April 2025 Fraser Valley Market Update: More Listings, More Choices for Buyers

April 2025 Fraser Valley Market Update: More Listings, More Choices for Buyers

Published by Omeed Ghafori | REALTOR® | www.OmeedGhafori.com

As we step into the heart of the spring market, Fraser Valley home buyers are finally seeing the kind of selection they’ve been waiting for. With over 10,000 active listings across the region, including key markets like South Surrey, Cloverdale, and East Abbotsford, buyers now have more choice, time, and room for negotiation than we’ve seen in over a decade.

Despite the rise in inventory, April 2025 sales were relatively soft, indicating we’re still in a buyer’s market. Whether you're buying your first home, looking to upgrade, or considering downsizing, this could be your window of opportunity.

Key Highlights from the April 2025 Market:

? Detached Homes – White Rock/South Surrey

• Sales: 52 (↓10.3% YoY, ↑26.8% from March)

• Benchmark Price: $1,910,800 (↓2.6% YoY, ↑0.3% MoM)

• Active Listings: 614 (↑32.3% YoY)

?? Detached homes remain desirable but have seen moderate price adjustments. Inventory is high, offering flexibility to buyers.

? Townhouses – White Rock/South Surrey

• Sales: 42 (↓35.4% YoY, ↓20.8% from March)

• Benchmark Price: $954,400 (↓2.8% YoY, ↑0.8% MoM)

• Active Listings: 290 (↑67.6% YoY)

?? Townhouses are in lower demand this spring, which may offer better negotiation opportunities.

? Apartments – White Rock/South Surrey

• Sales: 72 (↓19.1% YoY, ↑35.8% from March)

• Benchmark Price: $619,400 (↓2.9% YoY, ↓1.1% MoM)

• Active Listings: 426 (↑67.7% YoY)

?? Apartments have rebounded in activity from March, but values continue to soften.

What’s Happening Across the Fraser Valley?

According to the Fraser Valley Real Estate Board, overall sales were up just 1% from March but down 29% year-over-year, despite a significant uptick in active listings. Detached homes in the broader Fraser Valley had a benchmark price of $1,506,600 (↓1.3% YoY), while townhomes sat at $833,100 (↓2.4%) and apartments at $537,800 (↓3.2%).

? Homes Are Taking Longer to Sell

• Detached: 32 days on average

• Townhomes/Condos: 29 days on average

With more homes on the market and buyers taking their time, sellers need to price competitively and market strategically.

 Expert Insight

“There’s a noticeable increase in open house traffic, but buyers are cautious. They’re shopping around more and not rushing to place offers.”
— Tore Jacobsen, Chair, FVREB

 What This Means for You

 Buyers:

• Enjoy more inventory and negotiating power.

• Less pressure to act fast—compare multiple options before deciding.

• Ideal time to shop townhomes and condos, where prices have softened most.

 Sellers:

• Be realistic with pricing and presentation.

• Leverage professional marketing and strong online presence.

• Homes are selling—but only if they’re well-priced and move-in ready.

 Looking to Buy or Sell in the Fraser Valley

Whether you're exploring East Abbotsford, South Surrey, Cloverdale, or beyond, I can help you navigate this evolving market. Let’s talk about how to maximize your next move!

Omeed Ghafori
REALTOR® | Century 21 Coastal Realty
www.OmeedGhafori.com  778-316-7506