Condos Market Report

August 2023 Condos Market — White Rock & South Surrey

The White Rock & South Surrey condos market recorded 44 sales in August 2023 at an average sold price of $687,549. This report covers sales volume, pricing, and days on market for condos specifically.

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Buyer's MarketWhite Rock & South Surrey condos is currently a buyer's market. 9.6% sales-to-active listings ratio — homes selling in an average of 39 days, at an average sold price of $786,768 — well-priced properties are attracting strong demand.
44
Condos Sold
$688K
Avg Sold Price
22d
Avg Days on Market
$263,604
Avg $/sqft

August 2023 Condos Snapshot

Condos Sold44
Avg Sold Price$687,549
Avg Days on Market22 days
Avg Price per ft²$263,604

Condos Market Trend — White Rock & South Surrey

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
June 202632$761,09338d$577,463Buyer's
May 202633$644,71237d$315,591Buyer's
April 202643$654,91030d$404,140Balanced
March 202636$853,67958d$669,582Buyer's
February 202630$656,75241d$408,833Buyer's
January 202634$745,38267d$504,977Buyer's
December 202525$659,15255d$362,804Buyer's
November 202533$568,10959d$395,877Buyer's
October 202530$624,30330d$323,480Balanced
September 202540$688,51531d$375,427Balanced
August 202537$622,92648d$294,400Buyer's
July 202534$825,63849d$657,532Buyer's
June 202554$756,85645d$528,877Buyer's
May 202545$694,56437d$468,305Buyer's
April 202545$699,88031d$427,819Balanced
March 202549$761,27333d$531,950Balanced
February 202535$812,38345d$488,366Buyer's
January 202537$631,14547d$325,282Buyer's
December 202425$645,80639d$198,922Buyer's
November 202429$832,57245d$325,386Buyer's
October 202440$689,31439d$421,429Buyer's
September 202441$773,31438d$363,856Buyer's
August 202436$599,80828d$262,016Balanced
July 202435$735,04030d$352,767Balanced
June 202447$726,04925d$361,850Balanced
May 202463$727,87533d$371,003Balanced
April 202457$842,74229d$570,978Balanced
March 202455$754,55529d$452,736Balanced
February 202459$812,69529d$586,478Balanced
January 202451$638,70536d$283,252Buyer's
December 202322$682,90039d$379,898Buyer's
November 202333$685,91721d$397,150Balanced
October 202347$750,21027d$444,562Balanced
September 202337$668,48923d$317,662Balanced
August 202344$687,54922d$263,604Balanced
July 202340$664,67026d$354,384Balanced

Frequently Asked Questions — White Rock & South Surrey Condos

How did the White Rock & South Surrey condos market perform in August 2023?+
In August 2023, 44 condos sold in White Rock & South Surrey at an average price of $687,549, with condos spending an average of 22 days on the market at $263,604 per square foot. Buyers had more choice and negotiating leverage.
What is the absorption rate for condos in White Rock & South Surrey?+
White Rock & South Surrey condos has a sales-to-active listings ratio (SALR) of 9.6%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in White Rock & South Surrey?+
The condos segment in White Rock & South Surrey is currently a buyer's market. The average sold price for condos is $786,768. Whether now is the right time depends on your personal timeline and budget. A well-informed local agent can identify current value opportunities and help structure a competitive offer in today's condos market.
What does the August 2023 market mean for condo sellers in White Rock & South Surrey?+
In August 2023, condos sellers faced more competition with increased supply. Pricing accurately and investing in presentation were the key differentiators for a timely sale.
How did August 2023 compare to July 2023 for condos in White Rock & South Surrey?+
Compared to July 2023, condos sales in White Rock & South Surrey were up 10% (40 vs 44 sold) and the average sold price was up 3% to $687,549.
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What does the August 2023 condos market mean for you?

Randy can explain what these numbers mean for your specific situation — whether you're buying or selling condos in White Rock & South Surrey.

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August 2023 Condos Market Report — White Rock & South Surrey | Randy Dyck | South Surrey White Rock Real Estate