surrey CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2024
▲ 3% VS 2024
▲ 82% VS 2024
▼ 34% VS 2024
There were 1,221 condo listings in Surrey in February, 11% above January and 82% higher than February 2024.
February condo sales increased by 3% month-over-month, to 128, and were 34% below February 2024.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 195 670
% Change
No.
% Change
The sales-to-listing ratio for condos in Surrey, at 10%, re(ected a buyers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$717 $580,272 $539,950 10% 128 1,221
-64% -34% 82%
$704 $527,593 $522,000 11% 124 1,101
1.9% 10% 3% -7% 3% 11%
The condo median price in February was $539,950, a 3% increase from January and 3% above February 2024. The average sold price was $580,272, 10% above last month; the average PSF sale price was $717, up 1.9% to last month.
$740 $540,214 $525,000 29%
-3% 7% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,221
1,141
1,243 1,243
1,077
1,204
1,164
1,101
925
1,038
996
670
738
225
212
197
193
155
195
128
190
169
171
143
125
124
$574K
$554K
$550K
$550K
$550K
$540K
$538K
$540K
$540K
$525K
$525K
$522K
$519K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
350
1 1
300
4+ bdrms
250
5
200
3 bdrms
50%
74
150
100
72
15%
2 bdrms
13%
10%
646
9%
50
4%
3%
0
50
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
84 13 15%
323 32 10%
335 45 13%
285 26 9%
137 5 4%
37 1 3%
8 0 n/a
12 6 50%
500
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. 46 ●
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