Realtor Steve Chapman White Rock Real Estate Agent Testimonials

Margie Chapman,
unlicensed partner

Steve Chapman,

White Rock Real Estate

Serving Clients Since 1990

South Surrey / White Rock

December's statistics for White Rock real estate now show that the housing price index for detached houses, townhouses and condos are declining. Is this to be a short correction, or the much predicted bubble pop? Prices should not be expected to climb again until buyer demand outstrips the anticipated spring market new listing inventory.

 The hardest thing to do is to predict the timing of a change in the White Rock real estate market. We can even make an educated guess as to the direction up or down that the market will go next and still be wrong. Why? Because real estate statistics do not anticipate changes in purchaser's consumer confidence and affordability concerns or seller's optimism vs "fear of loss" anxiety levels. This is the most recent Peace Arch News article "Home prices in White Rock expected to drop seven per cent: report" which predicts a 7% drop across houses, condos and townhouses combined. And for timing? This report predicts a 30 to 50% house price decline. But that prediction was almost 2 years ago before last years record gains.

I expect that there will be consensus by analysts that a slight correction will...

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White Rock Real Estate

Phone me or email me for an appointment if you are thinking of buying or selling your White Rock area home during this upcoming spring market.

From the monthly White Rock and area statistics available here, we see that December remained incredibly stable, considering White Rock's 2016 record high spring and summer real estate market. 

For houses, the Housing Price Index (HPI) was real stable at only $3,700 below November stats and a total of $65,600 below August 2016's HPI peak. The number of sales in December was 47 compared to 62 in November and compared to the 245 sales reported at the peak last March. The average sales price for the 47 sales was $1.564M, compared to $1.648M in November and $1.985M at the sales price peak in October.

For White Rock area town homes, the HPI declined in December for the first time in nearly 2 years. But only by $10,700 off the November peak. The number of sales declined from 54 in November to 37 in December compared to 113 at last April's peak. The average of the 37 sales prices increased to $624,056 over November's $612,365 compared...

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Need to Sell?

When selling your home, you need a REALTOR you can trust to assist you through every step of the process, to achieve your goal of a stress-free sale, within a reasonable time frame and for top market value. Learn how I can help you get more and better offers on your home.

Free Selling Price Estimate

When thinking of selling, you will want to know the probable selling price of your home and meeting with me will give you an opportunity to decide if you would like to hire me as your REALTOR. I'll research and then meet with you to  review recently-sold properties that are comparable to yours. 

Search Listings by Cell Phone

On your  Iphone,  Android phone or tablet, you can view new listings anytime and anywhere you are. Out for a walk, or driving your prefered neighbourhood, use your phone's GPS to get all the details on the new property that you just spotted with the new real estate sign in the front yard.

Mortgage Analysis

How much are you paying in interest over the life of your mortgage? This calculator charts interest, equity and debt. If financing will be needed, it's best to consult with a mortgage broker prior to looking for a new home. Phone me if you would like a referral to a mortgage broker.

The following links are to pre-selected searches of White Rock Real Estate and South Surrey Real Estate For Sale

All White Rock & South Surrey Detached Houses, Condos and Town Homes

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB. 

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