surrey CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 3% VS 2023
▲ 86% VS 2023
▼ 5% VS 2023
There were 925 condo listings in Surrey in April, 26% above March and 86% higher than April 2023.
April condo sales increased by 19% month-over-month, to 226, and were 5% below April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 237 496
% Change
No. 190 737
% Change
The sales-to-listing ratio for condos in Surrey, at 24%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
226 925
-0.2% 6% 3% -49% -5% 86%
19% 26%
The condo median price in April was $550,000, a 0.6% decrease from March and 3% above April 2023. The average sold price was $560,734, 0.4% below last month; the average PSF sale price was $690, down 7% to last month.
$690 $560,734 $550,000 24%
$692 $531,449 $532,000 48%
$739 $563,078 $553,500 26%
-7% -0.4% -0.6% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
925
810
792
669
746
737
604
669
667
654
632
605
496
260
205
191
237
226
150
148
236
223
190
162
148
138
$558K
$555K
$554K
$550K
$545K
$542K
$543K
$537K
$541K
$535K
$532K
$534K
$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
300
250
4+ bdrms
1
200
8
3 bdrms
50%
150
36
33%
31% 28%
100
22%
21%
136
2 bdrms
15%
10%
50
501
0
82
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
63 14 22%
198 61 31%
275 78 28%
237 50 21%
103 15 15%
40 4 10%
6 3 50%
3 1 33%
387
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 May 8, 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 ●
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