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If Surrey is your desired Fraser Valley location, you will appreciate that the condo market is currently where the best selection is; there’s a healthy supply of both new and resale properties. While September saw a 5.8 per cent decrease in sales over the previous month, the 114 sales were nevertheless 8.6 per cent stronger than they were in September 2014. The benchmark sales price was up a modest 1.3 per cent over August’s and 4.1 per cent over the same month last year.
Taking a quick look at the 11 condos reported as sold in Surrey between September 19 and October 2, none went for more than list price and only two sold for their asking price. Most Surrey condos were well priced, with owners accepting offers anywhere from one to five per cent below asking.
Clayton
This up-and-coming Cloverdale neighbourhood had 36 one- and two-bedroom condo listings at the time of writing – none more than 10 years old. While the median price for a home here is currently $243,800, list prices range from $154,000 for a brand-new, 532-square-foot, one-bedroom in the Focal Point development to a $346,000, 889-square-foot, two-bedroom in the same building.
Two other brand-new complexes currently have active listings. One92 offers a one-bedroom, 667-square-foot unit for $204,900 that went on the market in mid-September. Yale Bloc, which will be ready for occupation in 2016, has a 592-square-foot, one bedroom on the market for $189,900.
The 10-year-old unit for sale in this community is an 835-quare-foot, two-bedroom in the Liberty complex. It also came on the market in mid-September and is asking $239,900.
The most recent Clayton condo home listing at the time of writing was a five-year-old, two-bedroom in Calera. The owner of this 765-square-foot home is asking $239,900.
Grandview
Moving south to the Grandview neighbourhood, condo hunters have a choice of 29 homes, ranging from brand new to seven years old. The median list price at the time of writing was $314,800.
The most affordable listing is for a brand-new, 620-square-foot, one-bedroom in The Heights. That property came on the market in late September for $229,900. At the other end of the cost scale, $399,800 is the list price for a three-bedroom, 1,198-square-foot unit in the four-year-old Headwaters complex. It also came on the market in late September and is one of only three three-bedroom homes for sale in the area.
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