surrey TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 68% VS 2023
▲ 20% VS 2023
▼ 1.4% VS 2023
There were 712 townhome listings in Surrey in December, 18% below November and 68% higher than December 2023. December townhome sales decreased by 4% month-over-month, to 138, and were 20% above December 2023. The sales-to-listing ratio for townhomes in Surrey, at 19%, reflected a balanced market. The townhome median price in December was $828,500, a 2% decrease from November and 1.4% below December 2023. The average sold price was $867,583, 0.2% above last month; the average PSF sale price was $547, up 0.9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 115 425
% Change
No. 144 870
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
138 712
20% 68%
0.9% 0.2% -2% 17% -4% -18%
$547 $867,583 $828,500 19%
$545 $838,345 $840,000 27%
0.4% 3% -1.4% -28%
$542 $865,556 $846,900 17%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
898
870
937
910
882
830
679
766
712
521
565
425
449
219
209
201
184
210
138
192
115
165
154
141
144
129
$890K
$886K
$880K
$868K
$857K
$845K
$847K
$850K
$847K
$840K
$839K
$832K
$829K
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
38
4+ bdrms
247
300
67%
250
69
3 bdrms
200
337
150
32% 32%
29
100
2 bdrms
16%
125
12% 14%
50
0
3 2
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
25 8 32%
158 50 32%
360 58 16%
116 14 12%
44 6 14%
6 0 n/a
3 2 67%
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. 45 ●
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