Fraser Valley Real Estate Market Report – March 2025 | Trends, Prices & Sales Data
Fraser Valley Real Estate Market Report
March 2025
Prepared by: Vishav Brar | Stonehaus Realty
Phone: 604-754-8242 | Email: info@vishavbrar.com
Website: surreyrealestatefinder.ca
Fraser Valley Market Summary
| Area | Detached Homes | Attached Homes |
|---|---|---|
| Surrey | Buyers Market (6%) | Balanced Market (12%) |
| South Surrey/White Rock | Buyers Market (7%) | Balanced Market (16%) |
| Langley | Balanced Market (16%) | Sellers Market (25%) |
| Abbotsford | Buyers Market (11%) | Balanced Market (16%) |
| Mission | Balanced Market (13%) | Balanced Market (12%) |
Recommendations for Buyers
Look for opportunities in areas with low sales ratios:
- Detached homes in Surrey, South Surrey/White Rock, and Abbotsford
- Higher-priced properties ($1.75M+) across most regions
- Smaller communities like Lake Errock, Abbotsford West, and Cedar Hills
- Properties with 7+ bedrooms, which typically have lower sales ratios
Recommendations for Sellers
Focus on market segments with higher sales ratios:
- Attached homes in Langley
- Specific neighborhoods like Fort Langley, Walnut Grove, and Guildford
- Price points between $400k-$700k for attached homes
- 3-bedroom attached properties and 3-4 bedroom detached homes
- Lower-priced detached homes in the $1M-$1.25M range
Surrey Market Overview
Detached Homes
The detached home market in Surrey is firmly in a Buyers Market with a sales ratio of 6% (6 in 100 homes selling rate). Homes are selling on average 2% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $900k-1M | 6 | 1 | 17% |
| $1M-1.25M | 57 | 14 | 25% |
| $1.25M-1.5M | 282 | 27 | 10% |
| $1.5M-1.75M | 241 | 16 | 7% |
| $1.75M-2M | 218 | 5 | 2% |
| $2M-2.25M | 61 | 2 | 3% |
| $2.25M-2.5M | 105 | 4 | 4% |
| TOTAL | 1,140 | 73 | 6% |
Area Breakdown - Detached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Bear Creek Green Timbers | 86 | 3 | 3% |
| Cedar Hills | 61 | 2 | 3% |
| East Newton | 109 | 11 | 10% |
| Fleetwood Tynehead | 146 | 15 | 10% |
| Sullivan Station | 68 | 7 | 10% |
Buyers Best Bet
Homes priced between $1.75M-$3M, properties in Bear Creek Green Timbers and Cedar Hills, and properties with up to 2 bedrooms.
Sellers Best Bet
Properties in East Newton, Fleetwood Tynehead, Sullivan Station, and homes with 3 to 4 bedrooms.
Attached Homes (Condos & Townhomes)
The attached home market in Surrey shows a balanced market with a sales ratio of 12% (1.2 in 10 homes selling rate). Homes are selling on average 3% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $200k-300k | 7 | 8 | 114% |
| $300k-400k | 79 | 13 | 16% |
| $400k-500k | 325 | 41 | 13% |
| $500k-600k | 294 | 25 | 9% |
| $600k-700k | 287 | 33 | 11% |
| $700k-800k | 193 | 16 | 8% |
| TOTAL | 1,566 | 187 | 12% |
Area Breakdown - Attached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Bear Creek Green Timbers | 36 | 7 | 19% |
| Guildford | 134 | 26 | 19% |
| East Newton | 93 | 15 | 16% |
| Sullivan Station | 139 | 21 | 15% |
| Whalley | 721 | 63 | 9% |
Buyers Best Bet
Homes priced between $700k-$800k, properties in Bolivar Heights and Whalley, and properties with up to 2 bedrooms.
Sellers Best Bet
Properties in Guildford, Bear Creek Green Timbers, and homes with 3 bedrooms.
South Surrey & White Rock Market Overview
Detached Homes
The detached home market in South Surrey & White Rock is in a Buyers Market with a sales ratio of 7% (7 in 100 homes selling rate). Homes are selling on average 4% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $800k-900k | 1 | 1 | 100% |
| $1.25M-1.5M | 43 | 5 | 12% |
| $1.5M-1.75M | 97 | 10 | 10% |
| $1.75M-2M | 95 | 10 | 11% |
| $2M-2.25M | 36 | 3 | 8% |
| $2.25M-2.5M | 60 | 6 | 10% |
| TOTAL | 549 | 41 | 7% |
Area Breakdown - Detached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Morgan Creek | 35 | 8 | 23% |
| Crescent Beach Ocean Park | 82 | 7 | 9% |
| King George Corridor | 69 | 5 | 7% |
| White Rock | 132 | 5 | 4% |
Buyers Best Bet
Homes priced between $2.5M-$3M, properties in White Rock, and properties with 7+ bedrooms.
Sellers Best Bet
Properties in Morgan Creek and homes with 3 to 6 bedrooms.
Attached Homes (Condos & Townhomes)
The attached home market in South Surrey & White Rock is in a Balanced Market with a sales ratio of 16% (1.6 in 10 homes selling rate). Homes are selling on average 1% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $400k-500k | 26 | 8 | 31% |
| $500k-600k | 107 | 17 | 16% |
| $600k-700k | 108 | 12 | 11% |
| $800k-900k | 79 | 15 | 19% |
| $1M-1.25M | 107 | 22 | 21% |
| TOTAL | 675 | 106 | 16% |
Area Breakdown - Attached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Elgin Chantrell | 13 | 4 | 31% |
| Sunnyside Park | 44 | 12 | 27% |
| Crescent Beach Ocean Park | 11 | 3 | 27% |
| Grandview | 169 | 28 | 17% |
| White Rock | 206 | 22 | 11% |
Buyers Best Bet
Homes priced between $600k-$700k, properties in White Rock, and 2-bedroom properties.
Sellers Best Bet
Properties in Crescent Beach Ocean Park, Elgin Chantrell, Sunnyside Park, and homes with 3 bedrooms.
Langley Market Overview
Detached Homes
The detached home market in Langley is in a Balanced Market with a sales ratio of 16% (1.6 in 10 homes selling rate). Homes are selling on average 3% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $3M-3.5M | 10 | 3 | 30% |
| $1.5M-1.75M | 100 | 23 | 23% |
| $1M-1.25M | 41 | 10 | 24% |
| $1.25M-1.5M | 114 | 17 | 15% |
| $1.75M-2M | 71 | 11 | 15% |
| TOTAL | 480 | 79 | 16% |
Area Breakdown - Detached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Fort Langley | 16 | 9 | 56% |
| Walnut Grove | 45 | 13 | 29% |
| Willoughby Heights | 115 | 24 | 21% |
| Brookswood | 91 | 12 | 13% |
| Aldergrove | 55 | 3 | 5% |
Buyers Best Bet
Homes priced between $2.25M-$2.75M, properties in Aldergrove and Campbell Valley, and properties with up to 2 bedrooms.
Sellers Best Bet
Properties in Fort Langley and homes with 3 to 6 bedrooms.
Attached Homes (Condos & Townhomes)
The attached home market in Langley is in a Sellers Market with a sales ratio of 25% (2.5 in 10 homes selling rate). Homes are selling on average 2% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $500k-600k | 138 | 41 | 30% |
| $400k-500k | 93 | 27 | 29% |
| $600k-700k | 112 | 32 | 29% |
| $700k-800k | 101 | 25 | 25% |
| $800k-900k | 94 | 24 | 26% |
| TOTAL | 699 | 176 | 25% |
Area Breakdown - Attached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Walnut Grove | 42 | 18 | 43% |
| Willoughby Heights | 394 | 107 | 27% |
| Langley City | 191 | 40 | 21% |
| Murrayville | 24 | 5 | 21% |
Buyers Best Bet
Homes priced between $1.25M-$1.5M, properties in Salmon River, and properties with 4+ bedrooms.
Sellers Best Bet
Properties in Walnut Grove and homes with 2 bedrooms.
Abbotsford Market Overview
Detached Homes
The detached home market in Abbotsford is in a Buyers Market with a sales ratio of 11% (1.1 in 10 homes selling rate). Homes are selling on average 2% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $800k-900k | 9 | 5 | 56% |
| $900k-1M | 29 | 8 | 28% |
| $1M-1.25M | 159 | 20 | 13% |
| $1.25M-1.5M | 120 | 11 | 9% |
| $1.5M-1.75M | 54 | 2 | 4% |
| TOTAL | 451 | 51 | 11% |
Area Breakdown - Detached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Abbotsford East | 155 | 31 | 20% |
| Abbotsford West | 137 | 9 | 7% |
| Central Abbotsford | 89 | 4 | 4% |
| Matsqui | 24 | 2 | 8% |
Buyers Best Bet
Homes priced between $1.5M-$2M, properties in Aberdeen and Central Abbotsford, and properties with 7+ bedrooms.
Sellers Best Bet
Properties in Abbotsford East and homes with 3 to 4 bedrooms.
Attached Homes (Condos & Townhomes)
The attached home market in Abbotsford is in a Balanced Market with a sales ratio of 16% (1.6 in 10 homes selling rate). Homes are selling on average 3% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $900k-1M | 15 | 4 | 27% |
| $200k-300k | 17 | 3 | 18% |
| $300k-400k | 89 | 16 | 18% |
| $400k-500k | 112 | 16 | 14% |
| $500k-600k | 86 | 14 | 16% |
| TOTAL | 501 | 79 | 16% |
Area Breakdown - Attached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Abbotsford East | 59 | 13 | 22% |
| Central Abbotsford | 213 | 38 | 18% |
| Abbotsford West | 204 | 25 | 12% |
| Poplar | 21 | 2 | 10% |
Buyers Best Bet
Homes priced between $700k-$800k, properties in Abbotsford West and Poplar, and properties with 2-3 bedrooms.
Sellers Best Bet
Properties in Abbotsford East and units with up to 1 bedroom.
Mission Market Overview
Detached Homes
The detached home market in Mission is in a Balanced Market with a sales ratio of 13% (1.3 in 10 homes selling rate). Homes are selling on average 4% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $1M-1.25M | 82 | 17 | 21% |
| $800k-900k | 26 | 5 | 19% |
| $700k-800k | 15 | 2 | 13% |
| $900k-1M | 30 | 2 | 7% |
| $1.25M-1.5M | 51 | 5 | 10% |
| TOTAL | 244 | 31 | 13% |
Area Breakdown - Detached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Hatzic | 18 | 3 | 17% |
| Mission | 182 | 27 | 15% |
| Lake Errock | 14 | 1 | 7% |
Buyers Best Bet
Homes priced between $900k-$1M, properties in Lake Errock, and properties with up to 4 bedrooms.
Sellers Best Bet
Properties in Hatzic and Mission, and homes with 5 to 6 bedrooms.
Attached Homes (Condos & Townhomes)
The attached home market in Mission is in a Balanced Market with a sales ratio of 12% (1.2 in 10 homes selling rate). Homes are selling on average 1% below list price.
| Price Range | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| $500k-600k | 9 | 2 | 22% |
| $600k-700k | 19 | 3 | 16% |
| $700k-800k | 17 | 3 | 18% |
| $400k-500k | 21 | 2 | 10% |
| TOTAL | 83 | 10 | 12% |
Area Breakdown - Attached Homes
| Area | Inventory | Sales | Sales Ratio |
|---|---|---|---|
| Mission West | 5 | 1 | 20% |
| Mission | 64 | 9 | 14% |
| Hemlock | 14 | 0 | 0% |
Buyers Best Bet
Homes priced between $400k-$500k and properties with up to 1 bedroom.
Sellers Best Bet
Properties in Mission and homes with 4+ bedrooms.
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