Fleetwood is one of the most interesting markets to watch in Surrey right now. Between strong sale prices, steady buyer demand, and the rapid growth plans unfolding around the Surrey-Langley SkyTrain extension, there’s a lot happening in this neighbourhood.
If you’re a homeowner here, considering a move, or looking to invest in Surrey real estate, here’s what you need to know about Fleetwood this month.
Fleetwood Real Estate Snapshot — May 2025
Let’s start with the numbers. Here’s how the Fleetwood market performed in May:
190 active listings
63 new listings last month
18 homes sold
Average sale price: $1,655,086
Average price per square foot: $505
Homes sold for 97.9% of list price on average
Detached homes and newer townhomes, especially those close to future SkyTrain stations, are leading the market in terms of demand and pricing.
What’s Happening with the Fleetwood Community Plan:
Beyond the market numbers, there’s a lot happening with city planning in Fleetwood that’s going to shape this neighbourhood for years to come.
Right now, Fleetwood’s Official Community Plan is in Step 4 of 5, meaning the city is finalizing details on how the area will grow as the SkyTrain arrives.
A few important updates:
Urban Residential areas can now allow up to 55 units per hectare. That means more townhomes and low-rise condos will be built in areas that were previously single-family only.
New Transit-Oriented Areas (TOAs) have been created around each SkyTrain station. These will allow for higher-density condos, mixed-use buildings, and more housing options for families.
Six new school sites have been added to the plan, and the city is focusing on expanding and upgrading existing parks instead of trying to acquire new land.
Expect more protected bike lanes, pedestrian-friendly streets, and improved roads as multi-family projects gradually replace older homes near SkyTrain hubs.
What this means: More housing variety and options coming soon, strong investment potential near SkyTrain expansion zones, better parks, schools, and recreational facilities for local families.
Why This Matters If You Own or Plan to Buy in Fleetwood
This is a smart time to assess your real estate strategy in Fleetwood. Whether you’re looking to buy, thinking about selling, or curious how these changes might affect your property’s value or redevelopment potential — having the right information now is key.
If you’d like a current value estimate for your home, want to know where the best buys are right now, or are simply curious about what’s happening near your property, I’d be happy to connect.
Feel free to reach out at 778-345-8897 or email jon@jonpereirarealty.com.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.