surrey DETACHED - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 7% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.7% VS 2023
▲ 0.6% VS 2023
▲ 32% VS 2023
▼ 19% VS 2023
There were 1,924 detached listings in Surrey in September, 4% above August and 32% higher than September 2023. September detached home sales decreased by 20% month-over-month, to 135, and were 19% below September 2023. The sales-to-listing ratio for detached in Surrey, at 7%, re&ected a buyers' market. The detached median price in September was $1,595,000, a 0.8% increase from August and 0.6% above September 2023. The average sold price was $1,813,619, 3% above last month and up 0.7% to September 2023.
THIS MONTH No. $1,813,619 $1,595,000 7% 135 1,924
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,801,075 $1,586,000 11% 166 1,460
0.7% 0.6% -38% -19% 32%
$1,760,263 $1,582,500 9% 168 1,842
3% 0.8% -23% -20% 4%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,924
1,882
1,842
1,524
1,766
1,497
1,643
1.89
1.88
1,358
1.87
1,460
1,275
1.58
1.57
1.55
1,120
1,094
977
249
186
179
168
147
130
134
123
166
135
219
204
209
$1.59M
$1.50M $1.50M $1.43M
$1.50M $1.58M $1.60M $1.57M $1.60M $1.52M $1.57M $1.58M $1.60M
23-Sep
24-Aug
24-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
700
600
500
400
300
22%
200
12%
11%
9%
100
3%
3%
2%
1%
1%
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
18 2 11%
51 11 22%
345 41 12%
704 63 9%
288 10 3%
212 3 1%
144 2 1%
62 1 2%
38 0 n/a
62 2 3%
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 October 9, 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. 44 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online