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Westcoast Condominium
Who says real estate sales slow in the summer? That may be the norm, but these days are anything but traditional. Surrey saw an increase of condo sales in June with 289 properties changing hands – up close to 10 per cent over May. That number pales in comparison to the over 100 per cent increase in sales when comparing June 2015 with June 2016.
King George Corridor
Located in the heart of South Surrey, this area is home to several vibrant communities. Of its 20 active condo listings in King George Corridor, the most affordable is a one-bedroom in The Pacifica that’s been on the market since mid-May for $219,900. The area’s priciest apartment option is a two-bedroom in Flagstone Walk that is listed at $399,000.
Our data shows three area condos changing hands in June for 14 per cent over their asking prices. All were two-bedroom units: one in The Berkshire sold for $350,000; another in Brandy Terrace went for $405,000; and – last but not least – a home in Ocean Wynde closed at $440,000.
Morgan Creek
This planned community sprung up around a golf course in the 1990s and has since expanded to include many condo complexes. There are a couple of dozen options currently ranging from $289,900 for a one-bedroom in Kingston House to $665,000 for a two-bedroom in Edgewater.
The Edgewater was on a bit of a roll last month with four sales showing up in our reports. Two one-bedroom units there changed hands – one for two per cent more than its $388,880 asking price and another for 15 per cent more than its $424,900 sticker price. The complex’s other two sales were for two-bedroom units. One of these went for five per cent more than its $349,000 price while the other sellers accepted an offer for $621,000 – 11 per cent over asking.
For a full summary of the Surrey condo market in June 2016, check out our infographic below.
Surrey Condo Snapshot July 2016
