surrey DETACHED - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.9% VS 2022
▲ 25% VS 2022
▲ 5% VS 2022
▼ 3% VS 2022
There were 1,118 detached listings in Surrey in December, 19% below November and 25% higher than December 2022. December detached home sales decreased by 4% month-over-month, to 129, and were 5% above December 2022. The sales-to-listing ratio for detached in Surrey, at 12%, reflected a buyers' market. The detached median price in December was $1,417,000, a 6% decrease from November and 3% below December 2022. The average sold price was $1,554,658, 7% below last month and up 1.9% to December 2022.
THIS MONTH No. $1,554,658 $1,417,000 12% 129 1,118
PREVIOUS MONTH
PREVIOUS YEAR
No. 123 894
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
1.9% -3% -16% 5% 25%
$1,672,486 $1,500,000 10% 134 1,382
-7% -6% 19% -4% -19%
$1,526,286 $1,455,000 14%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,382
1,375
1,517
1,294
1,484
1,420
1,155
1.84
1.79
1,118
1.69
1.64
894
1.57
963
1.55
895
863
826
312
300
261
191
158
145
134
88
266
129
123
182
174
$1.65M $1.58M $1.59M $1.57M
$1.52M $1.63M
$1.47M $1.50M $1.42M
$1.46M $1.39M $1.48M $1.47M
22-Dec
23-Nov
23-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
100%+
300
64%
200
27%
100
18%
13%
8%
6%
5%
2%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
22 4 18%
2 3 150%
16 2 13%
33 21 64%
172 46 27%
400 33 8%
201 10 5%
107 6 6%
165 4 2%
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 January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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