White Rock and Area

Market Statistics February 2010

Summary: March 4th, 2010.

The Board’s Multiple Listing Service® (MLS®) recorded 1,204 sales in February, an increase of 23 percent over January’s sales and an increase of 77 per cent over the 682 sales during February of last year.

Deanna Horn, president of the Board explains, “Although the phones were quieter and we did experienceless traffic at open houses, we were surprisingly busy given how much everyone, includingREALTORS® were enjoying the Games.

“Buyers are aware of two key changes that could impact their purchasing ability. The new mortgage rulescoming in April, plus the Harmonized Sales Tax in July, so the ‘Olympic effect’ we were expectingwasn’t as deep.”

The Board’s MLS® received 2,879 new listings in February, an average of 144 per business day,providing buyers with 14 per cent more selection than they had the previous month. The number ofactive listings in February was 8,485, 12 per cent fewer than were available during February last year.

Residential Detached

Unit Sales

Feb 10		65
Feb 09		46
Jan 10		62

Townhouses

Unit Sales

Feb 10		22
Feb 09		10
Jan 10		28

Apartments

Unit Sales

Feb 10		44
Feb 09		30
Jan 10		36

Note* The above stats are for the White Rock / South Surrey only and while thought to be accurate should not be relied upon without verification.