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Enjoy our September, 2019 newsletter.
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Goodbye Summer! What a relief it was to see a mostly forest fire free summer. We really appreciated the clear skies and loved getting out and spending time with our respective families. That being said, we had a very busy summer in real estate. We personally saw a lot of buying and selling activity for condos and, to a lesser extent, detached houses. We have also seen a lot of interest in townhouses but this has not translated as much to actual purchases.

As we have discussed before, there are a lot of buyers who have been wanting to enter the market or move up to a larger home. However, they have been waiting on the sidelines, concerned that the market was going to continue to push down. Buyers seem to be feeling that the prices for condos and houses are better reflecting true market value - good news for sellers. However, there still seems to be some room in the townhouses market. This is reflected in the FVREB statistics.

We do expect the fall to continue to be busy. If you have questions, do give us a call. 
SOUTH SURREY/WHITE ROCK REAL ESTATE STATISTICS
AUGUST SUMMARY
  • August is traditionally one of the slowest months of the year, and definitley quieter than July for sales activity. So it is no surprise to see sales down when compared to last month. The more significant statistic is the comparison to last year which shows significant increases for houses and condos. 
  • For detached houses, we saw fewer new listings coming onto the market compared to July with a resulting decrease in the total active listings available. This is likely to change come September when we tend to see more properties come to market. This is good news for buyers who have not yet been able to find that perfect property.
  • It was a tale of two markets when looking at townhouses and condos.
    • Townhouse sales were down from both a month ago and last year. Inventory is high in the townhouse market compared to a year ago. This may be because sellers realize it is a good time to trade up to a house and so there are a lot more sellers putting their townhouses on the market.
    • Condos sales have really picked up last month with the bulk of the sales occurring under $500,000. The drop in prices in that market has been motivating buyers to purchase.
  • When sales are broken down for South Surrey/White Rock we saw the following: 
    • detached houses priced below $1,000,000 accounted for 18% of the sales last month with an additional 44% of the sales coming from houses between $1,000,000 and $1,500,000.
    • there were 6 sales above $2,750,000.
    • for detached homes, there were 10 sales for every 100 active listings (a 10% sales to active listings ratio*).
    • the most active price band for attached properties were those priced under $600,000, taking up 69% of the total sales. This includes condos and townhouses. The price band between $600,000 and $800,000 accounted for an additional 18% of sales. 
    • the overall attached South Surrey/White Rock market has a 20% sales ratio average (20 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 Sheilah!
 
I am pleased to say that I recently had occasion to enjoy the services of Kathleen and Rhys as the listing agents for a property I owned. Although the market conditions were challenging, Kathleen and Rhys demonstrated high levels of expertise in guiding me through these evolving conditions. Their consummate professionalism was evident every step of the way. Their dedication and attention to detail ultimately resulted in success. It was a pleasure to work with Kathleen and Rhys and it is my privilege to recommend their service without reservation.
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.
Parkview: 101 15282 19th: Fantastic outdoor space looking onto Bakerview Park as well as over 1250 square feet of living space. Condo living does not get much better than this 2 bedroom, plus den, 2 bath home. Well maintained building that welcomes all ages and is centrally located in South Surrey/White Rock ... . 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.
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!
Our super talented and creative friend, Jen Findley, has just launched her very cool new venture in White Rock. Creō Kids is an art focused before and after school care program for children ages 5-12 which will operate inside of Creō Art Studio. Located at 1253 Johnston Rd, adjacent to White Rock Elementary, Jen offers a safe and creative learning environment in a convenient location. Click here
Feeling lucky?? We are very excited to be the grape sponsor for Ocean Cliff Elementary's Casino Night PAC fundraiser! 
When: Friday September 27th, 6:30pm-late
Where: Crescent Beach Legion
How: Click here

Ducktona 5000! The second annual DUCKTONA 5000 will be held Saturday, September 14, 2019 at Crescent Beach Pier – Crescent Beach, BC. Festivities will include the Corporate Duck Race, Coxswains Floaty Paddle Race and a DUCKTONA 5000 Drag Race. 100 per cent of all proceeds will benefit Volunteer Marine Search and Rescue. Click here

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 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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