White Rock & South Surrey Prices Are Climbing Fast
Waiting for Home Prices to Drop? You Might Be Too Late
Everyone’s been saying it: “The market’s dead.” “Sales are down.” “Inventory is sky-high.”
But here’s the twist: Detached home prices in White Rock and South Surrey are up more than $50,000 in just 4 months.
This isn’t a fluke or a one-off. I dug into the actual sales data—and what I found might change how you think about timing the market.
So… Why Does Everyone Think the Market Is Dead?
It’s true: Sales are way down—nearly 50% below the 10-year average in the Fraser Valley.
Only about 1 in 10 homes is selling. Inventory? Over 10,000 listings.
That sounds like a recipe for falling prices, right? But not all parts of the market behave the same. Detached homes in specific neighborhoods are bucking the trend.
Benchmark Pricing Explained
Let’s simplify this. The benchmark price is like the cost of a medium coffee at your local shop—not the cheapest, not the priciest, but the most “standard” order.
Real estate works the same way. Benchmark pricing reflects typical home trends while removing outliers like luxury estates or fixer-uppers.
But to get the real story, we need more than averages. That’s why I pulled actual sales of near-identical homes to see what’s really happening.
Example #1: Grandview Homes Jump $146,000
In Grandview, I found two nearly identical homes:
- December 2024: 2016-built home sold for $1,640,000
- May 2025: 2021-built home sold for $1,786,500
Same size. Same finishes. Same neighborhood.
Even adjusting for the homes are 5 years newer, a $146,000 jump doesn’t lie. That’s not market decline—that’s upward movement in plain sight.
Example #2: Sunnyside Park Prices Quietly Climb
Over in Sunnyside Park, we compared two classic homes:
- Home A (December 2024): 5 bed, 3 bath, moderate upgrades, on a 8,100 SQFT lot
- Home B (April 2025): 4 bed, 3 bath, fewer updates, on a 7,200 SQFT lot
At first, it seemed like prices dropped—Home B sold for $58,000 less than Home A.
But here’s the thing: Home A had an upgraded kitchen and other improvements worth around $60,000. Plus, the larger lot adds roughly $6,800 in value based on BC Assessment data (900 SQFT more).
If we adjust Home A’s sale price to make things even, it would have been valued at around $1,760,000. That’s $70,000 more than Home B’s sale price.
So while on paper it looked like a price drop, the truth is: prices are quietly rising when you compare apples to apples.
What This Means If You’re Buying or Selling
The truth? The market isn’t dead.
It’s just… quiet. And in that silence, prices are moving. If you’re waiting for a crash, you might be on the wrong timeline.
For Buyers: delaying could cost you more than you think.
For Sellers: this could be your window before competition picks back up.
Thinking About Moving to White Rock or South Surrey?
This is where working with a local expert pays off.
If you’re planning a move, don’t rely on headlines. I’ve been helping families buy and sell in this area since 2007. My advice? Get the right info before making your move.
These aren’t cherry-picked luxury homes. These are average family homes with real value shifts.
So what do you think? Are we in a bubble—or the early stages of a new trend? Drop a comment, or reach out directly!
What if I have any questions about moving to Surrey or White Rock, BC?
Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of South Surrey/White Rock and its real estate dynamics, is committed to guiding you every step of the way.
We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the real estate market.
As you embark on this exciting journey, remember that the right home is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership a beautiful reality.
