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Enjoy our October, 2019 newsletter.
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Well, the big news for us this month is our move from Bay Realty to Macdonald Realty! Both of us started our real estate careers with Bay and loved working there. We really appreciated being with a company that was an integral part of the White Rock/South Surrey community for over 40 years. For Rhys this was particularly bittersweet. Rhys grew up with Bay as his father was one of the long-time owners. But the time was right for Bay to join forces with Macdonald and become part of an organization with offices located throughout the Lower Mainland and in China.

After a combined 25 years at Bay Realty it feels a bit strange for us to walk in the door of the new office. However, it is not an entirely new experience as we know many of the local Macdonald realtors. We have enjoyed working with Macdonald realtors in the past and very much appreciated their professionalism. It is reassuring to know we are joining a real estate team that has the same dedication to clients as we have. To be a part of that team is exciting and we are looking forward to working at Macdonald.

If you want to come and see our new offices, we are located at 100 2429 152nd. And of course, if you have any questions about the market, do give us a call (see more below).
SOUTH SURREY/WHITE ROCK REAL ESTATE STATISTICS
SEPTEMBER SUMMARY   
  • September was noticeably busier both in terms of sales and the number of new listings coming on the market when compared to last month and the same month last year.
  • We have seen a lot of buyers wanting to enter the market for some time but holding off for fear of buying in a downward moving market. Buyers seem to feel more confident that the time is right for buying into the market.
    Sellers are also recognizing that the market has changed and pricing accordingly, resulting in more sales.
  • For detached houses, there was a spike in new listings this month, though the overall active listings actually dipped. This is likely due to the increase in sales and some listings, long on the market, being taken off. 
  • The significant increase in sales compared to last year is promising for the market overall.
  • The attached market is picking up steam with new listings, active listings, and sales up when compared to August and to the same time last year (other than townhouse sales a year ago). This reflects our comments from last month when we noted that the summer is traditionally slower  and that we expected to see more activity in September. Buyers are having an increased selection from which to choose.
  • We continue to see a lot of activity for condos, more so than townhouses. First-time buyers are definitely taking advantage of the market correction and taking the opportunity to get into the market by buying a condo. 
  • When sales are broken down for South Surrey/White Rock we saw the following: 
    • 39% of the total attached market sales were condos priced under $500,000.
    • The most active price band for attached properties - both condos and townhouses - was between $300K - $600K, accounting for 64% of all the attached properties sold.
    • detached houses priced below $1,500,000 totalled 63% of the total sales for houses; with those between $1,000,000 - $1,500,000 accounting for 48% of the sales last month. There were 6 sales above $2,000,000
    • for detached homes, there were 10 sales for every 100 active listings (a 10% sales to active listings ratio*).
    • the overall attached South Surrey/White Rock market has a 21% sales ratio average (21 sales for every 100 listings). 
* A sales to active listings ratio between 12 to 20 percent is considered a balanced market. Below 12 percent is considered a buyer's market and above 20 percent is considered a seller's market. 
Interested in reading the full statistics package for the Fraser Valley?
Click on the link below for more information.
Fraser Valley Statistics
Thank you!

This month we need to turn the tables and say a big thank you to Anita, our office manager, Ramona, our legal beagle,and Cathy, our number cruncher. These ladies have been the support team at Bay Realty for the past 10 years and have kept things running smoothly in the office. Their professionalism, positive attitudes, and good natures have been a treat to work with. We will miss you ladies! 
Check out our active listings below. For more information on them, as well as our recent sales, go to our website at rhysandkathleen.com. Do you have any friends or family thinking of buying or selling? Please do give them our name! We would be happy to help them.
Woodbridge, 68 15037 58th: Located in the heart of Sullivan, this spacious and beautifully maintained 3 bedroom, 3 bath end unit townhouse is perfectly situated in the complex for privacy and quiet! Nicely updated with a bright white kitchen, new flooring, paint, and lighting, this townhouse shows beautifully. With its open floor plan and  ... . More info.
Gillis Walk, 9 15188 62A Ave. Centrally located in Sullivan, this Polygon built rancher style townhouse is lovely. The loft has an additional two bedrooms and a bonus office space. Amazing amenities include an outdoor pool, hot tub, guest suites, two gyms, and more. 19+, 2 pets allowed, no rentals.   ... More info.
Ocean Park, 1577 131st: Builder/investor alert! Great opportunity to build your dream home on this 8000+ square foot property in the heart of Ocean Park! This level corner lot is located on an idyllic street with multi-million dollar homes. It is a short stroll to Ocean Park Village with its shops and services. Access to both transportation and    ... More info.
Soho, 138 2280 163. Absolutely stunning unit in Soho. This 2 bed, 2 bath condo has been updated by an award winning designer and it shows. Beautifully presented, perfectly situated within the complex, homeowners can enjoy a massive roof-top deck and views of the mountain. All ages welcome, rentals are allowed, 2 pets welcome ... More info.
White Rock, 14757 Thrift. This extensively updated home is a beauty! Located on the quiet end of Thrift, with south facing ocean views of Semiahmoo Bay, and a private backyard that is truly a gardener's delight. This home would work for a variety of family configurations with three bedrooms, three full baths, and two separate living areas.    ... More info.
LOOKING FOR SOMETHING TO DO LOCALLY?
Check out the following!
Effective Oct 1st, leashed and licensed dogs will be allowed to walk the White Rock promenade. For a lot of dog owners this is welcome news. Others have concerns that there will be dogs running amok and doodoo's left behind. Let's hope everyone shows responsible dog ownership and cleans up after their pooch.
It is that time of year when the weather gets cold and the furnace is turned on. Harbourgreene HVAC Services offers complete residential, commercial, and industrial service, maintenance, and installation. Matt has over 15 years of commercial and industrial HVAC experience and is a Red Seal Certified Journeyman Refrigeration Mechanic and a Class A Gas Fitter. He is your guy for any heating system needs! Contact here.
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Our mailing address is:
 101 - 13585 16th Surrey, BC
V4A 1P6

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Kathleen Thomas - Bay Realty · 101 13585 16th Ave · Surrey, Bc V4A1P6 · Canada

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