As seen in...
Westcoast Condominium
With condo sales for the city seeing a phenomenal 180 per cent increase last month over May 2015, you can appreciate the frenzied buying that must have been going on. Our reports indicate homes changing hands anywhere from nine per cent under to 15 per cent over the listed prices and many of those transactions being finalized within a week of the properties coming to market.
The city’s current active listings start at $59,800 (a Sunnyside Park retirement home studio) to go to $849,900 (a two-bedroom in Whalley’s The Odyssey Tower).
Cloverdale
You can begin your condo hunt in this historic neighbourhood with a one-bedroom in Clover Park Garden that joined the market in April for $98,500. A two-bedroom in St. Andrews at Northview is the area’s most expensive option. The unit was listed May 30 for $680,000.
Nine Cloverdale condo sales made it into our report with offers from six below list to 12 per cent above being accepted. Two units in St. Andrews sold in the 12 per cent over category, while another in the same complex went right at list. The fastest neighbourhood transaction was a two-bedroom in Derby Downs listed at $224,900 that changed owners after three days for 11 per cent more than asking.
Guildford
There were likely many sellers in this neighbourhood who would have happily danced around the area’s landmark flagpole last month. The 21 sales in our report spanned a range from four per cent under asking to six per cent over. That high fell to the owners of a two-bedroom in The Boulevard Club who listed at $299,800 and sold eight days later for $320,000.
There’s plenty to choose from in Guildford’s condo listings. These range in price from $125,000 for a one-bedroom in Creekside Place to $358,800 for a two-bedroom in Guildford Marquis.
For a full summary of the Surrey condo market in May 2016, check out our infographic below.
Surrey Condo Market Snapshot May 2016
