White Rock
White Rock is the Pacific port of entry directly to northwest Washington, Blaine, and also part of the Vancouver metropolitan area. This site was laid out in 1905 and soon became a vacation spot. International park and Peach arch mark western extremity of Canadian border of the USA. This city is almost 48 km by road southeast of Vancouver city and is bounded on east, west, and north by surrey. It was started as a recreational resort on the shores of Semiahmoo Bay in Surrey.
Real estate outlook for 2021
2021 home sales activity for the city is expected to be powerful and outpace the 2020 levels. But the housing market will continue to struggle out due to an imbalance activity between demand and supply, which would ultimately lead to sustained competition and further home price appreciation and buyers, albeit at a slower pace than that was seen in 2020. The rates of mortgages have fallen to a new low, yet hitting another record in the previous week. However, as the pandemic fades and the economy improves, the rates will get high said housing economists. The National Association of Realtors has predicted that they are expecting the mortgage rates to average 3.1 % in 2021 high from 3 % in 2020.
Market Growth & stability
According to an analysis of global market growth of the calcite fillers, for sales of the calcite fillers a stable growth is predicted which has increased by almost 32.7 billion dollars until 2016, although a high growth in tendency is not much usual for the young companies like a white rock, its field of the business scope and work, along with its growth has also guaranteed its stability. Calcite filters are one of the most sold products and their use improves the characteristics of paint, plastic and also rubber, coatings, and adhesives.
Prices rising or stable outgrowth
From December 03 to 31 in 2020 the average sold price of white rock city was $1.1M. During this time period, the 3 bedroom apartment price was $1.3M, and six months ago this was $ 1.2M. Similarly, the 4 bedroom apartment price was $1.1M and was $1.3M about 6 months ago. From November 05 till December 3 this was changed to about 5.7 % monthly. If we see Quarterly change then this was 30.4% and it was a 15.7% yearly change. These prices are fluctuating.
Is the real estate market growing?
The real estate statistics of White Rock have shown that almost 97 % of Single – Family homes are in the seller’s market. The average monthly house price raised to $ 31,439 while the monthly house price for Fraser valley markets was also raised to $ 37,923. These prices were the highest prices of the month that were seen since 2016. This seller was partly due to the fact that we have recorded very low listing levels. Based on these statistics we can say that the real estate market is growing.
