditions: The sales-to-active listings ratio sits at 11%, signaling an overall buyer's market, particularly for detached homes. Contact Vishav Brar to find the best deals!
What Does This Mean for Sellers?
- Competition is Higher: Increased inventory means homes need to stand out. Get expert advice.
- Realistic Pricing: Overpricing leads to longer days on market. Call 604-754-8242 for a market evaluation.
- Strategic Marketing: Emphasize unique features and target the right audience. Vishav Brar's marketing expertise can help: info@vishavbrar.com
Surrey Real Estate Market Snapshot (Detached Homes)
Market Type: Buyer's Market
The detached home market in Surrey indicates a Buyer's Market with a sales ratio of 7%. On average, homes are selling at approximately 100% of the list price.
Buyers Best Bet (Surrey Detached): Homes $2.5M-$3M, Fleetwood Tynehead, Queen Mary Park, & 2 bed or less.
Sellers Best Bet (Surrey Detached): Cedar Hills, West Newton, & minimum 3 bedroom properties.
Ready to buy or sell in Surrey? Contact Vishav Brar today!
Surrey Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Balanced Market
The attached home market in Surrey indicates a Balanced Market with a sales ratio of 12%. On average, homes are selling at approximately 100% of the list price.
Buyers Best Bet (Surrey Attached): Homes $600K-$700K, Panorama Ridge, Whalley, & up to 1 bedroom.
Sellers Best Bet (Surrey Attached): Fraser Heights & minimum 4 bedroom properties.
Considering selling your condo or townhome in Surrey? Contact Vishav Brar for a free market evaluation.
South Surrey / White Rock Real Estate Market Snapshot (Detached Homes)
Market Type: Buyer's Market
The detached home market in S. Surrey / White Rock indicates a Buyer's Market with a sales ratio of 9%. Homes are selling on average 3% below list price
Buyers Best Bet (South Surrey / White Rock Detached): Homes $3M-$3.5M, Crescent Beach Ocean Park, Grandview, Morgan Creek & White Rock.
Sellers Best Bet (South Surrey / White Rock Detached): King George Corridor & 3-4 bedroom properties.
Need to find the right buyer or home? Contact Vishav Brar for help!
South Surrey / White Rock Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Balanced Market
The attached home market in S. Surrey / White Rock indicates a Balanced Market with a sales ratio of 14%. Homes are selling on average 2% below list price
Buyers Best Bet (S. Surrey / White Rock Attached): Homes $1.25M-$1.5M, Pacific Douglas, White Rock & 2 bedroom.
Sellers Best Bet (S. Surrey / White Rock Attached): Sunnyside Park & up to 1 bedroom properties.
Selling your condo/townhome in South Surrey/White Rock? Contact Vishav Brar!
North Delta Real Estate Market Snapshot (Detached Homes)
Market Type: Buyer's Market
The detached home market in North Delta indicates a Buyer's Market with a sales ratio of 10%. Homes are selling on average 5% below list price
Buyers Best Bet (North Delta Detached): Homes $1.25M-$1.5M, Scottsdale & 5-6 bed properties.
Sellers Best Bet (North Delta Detached): Annieville, Sunshine Hills Woods & min 7 bed properties.
Looking to buy or sell in North Delta? Contact Vishav Brar today!
North Delta Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Balanced Market
The attached home market in North Delta indicates a Balanced Market with a sales ratio of 16%. Homes are selling on average 5% below list price
Buyers Best Bet (North Delta Attached): Homes $600K-$700K, Annieville & 2 bedroom.
Sellers Best Bet (North Delta Attached): Scottsdale & up to 1 bedroom properties
Ready to navigate the North Delta Real Estate Market? Contact Vishav Brar!
Cloverdale Real Estate Market Snapshot (Detached Homes)
Market Type: Balanced Market
The detached home market in Cloverdale indicates a Balanced Market with a sales ratio of 20%. Homes are selling on average 1% below list price
Buyers Best Bet (Cloverdale Detached): Homes $1.75M-$2M, Cloverdale & min 7 bedroom properties.
Sellers Best Bet (Cloverdale Detached): Clayton & 3-4 bed properties.
Find the right home or buyer in Cloverdale with Vishav Brar!
Cloverdale Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Seller's Market
The attached home market in Cloverdale indicates a Seller's Market with a sales ratio of 34%. Homes are selling on average 2% below list price
Buyers Best Bet (Cloverdale Attached): Homes $1M-$1.25M, Cloverdale & min 4 bedroom properties.
Sellers Best Bet (Cloverdale Attached): Clayton & 3 bedroom properties
Considering your options in Cloverdale's real estate market? Contact Vishav Brar!
Langley Real Estate Market Snapshot (Detached Homes)
Market Type: Buyer's Market
The detached home market in Langley indicates a Buyer's Market with a sales ratio of 11%. Homes are selling on average 2% below list price
Buyers Best Bet (Langley Detached): Homes $1.75M-$2M, Aldergrove, Brookswood & 2 / min 7 bed properties.
Sellers Best Bet (Langley Detached): Walnut Grove & 5-6 bedroom properties
Find your ideal buyer or seller in Langley with Vishav Brar!
Langley Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Seller's Market
The attached home market in Langley indicates a Seller's Market with a sales ratio of 24%. Homes are selling on average 2% below list price
Buyers Best Bet (Langley Attached): Homes $1.25M-$1.5M, Fort Langley & min 4 bedroom properties.
Sellers Best Bet (Langley Attached): Murrayville, Walnut Grove & 3 bedroom properties
Navigating the Seller's Market in Langley? Contact Vishav Brar!
Abbotsford Real Estate Market Snapshot (Detached Homes)
Market Type: Balanced Market
The detached home market in Abbotsford indicates a Balanced Market with a sales ratio of 13%. Homes are selling on average 5% below list price
Buyers Best Bet (Abbotsford Detached): Homes $1.5M-$2M, Aberdeen & min 7 bedroom properties.
Sellers Best Bet (Abbotsford Detached): Abbotsford East, Poplar & 3-6 bed properties.
Get matched with the perfect detached home in Abbotsford - Contact Vishav Brar!
Abbotsford Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Balanced Market
The attached home market in Abbotsford indicates a Balanced Market with a sales ratio of 16%. Homes are selling on average 1% below list price
Buyers Best Bet (Abbotsford Attached): Homes $600K-$700K, Abbotsford West & 2-3 bedroom properties.
Sellers Best Bet (Abbotsford Attached): Abbotsford East, Central Abbotsford & up to 1 bedroom properties.
Need Expert help in the Abbotsford Real Estate Market - Contact Vishav Brar!
Mission Real Estate Market Snapshot (Detached Homes)
Market Type: Balanced Market
The detached home market in Mission indicates a Balanced Market with a sales ratio of 13%. Homes are selling on average 4% below list price
Buyers Best Bet (Mission Detached): Homes $1.25M-$1.5M, Mission & 3-4 bedroom properties.
Sellers Best Bet (Mission Detached): Lake Errock & 5-6 bedroom properties
Find Your Ideal Home In Mission By Contacting Vishav Brar!
Mission Real Estate Market Snapshot (Attached Homes - Condos & Townhomes)
Market Type: Balanced Market
The attached home market in Mission indicates a Balanced Market with a sales ratio of 12%. Homes are selling on average 1% below list price
Buyers Best Bet (Mission Attached): Homes $700K-$800K & 2 bedroom properties.
Sellers Best Bet (Mission Attached): Mission & 3 bedroom properties
Ready To Take The Next Step in Mission Real Estate? Contact Vishav Brar!
Fraser Valley Market Trends by Property Type
| Property Type | Benchmark Price | Change from Dec 2024 | Change from Jan 2024 |
|---|---|---|---|
| Single-Family Detached | $1,482,400 | +0.1% | +0.6% |
| Townhomes | $826,000 | -0.2% | -0.2% |
| Apartments/Condos | $534,600 | +0.1% | -1.2% |
Benchmark Prices by Property Type (January 2025)
Days on Market
| Property Type | Average Days on Market |
|---|---|
| Detached Homes | 52 days |
| Condos | 42 days |
| Townhomes | 38 days |
Average Days on Market (January 2025)
Expert Advice
"The market appears to be in a holding pattern at the moment," said Baldev Gill, CEO of the Fraser Valley Real Estate Board. "There is no doubt that economic uncertainty is playing a role. The confluence of these conditions could provide unique buying opportunities, but we urge buyers and sellers to work with a REALTOR® to ensure they align with financial objectives."
Ready to navigate the Fraser Valley real estate market? Contact Vishav Brar, your trusted local real estate expert. Email: info@vishavbrar.com | Phone: 604-754-8242
Final Thoughts
January 2025 in the Fraser Valley real estate market presents a mixed bag. The surge in inventory provides opportunities for buyers, while sellers need to be strategic in their pricing and marketing approach. Keeping a close eye on these trends and seeking expert advice will be crucial for navigating the market successfully.
Disclaimer: The data and analysis presented here are based on information from the Fraser Valley Real Estate Board as of February 2, 2025, and SnapStats® reports. Market conditions are subject to change. Contact Vishav Brar for personalized advice: info@vishavbrar.com | 604 754 8242.
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