Fraser Valley

SURREY

APRIL 2024

Price Band & Bedroom CONDOS & TOWNHOMES

Community CONDOS & TOWNHOMES

SnapStats® $0 – 100,000

Inventory

Sales

Sales Ratio

SnapStats®

Inventory

Sales

Sales Ratio

0 0

0 0 7

NA NA

Bear Creek Green Timbers

15 20

5 4 1 2

33% 20% 33% 37% 37% 23% 37% 12% 100%

100,001 – 200,000 200,001 – 300,000 300,001 – 400,000 400,001 – 500,000 500,001 – 600,000 600,001 – 700,000 700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

Bolivar Heights Bridgeview Cedar Hills East Newton

12 56

58% 21% 27% 24% 19% 17% 27% 23% 18% 17%

1 6

12 51 61 38 27 36 25 12

186 250 205 155 131 108

70 93 13 98 43

26 34

Fleetwood Tynehead

Fraser Heights

3

Guildford

36

Panorama Ridge

5 0

Port Kells

0

NA

1,000,001 – 1,250,000 68 1,250,001 – 1,500,000 6 1,500,001 – 1,750,000 0 1,750,001 – 2,000,000 0 2,000,001 – 2,250,000 0 2,250,001 – 2,500,000 0 2,500,001 – 2,750,000 0 2,750,001 – 3,000,000 0 3,000,001 – 3,500,000 0 3,500,001 – 4,000,000 0

Queen Mary Park Royal Heights Sullivan Station

80

13

16%

1 0 0 0 0 0 0 0 0 0

2

2

100%

NA NA NA NA NA NA NA NA NA

86

26 21 92

30% 21% 17% 23%

West Newton

102 548

Whalley TOTAL*

1177

270

4,000,001 & Greater

0

TOTAL*

1177

270

23%

0 to 1 Bedroom

355 461 236 125

67

19% 24% 22% 33% 23%

2 Bedrooms 3 Bedrooms

109

53 41

4 Bedrooms & Greater

TOTAL*

1177

270

SnapStats®

March

April 1177

Variance

Inventory

973 260

21%

Solds

270

4%

Sale Price

$646,250 $610,000 -6%

Sale Price SQFT

$623

$593

-5% -1% -8%

Sale to List Price Ratio

100% 99%

Days on Market

13

12

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator SURREY ATTACHED : Sellers Market at 23% Sales Ratio average (2.3 in 10 homes selling rate) • Homes are selling on average 1% below list price • Most Active Price Band** $200,000 to $300,000 with average 58% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $700,000 to $800,000, Panorama Ridge, Queen Mary Park, Whalley and up to 1 bedrooms • Sellers Best Bet** Selling homes in East Newton, Fleetwood Tynehead, Guildford and minimum 4 bedrooms **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$649,500

$646,250

13 Month Market Trend

$631,000

$630,000

$615,000 $629,900

$610,000

$601,000

$600,000 $587,000 $600,000

$600,000

$576,250

1177

1069

1052

996

973

926

917

909

908

839

814

744

670

362

297

299

291

270

263

260

238

195

186

171

164

166

APR

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JUN

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AUG

SEP

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MAR

APR

Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on May 1, 2024 from the Fraser Valley Real Estate Board MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.