surrey CONDO - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 5% VS 2023
▲ 52% VS 2023
▼ 14% VS 2023
There were 737 condo listings in Surrey in March, 10% above February and 52% higher than March 2023. March condo sales decreased by 0.5% month-over-month, to 190, and were 14% below March 2023. The sales-to-listing ratio for condos in Surrey, at 26%, reflected a sellers' market. The condo median price in March was $553,500, a 5% increase from February and 5% above March 2023. The average sold price was $563,078, 4% above last month; the average PSF sale price was $739, up 0.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 222 485
% Change
No. 191 669
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
190 737
-44% -14% 52%
0.2% 4% 5% -10% -0.5% 10%
$739 $563,078 $553,500 26%
$686 $536,501 $524,750 46%
$738 $540,080 $525,000 29%
8% 5% 5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
746
810
792
737
669
604
669
667
654
632
605
485
496
260
237
205
191
222
150
148
190
236
223
162
148
138
$558K
$555K
$554K
$545K
$542K
$543K
$537K
$541K
$535K
$532K
$534K
$525K
$525K
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
250
4+ bdrms
200
1
150
9
3 bdrms
50%
29
40%
100
35%
25% 27%
107
19%
16%
2 bdrms
50
10%
400
0
74
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
43 8 19%
164 57 35%
233 58 25%
180 48 27%
81 13 16%
29 3 10%
5 2 40%
2 1 50%
307
Copyright © 2024 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 April 10, 2024. 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online