The Fraser Valley Real Estate Market Reports
Index  Abbotsford,  Mission  Chilliwack, Langley,  Surrey,  White Rock,    East vrs West,
Vancouver,  Richmond,  East Van,  West Van, North Van, Burnaby,  Coquitlam,  Maple Ridge

  East Surrey   

Jan 1 2012 East Surrey Real Estate Market Update Report.

Current:  East Surrey  is a buyers market with record listing inventories,  a 12 %SOLD rate and a 96% Sell/List Ratio.  (This means that there is an average of a $20,000 sales discount from the original list price)

        Most Active Price Range: Homes below $500,000 and have 18.4%SOLD rate keeping prices stable. 
               Home sales have averaged discounts of $15,450 and 23 days on the market.

       Least Active Price Range: Homes between $1-1.5 million have 4.8%SOLD ratenm(meaning 5 sales for 100 listings/ month) .  Home sales have averaged discounts of $126,000 and 97 days on the market.

Click Image to compare previous STR/ MTI graphs

Index  Abbotsford,  Mission  Chilliwack, Langley,  Surrey,  White Rock,    East vrs West  
Vancouver,  Richmond,  East Van,  North Van, Burnaby,  Coquitlam,  Maple Ridge

Real Estate Market Analysis Reports
    E. Surrey, W. Surrey, N. Delta

Market Trend Index:  Mar 28 2011

If you sell more than you list for a given month then soon you will run out of listings and have more demand than supply thus forcing prices up.

Stability ratios based on a 6 year study from 2005 to 2010 show that we need about 65% sales-to-new-listing/month ratio to stabilize the market

In the Surrey area for the outlined search criteria we had a very low MTI ratio in January thus indicating a poor February market. Now finally we are seeing the effect of the hot sell-through activity in Richmond finally spill over.

Our 55% MTI which is in the 49-63% range we need to stabilize the market.  This market is warming up and indicators are it will just now be moving into positive territory..

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