What the Benchmark Price Will Buy You in the Fraser Valley

The Fraser Valley real estate market is heating up, with detached sales up 50 per cent in December. Here’s what you can buy at typical prices in five areas

By
Vashti Singh REW.ca
January 19, 2016






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Last year was the strongest in a decade for Fraser Valley real estate, according to the latest stats issued by the Fraser Valley Real Estate Board (FVREB).

The benchmark price of a single-family home in the Fraser Valley in December was $672,400, a rise of 17.3 per cent compared with December 2014’s price. With detached house sales up 50 per cent year-over-year in December, we wanted to see what the benchmark price for a home will buy you in five Fraser Valley neighbourhoods.

We’ve found some of the best values in the Fraser Valley detached house market below, and you can click on the links to see the full listings. Also check out our handy infographic for the benchmark prices of condos and townhouses – as well as single-family houses – in areas throughout the Valley.

As the properties are sold and the listings removed, you will be redirected to see other fabulous homes in these neighbourhoods on REW.ca

North Delta

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  • North Delta benchmark home price: $637,600
  • Four-bedroom, two-bathroom detached house

  • $635,000

  • 2098 square feet

  • Price per square foot: $303

You won’t want for space in this beautiful four-bedroom North Delta home on a nearly 9,000-square-foot lot. Updates have been made to the kitchen, bathrooms and floors, as well as the electrical panel, lights and windows. Minutes away from transit, shopping, schools.

Surrey

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  • Surrey benchmark home price: $519,400
  • Three-bedroom, two-bathroom detached house
  • $519,700
  • 1844 square feet
  • Price per square foot: $282

This adorable three-bedroom character home backs onto a greenbelt. Newer appliances in the roomy kitchen and large laundry room, plus a gas fireplace in the living room will make it easy to call this property “home.” Updates include laminate flooring, gutters and siding.

Langley

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  • Langley benchmark home price: $493,200
  • Three-bedroom, three-bathroom detached house
  • $469,900
  • 1858 square feet
  • Price per square foot: $253

This is a gorgeous house in the highly-desirable Walnut Grove area and, at $469,900, it rings in well under the Langley benchmark price. In addition to the ensuite and walk-in closet, the spacious master bedroom also boasts a balcony.  Three-bedrooms and a large basement rec room make this a fantastic family home.

Abbotsford

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  • Abbotsford benchmark home price: $352,400
  • Two-bedroom, one-bathroom detached house
  • $358,000
  • 770 square feet
  • Price per square foot: $465

This charming home in a quiet Abbotsford neighbourhood has everything the modern buyer is looking for – an open-concept kitchen, spa bathroom including soaker tub and rain shower, and updated wiring and plumbing. If kitchens and bathrooms aren’t your thing, maybe you’ll like the detached garage that comes complete with workbench and 220 wiring. Near to shops and restaurants, with easy access to the highway.

Mission

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  • Mission benchmark home price: $390,000
  • Four-bedroom, two-bathroom detached house
  • $350,000
  • 2420 square feet
  • Price per square foot: $145

This Mission house comes in at $40,000 less than the benchmark price for the area. This stunner features a new furnace, high-end appliances, new electrical and new laminate and tile flooring, and two fireplaces. The huge master bedroom comes complete with ensuite and a walk-in closet.


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