The numbers are in, and the real estate market in South Surrey & White Rock is showing some interesting shifts across all property types.

Whether you’re a buyer, seller, or just keeping an eye on the market, here’s what you need to know:

Detached Homes 🏠

📉 Sales: 39 homes sold (-30.4% vs. Feb 2024, +11.4% vs. Jan 2025)
📊 New Listings: 163 (-1.2% vs. Feb 2024)
📈 Active Listings: 454 (+50.3% vs. Feb 2024)
💰 Benchmark Price: $1,844,400 (-4.1% vs. Feb 2024)
💵 Median Price: $1,900,000 (+5.1% vs. Feb 2024)
💲 Average Price: $2,117,166 (+4.6% vs. Feb 2024)

🔹 Key Takeaway: The detached market remains competitive, with more active listings giving buyers increased selection. Prices have softened slightly in benchmark value, but median and average prices are still holding strong.

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Townhouses 🏘

📈 Sales: 45 sold (+15.6% vs. Feb 2024, +57.6% vs. Jan 2025)
📊 New Listings: 104 (+20.1% vs. Feb 2024)
📈 Active Listings: 200 (+69.8% vs. Feb 2024)
💰 Benchmark Price: $927,500 (-3.2% vs. Feb 2024)
💵 Median Price: $1,068,000 (-8.7% vs. Feb 2024)
💲 Average Price: $1,083,777 (-6.1% vs. Feb 2024)

🔹 Key Takeaway: Townhomes are moving, with a huge jump in sales compared to last month. More inventory is coming to market, creating more balance, and buyers are seeing more negotiation opportunities with slightly lower pricing.

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Condos/Apartments 🏢

📉 Sales: 53 units sold (-22.1% vs. Feb 2024, +32.5% vs. Jan 2025)
📊 New Listings: 143 (+22.4% vs. Feb 2024)
📈 Active Listings: 365 (+77.2% vs. Feb 2024)
💰 Benchmark Price: $609,400 (-1.9% vs. Feb 2024)
💵 Median Price: $615,000 (+1.2% vs. Feb 2024)
💲 Average Price: $757,822 (+10.1% vs. Feb 2024)

🔹 Key Takeaway: The condo market has seen a big increase in available inventory, which is giving buyers more choices. While sales are down year-over-year, demand is still strong, as seen in the price growth for median and average values.

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What This Means for You

📌 For Buyers: More options are available across all property types! If you’ve been waiting for the right moment, now is a great time to explore your options, especially with more negotiability in townhomes and detached homes.

📌 For Sellers: Pricing strategically is key in today’s market. Detached homes and townhouses are seeing stronger activity, but with more listings available, standing out is crucial. If you’re thinking of selling, let’s talk strategy!

📌 For Investors: With condos seeing a spike in listings but still holding strong in price, this could be an opportunity to expand your portfolio while there’s more choice in the market.

Wondering how this compares to last months Market Report? Click HERE to see what happened in JANUARY 2025!

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👀 Curious about your home’s value in today’s market? Or thinking about making a move?

Let’s chat — Click HERE to book a call!

I’d love to help you navigate the current landscape and find the best strategy for your goals.