surrey DETACHED - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 14% VS 2022
▲ 11% VS 2022
▲ 24% VS 2022
▲ 0.8% VS 2022
There were 1,382 detached listings in Surrey in November, 9% below October and 24% higher than November 2022. November detached home sales decreased by 15% month-over-month, to 134, and were 0.8% above November 2022. The sales-to-listing ratio for detached in Surrey, at 10%, reflected a buyers' market. The detached median price in November was $1,500,000, a 1.9% increase from October and 11% above November 2022. The average sold price was $1,672,486, 1.5% above last month and up 14% to November 2022.
THIS MONTH No. $1,672,486 $1,500,000 10% 134 1,382
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,467,049 $1,350,000 12% 133 1,117
14% 11% -19% 0.8% 24%
$1,647,982 $1,472,500 10% 158 1,517
1.5% 1.9% -7% -15% -9%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,375
1,517
1,294
1,484
1,382
1,420
1,155
1,117
1.79
1.77
1.64 1.60
1.56
1.55
963
894
895
863
826
312
300
261
192
158
145
123
88
266
134
133
182
174
$1.65M $1.58M
$1.60M $1.57M
$1.52M $1.63M
$1.47M $1.50M
$1.46M $1.39M $1.48M $1.47M
$1.35M
22-Nov
23-Oct
23-Nov
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
500
400
300
60%
200
31%
18%
100
15%
13%
9%
4%
4%
3%
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
20 3 15%
5 3 60%
16 2 13%
51 16 31%
245 43 18%
506 47 9%
247 9 4%
115 5 4%
177 6 3%
Copyright © 2023 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 December 11, 2023. 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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