The Fraser Valley real estate market kicked off 2025 with a significant surge in inventory, creating promising opportunities for buyers. As Fraser Valley specialists based in White Rock, Collab Realty Group is committed to keeping you informed about the latest market trends and what they mean for you.
Significant Increase in New Listings
January saw a remarkable 167% increase in newly listed homes compared to December, with 3,432 properties entering the market. This influx pushed total active listings to 7,251, marking a 10-year seasonal high. Inventory levels are now 54% above the decade-long average, offering buyers more choices than in previous years.
Sales Activity and Market Dynamics
Despite the rise in inventory, sales activity slowed down. A total of 818 properties were sold in January, an 18% decrease from December. The sales-to-active listings ratio settled at 11%, indicating a buyer's market—especially in the detached homes segment. Generally, a balanced market falls within the 12% to 20% range.
Property Prices Remain Stable
Benchmark prices remained steady across various property types in January:
Single-Family Detached Homes: $1,482,400 (+0.1% from December, +0.6% YoY)
Townhomes: $826,000 (-0.2% from December and YoY)
Apartments: $534,600 (+0.1% from December, -1.2% YoY)
This stability indicates that despite increased inventory and fewer sales, home values are holding firm, providing confidence for both buyers and sellers.
Extended Time on Market
Properties are taking longer to sell compared to previous months:
Single-Family Detached Homes: 52 days
Townhomes: 38 days
Condos: 42 days
This gives buyers more time to make informed decisions while sellers must be strategic in pricing and marketing their homes effectively.
Insights from the Fraser Valley Real Estate Board
Baldev Gill, CEO of the Fraser Valley Real Estate Board, noted, "The market appears to be in a holding pattern at the moment. There is no doubt that economic uncertainty is playing a role, especially the spectre of a trade war, which could lead to even more rate cuts by the Bank of Canada."
This combination of factors may create unique opportunities for buyers looking to enter the market before conditions shift again.
Opportunities in White Rock
For those specifically interested in the White Rock area, the market trends align with the broader Fraser Valley dynamics. With increased inventory and stable pricing, buyers can explore various options in this sought-after seaside community.
Navigating the Current Market
Given the evolving conditions, it’s crucial for both buyers and sellers to stay informed and act strategically. At Collab Realty Group, our experienced team is ready to provide personalized guidance and help you navigate the Fraser Valley real estate landscape effectively.
All statistical data is sourced from the Fraser Valley Real Estate Board's January 2025 Statistics Package.