Houses Market Report

August 2023 Morgan Creek Houses Market

Houses market data for Morgan Creek, Surrey — August 2023. Average sold price $1,314,700, 4 sold in 30 days, 52 avg days on market.

← JulAugSep →All Reports →
Buyer's MarketMorgan Creek houses is currently a buyer's market. 4.5% sales-to-active listings ratio — homes selling in an average of 52 days, at an average sold price of $1,314,700 — well-priced properties are attracting strong demand.
4
Houses Sold (30d)
$1.31M
Avg Sold Price
52d
Avg Days on Market
89
Homes For Sale

Current Morgan Creek Houses Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Houses Sold (30d)4
Avg Sold Price$1,314,700
Homes For Sale89
Avg Days on Market52 days
Months of Supply22.3 mo

August 2023 Morgan Creek Market Snapshot

All property types — historical MLS® data for Morgan Creek in August 2023.

All Types Sold10
Avg Sold Price$1,719,539
Avg Days on Market13 days
Avg Price per ft²$686,680

Morgan Creek Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
June 20264$1,314,70052d$286,871—
May 202618$1,162,47232d$415,929Seller's
April 202622$1,173,95132d$493,731Seller's
March 20269$1,533,88940d$564,885Seller's
February 20267$1,621,14046d$675,330Seller's
January 20267$1,667,07189d$693,649Seller's

Frequently Asked Questions — Morgan Creek Houses

How did the Morgan Creek houses market perform in August 2023?+
The Morgan Creek houses market currently shows 4 units sold in the last 30 days at an average price of $1,314,700, with an average of 52 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a house in Morgan Creek?+
The average sold price for a house in Morgan Creek is currently $1,314,700, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do houses take to sell in Morgan Creek?+
Houses in Morgan Creek are currently selling in an average of 52 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for houses in Morgan Creek?+
Morgan Creek houses has a sales-to-active listings ratio (SALR) of 4.5%, 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 house in Morgan Creek?+
Morgan Creek houses are currently in a buyer's market. The average price is $1,314,700. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Morgan Creek market perform in August 2023?+
In August 2023, the Morgan Creek real estate market (all property types) recorded 10 sales at an average price of $1,719,539, with properties averaging 13 days on market at $686,680 per square foot.
How did Morgan Creek compare in August 2023 vs. July 2023?+
Compared to July 2023, overall Morgan Creek sales volume was down 33% (15 vs 10 homes sold) and the average sold price was up 80% to $1,719,539.
Explore More

What does the Morgan Creek houses market mean for you?

Randy specialises in Morgan Creek real estate and can give you a personalised view of the houses market.

Get a Market Briefing
August 2023 Morgan Creek Houses Market Report — White Rock & South Surrey | Randy Dyck | South Surrey White Rock Real Estate