Fraser Valley Home Prices JUMP In August 2024

September is here and the fall market is right around the corner. So what are we seeing in terms of sales, listings and sales prices in the Fraser Valley?

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the FVREB stats package and reviews the number of sales, new listings, active listings and average sale price over each property asset class for the month of August 2024, and provides his take on what it all means.

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

[Kooshawl]

Curious to find out if you have been seeing considerably fewer first time home buyers over the past few months, or if things have remained mostly the same compared to previous years?

[waynes.]

Nice summary Steve. Looking forward to the next 12 months of observing the charts for Surrey.

[vicibib]

If only a few high end homes sell, then it makes it look like prices are rising when their not.

[vicibib]

"He gave his staff the month off"
There all working at McDonalds now.

[borneo]

My neighbour selling their detached rancher close to the assessment value. They were offered avg 90K less by various buyers. They are relisting in Spring.

[anthonydavis]

Hey Steve what's your opinion on buying a place with an unauthorized suite in Surrey.

[phfqemp]

Interesting to see the huge price gap between THs and Single Family home prices - from about $150k in 2005 to almost $800k today. The delta to get into that single family home as soared. The single family home seems to be going the way of the DoDo bird, which probably will help values. IMO.

[SensibleNonsense]

Saw a townhome in Clayton recently list at 1, 099, 000.00 then after 2-3 weeks, drop to 1, 075, 000.00. With your emphasis on how important week 1 attention is, listing at peak pricing seems insane!!

[OTPLAYLIST]

Given there r more housing stock now compared to say 10
years ago, so 8000 active listing now is not as bad as 80”0 active listing 10 years ago?

[chriswiens]

Another click bait title. So disappointing and unsubscribed from your nonsense agenda.