The spring White Rock real estate market appears to be starting in spite of the cold snowy winter conditions. The monthly White Rock and area statistics are available here.
Town Home HPI
For houses, the Housing Price Index (HPI) continued it's moderate decline at $7,500 below December stats and a total of $73,100 below August 2016's HPI peak.That's a decline in value of $14,620 per month since last August or a 4.9% decline in value since August's peak value. The number of sales in January was 44 compared to 47 in December and compared to the 245 sales reported at the peak last March. The average sales price for the 44 sales was $1.490M, compared to $1.564M in December and $1.985M at the sales price peak in October.
For White Rock area town homes, the HPI declined very slightly for the second month in a row. Only by $1,100 from December and by $11,900 since November's peak. That's a 2% decline in 2 months.The number of sales remained similar to December at 36 compared to 113 at last April's peak. The average sales price of the 36 sales reported increased to $657,808 from December's $624,056. But that's still below last July's peak average sales price of $678,828. The percentage of the townhouse inventory selling declined as we would expect as more townhouses start to be listed for sale at this time of year....