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.
Notably, there has been an increase in prices in some property types ,in some areas during February compared to the month prior. This is an early sign of a possible stabilization in pricing. It is too early to call it a trend, but it is worth watching closely over the next couple of months.
Once again, a lack of new listings is keeping active listings relatively low, in a historical context. We need to see more listings come to market to see a normalization of market conditions.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.