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Monthly Statistics Package Fraser Valley Real Estate Board March 2025
News Release Fraser Valley Real Estate Board For Immediate Release April 2 2025 Tariffs economic uncertainty stall spring market in the Fraser Valley SURREY BC March home sales in the Fraser Valley remained nearly 50 per cent below the 10 year average making for the slowest start to the spring market in more than 15 years The Fraser Valley Real Estate Board recorded 1 036 sales in March up 13 per cent from February but still 26 per cent below sales recorded this time last year Following a decline on the Board s Multiple Listing Service MLS in February new listings increased 22 per cent in March to 3 800 Overall inventory is at a decade high level with 9 219 active listings 49 per cent above March 2024 and 59 per cent above the 10 year seasonal average If not for the economic uncertainty driven largely by U S tariffs we d likely be seeing a typical strong spring market in the Fraser Valley said Tore Jacobsen Chair of the Fraser Valley Real Estate Board Instead we re seeing a disconnect as sellers remain hesitant to lower their prices beyond a certain threshold while buyers facing tighter financing conditions are either unable or unwilling to meet it The resulting inertia is keeping sales low The overall sales to active listings ratio continues to signal a buyer s market in the Fraser Valley with a ratio of 11 per cent The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent Currently uncertainty is impacting all corners of the real estate and development sector said Baldev Gill CEO of the Fraser Valley Real Estate Board and as a result we are seeing markedly lower seasonal activity As we navigate these challenges your local REALTOR with firsthand market insight and access to the latest data is a valuable resource to help guide you through the critical timing decisions for buying or selling Across the Fraser Valley in March the average number of days to sell a single family detached home was 31 while for a condo it was slightly higher at 33 days Townhomes took on average 27 days to sell The composite Benchmark price in the Fraser Valley increased just under half a per cent in March up 0 4 per cent to 974 400 MLS HPI Benchmark Price Activity Single Family Detached At 1 505 500 the Benchmark price for an FVREB single family detached home increased 0 4 per cent compared to February 2025 and decreased 1 2 per cent compared to March 2024 Townhomes At 833 700 the Benchmark price for an FVREB townhome increased 0 5 per cent compared to February 2025 and decreased 1 7 per cent compared to March 2024 Apartments At 540 900 the Benchmark price for an FVREB apartment condo increased 0 5 per cent compared to February 2025 and decreased 2 6 per cent compared to March 2024 30 The Fraser Valley Real Estate Board is an association of 5 200 plus real estate professionals who live and work in the BC communities of Abbotsford Langley Mission North Delta Surrey and White Rock Contact Nikki Hewitt Senior Communications Specialist Fraser Valley Real Estate Board nikki hewitt fvreb bc ca Telephone 604 930 7654 www fvreb bc ca FVREB Stats
MLS Summary Fraser Valley March 2025 All Property Types Grand Totals Mar 25 Mar 24 change All Property Types Feb 25 change Grand Totals year to date 2025 2024 change Sales 1 036 1 395 25 7 920 12 6 Sales year to date 2 768 3 565 22 4 New Listings 3 800 2 986 27 3 3 121 21 8 New Listings year to date 10 354 8 151 27 0 Active Listings 9 219 6 197 48 8 8 070 14 2 Average Price 1 028 301 1 050 744 993 560 3 5 Mar 25 Mar 24 2 1 Detached All Areas Combined Sales change Townhouse Feb 25 change Mar 25 Mar 24 281 change 322 455 29 2 270 19 3 New Listings 1 357 1 112 22 0 1 088 24 7 Active Listings 3 253 2 160 50 6 2 763 17 7 Benchmark Price 1 505 500 1 523 900 1 2 1 499 000 0 4 833 700 848 200 1 7 Median Price 1 450 000 1 460 000 0 7 1 435 000 1 0 840 000 865 000 2 9 Average Price 1 548 249 1 535 309 0 8 1 554 420 0 4 854 191 876 325 2 5 Abbotsford Mar 25 Mar 24 change 255 10 2 Mar 25 Mar 24 331 408 change change 801 609 31 5 634 26 3 1 072 823 30 3 958 11 9 1 495 869 72 0 1 286 16 3 2 371 1 429 65 9 2 115 12 1 829 800 0 5 540 900 555 300 2 6 538 200 0 5 833 000 0 8 530 000 549 850 3 6 535 000 0 9 860 446 0 7 551 410 579 949 4 9 567 266 2 8 Mar 25 Mar 24 change 18 9 Feb 25 26 6 Townhouse Feb 25 change 383 Detached change Apartment Feb 25 281 17 8 Apartment Feb 25 change Mar 25 Mar 24 change Feb 25 change Sales 51 69 26 1 48 6 3 38 49 22 4 36 5 6 41 66 37 9 48 14 6 New Listings 181 177 2 3 160 13 1 114 80 42 5 77 48 1 158 129 22 5 118 33 9 43 6 384 17 4 202 106 90 6 165 22 4 57 4 Active Listings 451 314 307 195 247 24 3 Benchmark Price 1 225 500 1 240 400 1 2 1 215 200 0 8 656 100 657 800 0 3 654 500 0 2 443 700 456 100 2 7 448 000 1 0 Median Price 1 170 000 1 189 700 1 7 1 267 500 7 7 651 000 717 500 9 3 702 500 7 3 420 000 446 250 5 9 435 000 3 4 Average Price 1 238 684 1 239 886 0 1 1 243 470 0 4 682 911 726 974 6 1 700 266 2 5 460 887 453 796 1 6 440 877 4 5 Mar 25 Mar 24 Detached Mission change Townhouse Feb 25 change Mar 25 Mar 24 change Apartment Feb 25 change Mar 25 Mar 24 change Feb 25 change Sales 31 42 26 2 18 72 2 6 10 40 0 3 100 0 4 10 60 0 2 100 0 New Listings 96 78 23 1 63 52 4 17 10 70 0 10 70 0 22 22 0 0 29 24 1 Active Listings 244 161 51 6 220 10 9 42 26 61 5 36 16 7 43 33 30 3 51 15 7 Benchmark Price 1 064 400 1 062 600 0 2 1 066 600 0 2 668 500 662 300 0 9 664 700 0 6 455 800 455 700 0 0 458 700 0 6 Median Price 1 050 000 929 000 13 0 1 039 500 1 0 709 900 720 450 1 5 799 000 11 2 534 000 495 000 7 9 448 000 19 2 Average Price 1 075 852 972 819 10 6 1 062 632 1 2 670 283 734 430 8 7 777 966 13 8 543 225 494 410 9 9 448 000 21 3 Source Fraser Valley Real Estate Board MLS Summary Page 1 of 3
Detached White Rock South Surrey Mar 25 Mar 24 change Townhouse Feb 25 change Mar 25 Mar 24 change Apartment Feb 25 change Mar 25 Mar 24 change Feb 25 change Sales 41 66 37 9 39 5 1 53 69 23 2 52 1 9 53 60 11 7 53 New Listings 219 175 25 1 163 34 4 133 99 34 3 121 9 9 185 111 66 7 175 5 7 Active Listings 549 357 53 8 454 20 9 252 134 88 1 219 15 1 423 224 88 8 365 15 9 Benchmark Price 1 904 300 1 980 700 3 9 1 879 800 1 3 946 400 979 300 3 4 941 900 0 5 626 000 633 800 1 2 616 100 1 6 Median Price 1 830 888 1 743 000 5 0 1 900 000 3 6 1 040 000 960 000 8 3 975 000 6 7 612 000 699 000 12 4 615 000 0 5 Average Price 2 007 258 2 012 289 0 3 2 117 166 5 2 1 037 864 1 000 241 3 8 1 017 718 2 0 683 894 810 331 15 6 757 822 9 8 Detached Langley Mar 25 Mar 24 change Townhouse Feb 25 change Mar 25 Mar 24 change 0 0 Apartment Feb 25 change Mar 25 Mar 24 change Feb 25 change Sales 79 86 8 1 57 38 6 72 91 20 9 65 10 8 104 100 4 0 78 33 3 New Listings 233 205 13 7 194 20 1 197 133 48 1 145 35 9 236 195 21 0 217 8 8 Active Listings 480 314 52 9 400 20 0 282 154 83 1 234 20 5 427 286 49 3 403 6 0 Benchmark Price 1 635 200 1 624 400 0 7 1 626 900 0 5 865 100 861 600 0 4 868 000 0 3 611 900 620 600 1 4 607 700 0 7 Median Price 1 600 000 1 500 000 6 7 1 450 000 10 3 862 500 890 000 3 1 870 000 0 9 557 500 575 000 3 0 555 000 0 5 Average Price 1 731 280 1 596 992 8 4 1 615 749 7 2 869 465 909 164 4 4 882 386 1 5 579 845 587 588 1 3 568 720 2 0 Delta North Mar 25 Mar 24 Detached Sales 20 change 39 48 7 Townhouse Feb 25 change Mar 25 Mar 24 16 25 0 6 10 change 40 0 Apartment Feb 25 change 6 Mar 25 Mar 24 change Feb 25 change 0 0 8 10 20 0 5 60 0 21 7 New Listings 81 69 17 4 85 4 7 15 12 25 0 20 25 18 20 10 0 23 Active Listings 199 139 43 2 181 9 9 36 18 100 0 39 7 7 53 36 47 2 52 1 9 Benchmark Price 1 393 000 1 429 400 2 5 1 417 200 Median Price 1 392 500 1 450 000 Average Price 1 408 950 1 467 438 Source Fraser Valley Real Estate Board 1 7 956 300 943 800 1 3 928 800 3 0 554 500 588 000 5 7 548 300 1 1 4 0 1 385 000 0 5 947 500 1 144 000 17 2 920 000 3 0 528 500 615 000 14 1 595 000 11 2 4 0 1 475 437 4 5 983 333 1 103 188 10 9 917 833 7 1 547 050 566 650 3 5 630 000 13 2 MLS Summary Page 2 of 3
Detached City of Surrey Combined Sales Mar 25 Mar 24 change 38 4 Townhouse Feb 25 124 change 8 9 Mar 25 Mar 24 159 223 change 135 219 28 7 Benchmark Price 1 634 900 1 654 400 1 2 1 625 000 0 6 862 500 884 600 2 5 Average Price 1 674 065 1 724 127 2 9 1 698 154 1 4 890 275 891 931 0 2 Apartment Feb 25 145 change 9 7 Mar 25 Mar 24 change 31 5 Feb 25 126 change 152 222 856 100 0 7 528 500 550 700 4 0 528 500 20 6 0 0 889 712 0 1 529 951 618 466 14 3 575 807 8 0 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock Detached Surrey Central Mar 25 Mar 24 change Townhouse Feb 25 change Mar 25 Mar 24 change Apartment Feb 25 change Mar 25 Sales 49 61 19 7 46 6 5 63 93 32 3 54 16 7 New Listings 269 212 26 9 213 26 3 202 172 17 4 158 27 8 Active Listings 695 464 49 8 598 16 2 441 281 56 9 388 13 7 Benchmark Price 1 536 900 1 550 900 0 9 1 528 800 0 5 843 600 857 100 1 6 833 900 1 2 552 600 Median Price 1 470 000 1 580 000 7 0 1 545 500 4 9 834 900 845 000 1 2 837 500 Average Price 1 619 357 1 634 650 0 9 1 610 978 0 5 821 065 850 945 3 5 835 103 Mar 25 Mar 24 Detached Surrey Cloverdale change 28 Mar 24 20 0 83 62 214 136 change Mar 25 Mar 24 change Feb 25 change 25 12 0 33 9 83 0 0 57 4 212 0 9 574 100 3 7 545 900 1 2 0 3 553 500 555 000 0 3 555 000 0 3 1 7 540 232 563 610 4 1 558 210 3 2 Townhouse Feb 25 change 35 Apartment Feb 25 change Mar 25 Mar 24 change Feb 25 change Sales 26 43 39 5 28 7 1 25 39 35 9 24 4 2 15 17 11 8 10 New Listings 99 88 12 5 75 32 0 65 62 4 8 54 20 4 42 20 110 0 42 0 0 Active Listings 178 137 29 9 150 18 7 113 68 66 2 94 20 2 78 23 239 1 60 30 0 Benchmark Price 1 525 400 1 516 600 0 6 1 520 400 0 3 842 100 868 600 3 1 840 400 0 2 592 700 614 900 3 6 588 100 0 8 Median Price 1 490 500 1 480 000 0 7 1 359 900 9 6 842 500 835 000 0 9 796 500 5 8 490 000 585 000 16 2 547 450 10 5 Average Price 1 482 057 1 552 974 4 6 1 439 764 2 9 832 876 843 102 1 2 802 804 3 7 494 033 585 643 15 6 627 190 21 2 Surrey North Mar 25 Mar 24 Detached change Townhouse Feb 25 change Mar 25 Mar 24 change 50 0 Apartment Feb 25 change Mar 25 Mar 24 change Feb 25 change Sales 24 49 51 0 18 33 3 18 22 18 2 15 20 0 78 110 29 1 60 30 0 New Listings 172 107 60 7 134 28 4 58 41 41 5 49 18 4 327 264 23 9 270 21 1 Active Listings 445 267 66 7 369 20 6 127 82 54 9 111 14 4 823 492 67 3 723 13 8 Benchmark Price 1 506 400 1 500 500 0 4 1 502 900 0 2 752 400 790 000 4 8 747 600 0 6 479 100 503 500 4 8 480 600 0 3 Median Price 1 392 500 1 525 000 8 7 1 390 000 0 2 786 000 773 500 1 6 770 000 2 1 465 000 528 000 11 9 477 000 2 5 Average Price 1 514 887 1 597 577 5 2 1 565 944 3 3 777 666 812 053 4 2 781 606 0 5 486 974 536 339 9 2 490 698 0 8 Source Fraser Valley Real Estate Board MLS Summary Page 3 of 3
MLS Home Price Index Fraser Valley March 2025 BENCHMARK PRICE INDEX HPI ONE MONTH CHANGE THREE MONTH CHANGE SIX MONTH CHANGE ONE YEAR CHANGE THREE YEAR CHANGE FIVE YEAR CHANGE TEN YEAR CHANGE RESIDENTIAL COMBINED LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 118 000 974 400 1 190 900 733 700 1 041 700 1 050 900 1 144 100 1 040 600 783 200 942 100 341 3 349 7 378 3 333 5 364 2 348 2 300 1 349 5 355 8 370 0 0 5 0 4 1 1 0 2 0 5 0 8 0 7 0 3 0 3 0 2 1 5 1 0 1 8 0 7 0 3 1 2 0 5 1 3 1 5 3 2 0 7 0 5 4 7 1 0 0 3 0 4 3 9 0 0 1 3 4 5 1 2 3 5 3 2 5 7 3 9 1 5 6 9 0 5 3 1 2 1 9 4 18 2 18 2 22 7 19 8 15 4 17 3 12 0 20 9 22 8 32 5 39 7 37 0 29 7 39 6 46 1 37 0 40 9 41 4 47 5 69 7 105 1 121 8 85 9 123 9 129 4 66 9 118 6 133 9 166 2 DETACHED LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 815 900 1 505 500 1 393 000 1 506 400 1 536 900 1 525 400 1 904 300 1 635 200 1 225 500 1 064 400 398 6 427 9 418 3 465 8 440 6 434 7 367 6 432 1 423 9 392 8 0 4 0 4 1 7 0 2 0 5 0 3 1 3 0 5 0 9 0 2 2 0 1 7 1 6 2 3 1 0 2 7 1 9 1 8 2 5 4 1 0 8 0 3 5 1 0 5 1 8 1 2 1 6 0 1 2 1 6 1 0 7 1 2 2 5 0 4 0 9 0 6 3 9 0 7 1 2 0 2 6 5 14 7 16 1 13 9 14 4 15 2 10 5 12 7 18 9 21 4 43 6 50 4 43 6 50 7 51 4 50 1 45 0 49 5 49 8 53 3 86 5 143 1 140 3 162 3 161 3 157 7 96 6 160 3 171 2 183 6 TOWNHOUSE LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 979 600 833 700 956 300 752 400 843 600 842 100 946 400 865 100 656 100 668 500 374 0 374 2 416 7 429 0 387 3 345 4 300 6 373 9 362 9 356 5 0 3 0 5 3 0 0 7 1 2 0 2 0 5 0 3 0 3 0 6 0 3 0 7 0 6 0 3 1 6 0 6 1 5 0 3 0 3 2 1 1 0 0 1 2 9 0 6 1 9 1 0 1 9 0 9 0 2 0 5 0 9 1 7 1 3 4 8 1 6 3 1 3 4 0 4 0 3 0 9 5 5 9 9 12 5 12 5 12 4 12 6 10 6 4 7 7 4 0 4 42 7 46 1 36 5 41 5 46 9 43 9 44 1 49 7 47 8 50 9 125 4 149 5 131 9 170 0 165 1 151 6 101 6 167 3 173 1 177 9 APARTMENT LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 712 100 540 900 554 500 479 100 552 600 592 700 626 000 611 900 443 700 455 800 357 3 443 0 531 1 442 4 503 7 437 1 369 5 425 8 475 6 408 4 0 9 0 5 1 1 0 3 1 2 0 8 1 6 0 7 1 0 0 6 2 2 1 3 0 8 0 1 1 2 0 8 2 6 2 0 1 7 0 5 0 5 0 8 4 6 2 0 3 9 2 1 3 1 0 9 2 4 1 5 1 1 2 6 5 7 4 8 3 8 3 6 1 2 1 4 2 7 0 0 1 5 6 8 14 1 10 1 9 1 6 2 3 8 4 8 7 6 0 4 25 6 41 4 19 9 30 0 42 5 36 9 43 4 43 0 50 3 49 4 100 4 176 9 201 4 160 4 217 2 175 8 147 0 191 2 231 0 234 8 Fraser Valley Real Estate Board All indices equal 100 in January 2005 An index of 120 indicates a 20 increase in price since January 2005 Lower Mainland combines data across the Fraser Valley and Greater Vancouver real estate board areas
Sales Listings Active Inventory All Types Fraser Valley Actives 14 000 Listings Sales 12 000 10 000 8 000 6 000 4 000 2 000 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 0
Sales to Active Listings Ratio All Types Fraser Valley 100 According to BCREA a balanced market in the Lower Mainland ranges between 12 20 This graph includes all Residential and Commercial property types 90 80 70 Sellers Market Ratio 60 50 40 30 Balanced Market 20 10 Buyers Market March month end 11 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 0
MLS Home Price Index Benchmark Prices Fraser Valley Detached Townhouse Apartment 1 900 000 1 800 000 1 700 000 1 600 000 1 500 000 1 400 000 1 300 000 1 200 000 1 100 000 1 000 000 900 000 800 000 700 000 600 000 500 000 400 000 300 000 200 000 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 100 000
MLS Home Price Index Fraser Valley Detached 525 Townhouse Apartment 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 50
1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Average Price Residential Detached all Fraser Valley 2 000 000 1 800 000 1 600 000 1 400 000 1 200 000 1 000 000 800 000 600 000 400 000 200 000 0
Annual Sales New Listings Average Price All Property Types Fraser Valley Sales New Listings Average Price 40 000 1 200 000 35 000 1 000 000 30 000 800 000 25 000 20 000 600 000 15 000 400 000 10 000 200 000 5 000 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990