surrey DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 39% VS 2023
▼ 13% VS 2023
▼ 9% VS 2023
▼ 30% VS 2023
There were 1,766 detached listings in Surrey in June, 7% above May and 39% higher than June 2023. June detached home sales decreased by 16% month-over-month, to 209, and were 30% below June 2023. The sales-to-listing ratio for detached in Surrey, at 12%, reflected a buyers' market.
THIS MONTH No. $1,690,840 $1,515,000 12% 209 1,766
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,932,922 $1,672,500 24% 299 1,269
-13% -9% -50% -30% 39%
$1,807,971 $1,595,000 15% 249 1,643
-22% -16% 7%
The detached median price in June was $1,515,000, a 5% decrease from May and 9% below June 2023.
The average sold price was $1,690,840, 6% below last month and down 13% to June 2023.
-6% -5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,766
1,524
1,460 1,497
1,643
1,358
1,350
1.89
1.84
1,392
1,269
1.79
1,275
1,120
1.59
1,094
1.58
977
1.47
249
299
186
178
166
148
130
134
123
209
219
202
175
$1.67M $1.59M $1.62M
$1.59M $1.50M $1.50M
$1.58M $1.60M $1.57M $1.60M $1.52M
$1.43M $1.50M
23-Jun
24-May
24-Jun
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
700
600
500
54%
400
300
27%
25%
200
11%
8%
7%
100
5%
2%
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
11 3 27%
37 20 54%
294 73 25%
672 76 11%
276 21 8%
199 4 2%
136 10 7%
47 0 n/a
39 2 5%
55 0 n/a
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 July 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. 44 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online