Below is a snapshot of home prices in the Fraser Valley residential real estate market for February 2023. This table includes prices for detached houses, townhouses and condos in North Delta, Surrey, Cloverdale, South Surrey, White Rock, Langley, Abbotsford and Mission.
From a historical perspective, there aren't a lot of active listings currently on the market. This seems to be having a stabilizing effect on prices for now. A more normalized level of active listings would be in the 6,000 to 7,000 range, compared to the approximately 4,000 currently available.
If you are in the market to buy a home, I can assist with a more neighbourhood and property type specific analysis for you. I can drill into more detailed statistics, depending on the home style and location you are interested in. Having a buyer's agent at your service can be hugely beneficial to you in understanding the dynamics of today's evolving market.