Fraser Valley

SURREY

FEBRUARY 2024

Price Band & Bedroom DETACHED HOUSES

Com m unity DETACHED HOUSES

SnapStats® $0 -700,000

Inventory Sales

Sales Ratio

SnapStats®

Inventory Sales

Sales Ratio

0 0 2 8

0 0 0 1

NA NA NA

BearCreek Green Tim bers

49 60 17 40 62 72 50 32 63 37 17 48 80 40 3

9

18% 17% 18% 23% 23% 19% 12% 14% 33% 19% 6%

700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

BolivarHeights Bridgeview CedarHils EastNew ton

10

3 9

13% 65% 29% 17%

1,000,001 – 1,250,000 20 1,250,001 – 1,500,000 134 1,500,001 – 1,750,000 144 1,750,001 – 2,000,000 125 2,000,001 – 2,250,000 57 2,250,001 – 2,500,000 76 2,500,001 – 2,750,000 27 2,750,001 – 3,000,000 28 3,000,001 – 3,500,000 16 3,500,001 – 4,000,000 10 4,000,001 – 4,500,000 3 4,500,001 – 5,000,000 5 5,000,001 – 5,500,000 1 5,500,001 -6,000,000 9 6,000,001 -6,500,000 3 6,500,001 -7,000,000 1

13 39 25

14 14

Fleetwood Tynehead

FraserHeights

6 2 9 1 7 1 4 4 3

9 5 3 0 0 1 0 0 0 0 0 0 0 0

7% 9% 4%

Guildford

Panoram a Ridge

Port Kels

NA NA NA NA NA NA NA NA NA NA

Queen M ary Park RoyalHeights Sulivan Station

6% 8% 5% 8%

6%

W estNew ton

Whaley TOTAL*

670

96

14%

7,000,001 & Greater

1

TOTAL*

670

96

14%

2 Bedroom s & Less 3 to 4 Bedroom s 5 to 6 Bedroom s 7 Bedroom s & M ore

16

3

19% 16% 15% 13% 14%

191 232 231 670

30 34 29 96

TOTAL*

SnapStats®

January February Variance

Inventory

587

670

14% 20%

Solds

80

96

Sale Price

$1,488,500 $1,475,000 -1%

Sale Price SQFT

$569

$572

1%

Sale to ListPrice Ratio 99%

98%

-1%

Days on M arket

36

13

-64%

*Sales Ratio suggests m arkettype and speed (ie Balanced 12-20% .)Referto YTD reports forsustained periods.If> 100% M LS® data reported previous m onth’s sales exceeded currentinventory count.

M arket Sum m ary

• M arketType Indicator SURREY DETACHED :Balanced M arketat14% Sales Ratio average (1.4 in 10 hom es seling rate) • Hom es are seling on average 2% below listprice • M ostActive Price Band** $1 m ilto $1.25 m ilw ith average 65% Sales Ratio (Selers m arket) • Buyers BestBet** Hom es betw een $2.25 m ilto $2.5 m il,W estNew ton and m inim um 7 bedroom properties • Selers BestBet** Seling hom es in CedarHils,EastNew ton and up to 2 bedroom properties **W ith m inim um inventory of10 in m ostinstances

SALE PRICE

INVENTORY

SOLDS

$1,580,000 $1,600,000 $1,555,000 $1,540,000

13 Month M arket Trend

$1,520,000

$1,490,000

$1,488,500 $1,475,000

$1,428,000 $1,430,000

$1,417,500 $1,455,000

$1,355,000

904

883

868

836

814

789

680

670

587

584

537

490

444

173

163

157

137

115

101

99

96

82

80

77

71

61

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

Com plim ents of...

Maria Senajova PersonalRealEstate Corporation Stilhavn RealEstate Services

VancouverUrbanHom es.com

604.657.1110

m aria@ vancouverurbanhom es.com

© 2010-2024 SnapStats® Publishing Co.Al rights reserved.No partofthis publication m ay be reproduced,copied,posted on the internetorforw arded in any printed orelectronic form atw ithoutw riten perm ission.This reportdata w as captured on M arch 1,2024 from the FraserValey RealEstate Board M LS® .Referto ourYTD reports forsustained periods ofthe Sales Ratio % .The accuracy and com pleteness ofthe inform ation is notguaranteed.In providing this inform ation SnapStats® orM aria Senajova do notassum e any responsibility orliability.M ore info atsnap-stats.com .

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