Joel Ross PREC

If you’re thinking about selling your home in Ocean Park, South Surrey, understanding the current real estate trends is key to maximizing your property’s value and selling quickly. As a local Remax Realtor in Ocean Park for over 10 years, I’ve been closely tracking the market, and here’s a snapshot of what sellers need to know right now.

1. Home Prices in Ocean Park Are Strong but Softening

Ocean Park continues to be a highly desirable neighbourhood in South Surrey. Homes here attract buyers looking for coastal charm, family-friendly streets, and excellent schools.

• Median home prices have softened over the past few years, but well-priced properties still sell quickly.

• Luxury homes and family-sized properties tend to sell faster and often above asking price when presented well. However in the current market, the higher priced homes have been harder hit than the lower priced homes.

Tip for sellers: Pricing your home competitively and highlighting its unique features is critical to attract multiple offers.

2. Inventory is Limited

Like many popular coastal communities, Ocean Park has low inventory, which means fewer homes are on the market over the winter months:

• Buyers often face competition for well-maintained properties.

• Homes in desirable locations, especially near beaches and schools, tend to receive multiple offers quickly.

• While there are not as many buyers in the market in winter, the buyers who are shopping tend to be more serious.

Tip for sellers: A well-timed and well-priced listing can take advantage of the demand for homes in Ocean Park.

3. Buyer Demographics Are Diverse

Current buyers in Ocean Park include:

• Growing families looking for spacious homes near schools and parks.

• Downsizers seeking low-maintenance townhouses or condos.

• Builders interested in long-term growth and rental potential with plans for new construction.

Tip for sellers: Understanding who your potential buyers are can help you stage and market your home effectively.

4. Demand for Move-In Ready Homes is High

Buyers are increasingly looking for homes that are modern, updated, and ready to move into:

• Fresh paint, updated kitchens, and well-maintained landscaping can significantly increase your home’s appeal.

• Homes that are well-staged tend to sell faster and for a higher price.

Tip for sellers: Investing in small renovations and professional staging often pays off in final sale price.

5. The Importance of Local Expertise

Navigating the Ocean Park real estate market requires local knowledge and strategy:

• Correctly pricing your home based on current trends and comparable sales.

• Marketing to the right audience using both online and community-based channels.

• Negotiating offers to maximize your return.

Tip for sellers: Working with an Ocean Park Realtor who understands Ocean Park’s unique market trends is essential for a successful sale.

6. Timing Your Sale Matters

While Ocean Park homes sell well year-round, spring and early summer tend to be peak seasons:

• Longer daylight hours and nicer weather make homes more attractive.

• Buyers are often motivated to settle before the school year or summer holidays.

Tip for sellers: Planning your listing around these peak periods can help increase buyer interest and competition.

Thinking About Selling in Ocean Park?

If you’re considering putting your home on the market, now is a great time to leverage these market trends. From relatively strong buyer demand to limited inventory, Ocean Park continues to be a hot spot for homes that are well-presented and competitively priced.

As a local Realtor, I can help you navigate the market, price your home correctly, and attract serious buyers, ensuring you get the best possible result.  Call Joel Ross at 604-808-2001.

Joel Ross, Personal Real Estate Corporation

Remax Colonial Pacific Realty