surrey DETACHED - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 11% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 9% VS 2023
▲ 31% VS 2023
▲ 27% VS 2023
There were 1,436 detached listings in Surrey in December, 15% below November and 31% higher than December 2023. December detached home sales decreased by 20% month-over-month, to 156, and were 27% above December 2023. The sales-to-listing ratio for detached in Surrey, at 11%, reflected a buyers' market. The detached median price in December was $1,553,750, a 0.7% increase from November and 9% above December 2023. The average sold price was $1,695,000, 0.0% below last month and up 6% to December 2023.
THIS MONTH No. $1,695,000 $1,553,750 11% 156 1,436
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,605,732 $1,430,000 11% 123 1,094
6% 9% -3% 27% 31%
$1,695,206 $1,543,000 12% 196 1,687
0% 0.7% -6% -20% -15%
▶ 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
1,643
1.88
1.82
1,436
1.70
1.63
1,275
1,094
1.57
1.53
1,120
977
249
226
196
186
179
168
134
135
156
123
217
204
209
$1.50M $1.58M $1.60M $1.57M $1.60M $1.52M $1.57M $1.58M $1.60M $1.50M $1.54M $1.55M $1.43M
23-Dec
24-Nov
24-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
500
400
300
36%
200
26%
19%
14%
100
6%
5%
3%
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
14 5 36%
31 8 26%
247 47 19%
510 70 14%
230 14 6%
172 5 3%
111 6 5%
39 1 3%
28 0 n/a
54 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 January 13, 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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