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You don’t need a thermometer to know that it was an unusually hot April – both temperature wise and when it came to condo sales. Indeed, April 2016 condo sales in Surrey were twice the number they were the same month in 2015. It may surprise you to hear, though, that April was a cooler month (sales wise) than March – down by seven per cent.
If you’re thinking May is the month for you to keep your foot in Surrey condo market, you can do so for as little as $59,800 or go as high as $849,900. With over 600 active listings, there is plenty to choose from.
Whalley
This neighbourhood has the greatest condo density in all of Surrey thanks to conveniences like easy SkyTrain access. You can view any one of the area’s 283 current listings starting at $135,000 for a one-bedroom in Thornbury Manor that came on the market March 31 to $849,900 for a two-bedroom in the Odyssey Tower that’s been looking for a new owner since March 2.
Over 30 Whalley condos sold in April. One, a one-bedroom in D’Corize, took 85 days before its owners accepted an offer 11 per cent under their $185,900 asking price. Likely happier were the owners of a two-bedroom in Cornerstone that took only 10 days to change hands for $290,000 – five per cent over the asking price.
Sunnyside Park
This neighbourhood has an interesting mix of older houses alongside newer condos. There are 14 active area apartment listings ranging from $59,800 for a studio in the Westminster House retirement community that came on the market in mid-April to $478,800 for a two-bedroom in Villa Pacific.
The owner of the Westminster House retirement studio must be keeping their eye on sales. A neighbouring studio languished on the market at $75,000 for 460 days before selling for $58,200 – 22 per cent less that owner was hoping for. Only one of this community’s sales in our April report went for more than list price, but even then it wasn’t enough to have the owners laughing all the way to the bank. Listed at $219,900, this Southmere Mews one-bedroom took six weeks to sell for $100 more than asking.
Surrey Condo Market Snapshot
