White Rock and Area

Market Statistics April 2010

Summary: May 4th, 2010.

The Fraser Valley Real Estate Board received 3,760 new listings in April compared to 2,477 new listings received during the same month last year, an increase of 51.8 per cent. The new inventory increased the number of active listings to the second highest April on record, reaching 10,635, with only April 1995, at 11,891, offering more selection.

Along with the surge in listings, April sales remained strong, similar to the same month in 2007 and 2008, finishing with 1,793 total units sold, an increase of 38.7 per cent compared to the 1,293 sales sold in April of last year when the market was beginning to recover.

“A number of factors are motivating buyers. Spring is one of the most popular times of year to house hunt, plus interest rates are edging up and buyers are inquiring about the upcoming Harmonized Sales Tax in BC.”

Residential Detached

Unit Sales

Apr 10		123
Apr 09		104
Mar 10		98

Townhouses

Unit Sales

Apr 10		46
Apr 09		36
Mar 10		43

Apartments

Unit Sales

Apr 10		52
Apr 09		47
Mar 10		56

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.