White Rock and Area

Market Statistics March 2011

Summary: April 4th, 2011.

MARCH HOME SALE ACTIVITY REACHES

5-YEAR HIGH IN FRASER VALLEY

Last month, Fraser Valley REALTORS® experienced their busiest March in terms of sales on the Multiple Listing Service®, since 2006.

The Fraser Valley Real Estate Board processed 1,818 property sales in March, an increase of 16 per cent compared to 1,565 sold during March of last year, and an increase of 42 per cent compared to February’s 1,279 sales. In March of 2006, there were 2,072 sales.

Sukh Sidhu, Board president, explains, “We are seeing strong demand in Fraser Valley but not necessarily for every product type in every community, underlining the importance for consumers to ask their REALTOR® for a detailed, local market analysis.

“For example, sales of single family detached homes in White Rock/South Surrey increased by over 150 per cent in March compared to last year, however in Abbotsford they were down by almost 7 per cent. The property type that saw the largest increase in sales in Abbotsford during the month of March was condominiums.”

Unit Sales

Detached

March 11		249
March 10		98
Feb 11		145

Townhouses

Unit Sales

March 11		44
March 10		43
Feb 11		25

Apartments

Unit Sales

March 11		59
March 10		56
Feb 11		48

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.