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Market Report

Surrey

December 2024

Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable as of the Report Date. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained herein, and the same is submitted subject to errors and omissions, without any obligation to up date or correct.

Summary

Klein Reports 2024
Residential City Market Reports
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Surrey Specialists

Surrey Overview

Sales-to-Active Ratio

Single Family Houses


7%

Buyers Market

Single Family Townhouses


13%

Balanced Market

Single Family Condos


8%

Buyers Market

HPI Benchmark Price (Average Price)

Houses

$1,652,913

-1.8%
Lower Than Last Month
November 2024
4.4%
Higher Than Last Year
December 2023

Townhomes

$875,297

2.4%
Higher Than Last Month
November 2024
3.6%
Higher Than Last Year
December 2023

Condominiums

$539,217

3.5%
Higher Than Last Month
November 2024
1.8%
Higher Than Last Year
December 2023

Market Share

This Month

31.6%
Single Family Houses
35.7%
Single Family Townhouses
32.7%
Single Family Condos

Last Month

33.0%
Single Family Houses
30.7%
Single Family Townhouses
36.3%
Single Family Condos

Last 12 Months

35.6%
Single Family Houses
29.1%
Single Family Townhouses
35.3%
Single Family Condos

Single Family Houses

5 Year Trend

Market Status

Buyers Market

Surrey is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
7%

Buyer's Market

Balanced Market

Seller's Market

7%

Of Single Family 
House Listings Sold
IN PAST 30 DAYS

1,237

Active Single Family 
House Listings
IN PAST 30 DAYS

83

Single Family 
House Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

-2%

Lower Than
Last Month
November 2024

4%

Higher Than
Last Year
December 2023

Summary of Sales Volume Change

-42%

Lower Than
Last Month
November 2024

-28%

Lower Than
Last Year
December 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Townhomes

5 Year Trend

Market Status

Balanced Market

Surrey is currently a Balanced Market. This means that between 12% and 20% of listings are sold within 30 days. There may not be an advantage either way when negotiating prices.
13%

Buyer's Market

Balanced Market

Seller's Market

13%

Of Single Family 
Townhouse Listings Sold
IN PAST 30 DAYS

733

Active Single Family 
Townhouse Listings
IN PAST 30 DAYS

94

Single Family 
Townhouse Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

2%

Higher Than
Last Month
November 2024

4%

Higher Than
Last Year
December 2023

Summary of Sales Volume Change

-29%

Lower Than
Last Month
November 2024

-1%

Lower Than
Last Year
December 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Condos

5 Year Trend

Market Status

Buyers Market

Surrey is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
8%

Buyer's Market

Balanced Market

Seller's Market

8%

Of Single Family 
Condo Listings Sold
IN PAST 30 DAYS

1,019

Active Single Family 
Condo Listings
IN PAST 30 DAYS

86

Single Family 
Condo Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

3%

Higher Than
Last Month
November 2024

2%

Higher Than
Last Year
December 2023

Summary of Sales Volume Change

-45%

Lower Than
Last Month
November 2024

-25%

Lower Than
Last Year
December 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

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