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Outside of the city of Vancouver, Surrey has the greatest selection of condos with 876 active listings at the time of writing. House hunters come here for great deals as well as the wide range of choice; condos here also have lowest price per square foot.
With a median list price of $236,850, available condos in Surrey range from a low of $59,900 for a 25-year-old studio in the Sunnyside Park neighbourhood to a high of $1,265,900 for a presale three-bedroom penthouse in Whalley’s Alumni Tower. There are a number of new homes available in this sleek residential high-rise, which, when it is complete in 2017, will be the first of a series of towers in the University District development.
Demonstrating the breadth of brand-new properties available in Surrey, there are over 100 such listings currently on the market. They start at $152,000 for a one-bedroom in the move-in ready Balance development in Bolivar Heights. Other new Surrey developments where owners should be able to take quick possession include Focal Point in Clayton, Gemini II and Adagio in King George Corridor, and Maxx @ Verve in Whalley.
Guildford
This Surrey neighbourhood is best known for its retail corridors which include the recently redeveloped Guildford Town Centre. It also has excellent access to the highway. Almost 14 per cent of the active condo listings here are for brand-new buildings including move-in ready homes at Chroma and G3 Residences.
Area prices range from $158,000 for a one-bedroom apartment in the 20-year-old Georgian Gardens to $378,000 for a three-bedroom in the six-year-old Escada building.
There were two recent sales in Guildford, both of which went for under list price. A three-bedroom in Hartford Woods sold for $265,000 – one per cent off list price, while a two-bedroom in the G3 Residences went for three per cent less than its $259,900 asking price.
Cloverdale
Known as the historic centre of Surrey, Cloverdale is a vibrant and charming community with a small-town feel. The area’s 43 active condo listings in Cloverdale start at $82,900 for a one-bedroom unit in Clover Park Gardens and go as high as $559,649 for a two-bedroom in the seven-year-old St. Andrews complex.
The Ridge at Bose Farms, which is scheduled for completion this year, is the community’s newest development. Built on the historic Bose Family Farm, the complex will include fully restored heritage buildings as well as brand-new homes. Available condos here start at $169,900 and go up to $549,900.
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