The Fraser Valley real estate market continued to cool in August 2025, with sales slowing and prices softening across most communities. Buyers are firmly in the driver’s seat right now, with more inventory, more time to make decisions, and opportunities to negotiate. Here’s a quick breakdown of what’s happening across our local neighborhoods.
Fraser Valley Overall
Sales: 931 (down 22% from July, and 13% lower than August 2024)
Active Listings: 10,445 (up 21% year-over-year)
Sales-to-Active Ratio: 9% → a strong buyer’s market
Benchmark Prices:
Detached: $1,436,800 (↓ 5.7% year-over-year)
Townhomes: $807,800 (↓ 4.5%)
Condos: $514,100 (↓ 5.9%)
Abbotsford
Detached: $1,171,900 (↓ 4.1% year-over-year)
Townhomes: $645,700 (↓ 2.8%)
Condos: $421,800 (↓ 4.8%)
Sales activity was mixed, with townhomes showing stronger demand than detached or condos. Inventory is up nearly 50% for condos, giving buyers plenty of choice.
Mission
Detached: $1,025,400 (↓ 2.0%)
Townhomes: $656,500 (↓ 4.1%)
Condos: $434,700 (↓ 5.9%)
Detached home sales were up 52% year-over-year, but prices still slipped. Condo and townhouse sales remain relatively quiet.
White Rock / South Surrey
Detached: $1,795,500 (↓ 8.7%)
Townhomes: $921,200 (↓ 5.0%)
Condos: $588,600 (↓ 5.7%)
Detached sales dropped 40% compared to last year. Prices across all property types continue to adjust, especially in the higher-end detached market.
Langley
Detached: $1,590,800 (↓ 3.4%)
Townhomes: $848,100 (↓ 4.1%)
Condos: $589,500 (↓ 3.6%)
Condo sales fell sharply (down 44% year-over-year), while townhomes held steadier. Detached prices remain above $1.5M but are trending downward.
North Delta
Detached: $1,321,300 (↓ 10.3%)
Townhomes: $933,000 (↓ 2.5%)
Condos: $540,300 (↓ 6.1%)
Detached homes saw one of the largest price drops in the Fraser Valley. Inventory is up nearly 60%, offering more leverage to buyers.
Surrey (Overall)
Detached: $1,541,800 (↓ 6.4%)
Townhomes: $830,700 (↓ 4.8%)
Condos: $500,800 (↓ 7.6%)
Activity slowed across all property types. Detached sales fell 22%, while condo prices recorded the sharpest decline.
Surrey by area:
Central Surrey: Detached $1,451,500 (↓ 5.8%)
Cloverdale: Detached $1,440,800 (↓ 4.6%)
North Surrey: Detached $1,423,100 (↓ 5.8%), condos ↓ 10.1% year-over-year
What This Means for Buyers & Sellers
The Fraser Valley remains a buyer’s market. Homes are taking longer to sell (averages: 38 days for detached, 32 days for townhomes, 41 days for condos), and price trends are softening across the board.
For buyers: This is a good opportunity to negotiate and take time before making decisions.
For sellers: Pricing competitively is key, as buyers have more choices and leverage.
Final Thoughts
With sales at 36% below the 10-year average and benchmark prices down across all communities, the Fraser Valley housing market is adjusting. For anyone considering buying or selling, staying informed on local neighborhood stats is crucial.
If you’d like tailored advice about buying or selling in Langley, Surrey, or surrounding Fraser Valley communities, feel free to reach out—I’d be happy to help.
