surrey DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.0% VS 2023
▲ 21% VS 2023
▲ 54% VS 2023
▼ 4% VS 2023
There were 1,807 detached listings in Surrey in October, 6% below September and 21% higher than October 2023. October detached home sales increased by 67% month-over-month, to 226, and were 54% above October 2023. The sales-to-listing ratio for detached in Surrey, at 13%, re'ected a balanced market. The detached median price in October was $1,500,000, a 6% decrease from September and 0.0% above October 2023. The average sold price was $1,661,641, 8% below last month and down 4% to October 2023.
THIS MONTH No. $1,661,641 $1,500,000 13% 226 1,807
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,723,042 $1,499,900 10% 147 1,497
-4% 0% 27% 54% 21%
$1,813,619 $1,595,000 7% 135 1,924
-8% -6% 78% 67% -6%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,924
1,807
1,882
1,842
1,524
1,766
1,643
1.88
1,497
1,358
1.80
1.80
1,275
1.58
1.56
1,120
1.51
1,094
977
249
186
179
168
130
134
135
123
226
147
217
204
209
$1.58M $1.60M $1.57M $1.60M $1.52M $1.57M $1.58M $1.60M $1.50M
$1.50M $1.50M
$1.43M $1.50M
23-Oct
24-Sep
24-Oct
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
700
600
500
400
47%
300
25%
200
16%
12%
8%
100
4%
3%
3%
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
19 3 16%
49 23 47%
323 82 25%
658 82 12%
260 21 8%
205 9 4%
136 3 2%
60 2 3%
37 1 3%
60 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 November 12, 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