data pack: the vancouver rennie review | March 2025

surrey DETACHED - FEBRUARY 2 0 2 5

SALES TO LISTINGS RATIO 8% BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 2% VS 2024

▲ 45% VS 2024

▼ 2% VS 2024

▼ 32% VS 2024

There were 1,620 detached listings in Surrey in February, 12% above January and 45% higher than February 2024. February detached home sales increased by 9% month-over-month, to 127, and were 32% below February 2024. The sales-to-listing ratio for detached in Surrey, at 8%, re(ected a buyers' market.

THIS MONTH No. $1,743,430 $1,550,000 8% 127 1,620

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$1,700,971 $1,583,444 17% 186 1,120

-53% -32% 45%

$1,768,230 $1,600,000 8% 117 1,446

-1.4% -3% -3% 9% 12%

The detached median price in February was $1,550,000, a 3% decrease from January and 2% below February 2024.

The average sold price was $1,743,430, 1.4% below last month and up 2% to February 2024.

2% -2%

▶ RATIO OF MEDIAN PRICES

▶ RECENT TRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

1,924

1,687

1,882

1,842

1,807

1,524

1,766

1,620

1,643

1.88

1.84

1.76 1.71

1,446

1,436

1.63

1,275

1,120

1.56

249

225

196

179

168

156

134

117

186

127

217

204

209

$1.58M $1.60M $1.57M $1.60M $1.52M $1.57M $1.58M $1.60M $1.50M $1.54M $1.55M $1.60M $1.55M

24-Feb

25-Jan

25-Feb

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY ● S-L RATIO

600

500

400

300

200

24%

13%

14%

100

7%

6%

4%

4%

3%

0

<$1M

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M

$6.0M+

S-L RATIO SALES INVENTORY

15 2 13%

50 12 24%

309 42 14%

578 42 7%

247 11 4%

194 12 6%

124 5 4%

32 1 3%

24 0 n/a

47 0 n/a

Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 44 ●

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