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As November settles in, the real estate market in South Surrey and White Rock continues to reflect a more balanced and thoughtful market. Activity remains consistent, but the pace has slowed seasonally, inventory levels are still elevated, and both buyers and sellers are making more measured decisions as the year winds down.

Here’s what we’re seeing on the ground this month:

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🏡 Detached Homes

Detached home sales declined modestly year-over-year, while activity also softened from October—a typical seasonal shift as we head toward year-end.

• Sales: 55 homes sold
• Benchmark Price: $1,746,100 (-6.0% YoY, +1.8% MoM)
• Active Listings: 552 (+18.2% YoY)
• New Listings: 114

🔍 Takeaway:
Inventory remains higher than this time last year, giving buyers more choice and negotiating room. That said, the month-over-month price increase suggests well-priced, well-presented homes are still finding traction. Sellers who remain realistic on pricing continue to see results, while move-up buyers may benefit from improved selection and a narrower price gap.

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🏘 Townhomes

The townhome market showed moderate but quieter activity, with sales up year-over-year but down slightly from October, reflecting both seasonal slowdown and buyer selectivity.

• Sales: 47
• Benchmark Price: $876,500 (-8.1% YoY, -0.6% MoM)
• Active Listings: 281 (+18.1% YoY)
• New Listings: 86

🔍 Takeaway:
This segment continues to move toward balance. Buyers are taking their time and negotiating more confidently, while sellers benefit most from sharp pricing and homes that stand out against growing inventory.

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🏙 Apartments

Condos remain the most price-sensitive and opportunity-driven segment of the market. Sales declined year-over-year and month-over-month, while pricing continues to adjust.

• Sales: 38
• Benchmark Price: $574,900 (-6.4% YoY, -0.7% MoM)
• Average Price: $583,498 (-21.2% YoY, -14.1% MoM)
• Active Listings: 345
• New Listings: 96

🔍 Takeaway:
This remains the most buyer-friendly category. First-time buyers and investors may find compelling opportunities as pricing softens further and inventory remains elevated—particularly for those with a longer-term outlook.

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🧭 What This Means for You

✅ Buyers
You have time, choice, and leverage—especially in the condo and townhome markets. For those considering an upsize, current conditions may offer a more comfortable transition between property types.

✅ Sellers
Homes are still selling, but preparation matters more than ever. Strategic pricing, thoughtful presentation, and strong marketing are essential to stand out in today’s market.

✅ Investors
With continued price adjustments—particularly in apartments—this could be a window to explore opportunities before conditions shift again in the new year.

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Whether you’re buying your first home, planning a move-up, or evaluating investment options, our team is here to help you navigate the market with clarity, confidence, and a plan that fits your life.

📩 Let’s connect and talk about your next steps—we’ll help you time your move just right.

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