April brought a significant shift to the Fraser Valley real estate market—and in Surrey and Cloverdale, buyers are taking the lead.
Whether you're looking to move or simply staying informed, understanding how these broader market trends are playing out locally is essential.
Despite favourable borrowing conditions, many buyers are taking a wait-and-see approach, creating more leverage and negotiation power for those ready to act.
With inventory reaching its highest level in over a decade, homebuyers in neighbourhoods like Clayton Heights, Panorama Ridge, and Ocean Park are seeing more choice and less urgency. Open houses and showings are still active, but today’s buyers are moving at their own pace—comparing options, negotiating, and waiting for the right fit.
Whether you're looking to move or simply staying informed, understanding how these broader market trends are playing out locally is essential.
Fraser Valley Snapshot
According to the Fraser Valley Real Estate Board, 1,043 homes sold in April—29% lower than April 2024 and well below typical spring activity. Meanwhile, active listings surged to over 10,000—the highest level in more than a decade.Despite favourable borrowing conditions, many buyers are taking a wait-and-see approach, creating more leverage and negotiation power for those ready to act.
Buyers are out there and viewing homes, but they’re not feeling the pressure to act quickly. With more listings and a slower pace, people have the rare chance to make decisions without rushing … This level of choice is uncommon and provides a real advantage to buyers.”— Tore Jacobsen, Chair of the Fraser Valley Real Estate Board
- Detached listings are up, creating more space for upsizers and first-time house hunters.
- Townhomes are sitting longer, with well-maintained units seeing the strongest demand.
- Apartments in areas like Surrey Central and Guildford continue to attract interest thanks to pricing and transit access.
- Sellers are needing to adjust pricing strategies and prepare their homes to stand out in a competitive landscape.
How This Is Playing Out in Surrey & Cloverdale
- Local markets like Surrey and Cloverdale are following the regional trend:
Segment Breakdown
- Active Listings: 3,625
- Sales: 316 (↓ 31.5% vs. April 2024)
- Benchmark Price: $1,506,600
- Average Days on Market: 32
DETACHED HOMES
- Active Listings: 1,676
- Sales: 272 (↓ 32.2%)
- Benchmark Price: $833,100
- Average Days on Market: 29
TOWNHOMES
- Active Listings: 2,530
- Sales: 344 (↓ 24.2%)
- Benchmark Price: $537,800
- Average Days on Market: 29
APARTMENTS
Condos led the market in sales volume, particularly in high-density areas like Surrey Central and Guildford. Prices softened slightly, but strong supply and affordability continue to attract both first-time buyers and investors.
For more detailed data, visit the official Fraser Valley Real Estate Board.
Cloverdale + Surrey Stats
What This Means for You
If you’re buying in Surrey or Cloverdale, now may be the ideal time. With increased inventory, stable pricing, and less urgency in the market, you have more room to negotiate and explore.
For sellers, the message is clear: strategic pricing and strong marketing are critical. With more listings to compete with, standing out takes effort and local expertise.
Let’s Talk Strategy
Real estate in Surrey and Cloverdale is about more than just market stats—it’s about timing, preparation, and having the right guidance for your goals. As a local expert who lives and works in the community, I bring hands-on experience and trusted insight to help you navigate this evolving market with confidence.
📞 Have questions? Let’s chat.
Whether you're curious about your home’s value, thinking about making a move, or just want to better understand what’s happening in your neighbourhood, I’d be happy to connect.
— James Anderson, PREC
Realtor® | james@kylelambrealestate.com | 604-619-4523