Surrey, Cloverdale, and Langley Housing Market Update - Feb. 5

Surrey saw the most homes comes to the market this past week with 51 new listings for detached homes, 37 for townhomes and 48 for condos.

Cloverdale had a slower week as only 31 total new listings came to the market in Cloverdale for single family homes, townhomes and condos.

Langley had mixed results. Only 27 new listings for detached homes which includes farmland. There were 35 new listings for townhomes and 28 for condos.

All in all, new listings for this week were up and down for certain segments and that shows as we are at the lowest level of new supply for listings in over 30 years.

Due to this lack of supply, showings have increased, open houses are busier and multiple offer situations have also happened.

If you want to know what’s happening in your neighborhood, please give us a call or send us a DM and we’d be more than happy to provide you the information.

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PJ @ 604-725-1258 | Razaik @ 604-537-8447 |
Cheema Real Estate Group

Ready to SELL your home? Ready to BUY your new home? Ready to INVEST in a property? If you’re thinking of making a move anywhere in Surrey, Cloverdale, Langley, please feel free to reach out!