Current: East Surrey is in a Seller Market with 21 %SOLD rate, 15 DOM and 98% Sell/List Ratio.
(This means that there is an average (m) of a $28,000 discount from the original list price)
Most Active Range: Homes between $900,000 - $1.0 mill. have 39.6 % SOLD rate.
Least Active Range: Homes above $1.7 mill. have 6.1 %SOLD rate.
History: The Surrey East Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $17,525.
The Surrey East Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $6,471.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: East Surrey has an average Listing Supply; 374 homes are for sale and with the 21 %SOLD monthly rate gives us ~5 months of inventory. 10% of the active listings have reduced their price by $43,826 on average or $39,888 on median in the last month. We project East Surrey to be a continued Seller market.
July's Real Estate Statistics shows that 90% of Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Prices increased $5,804 which is the highest we've seen since for this time of year. On the other hand, July's Real Estate Statistics shows that All Fraser Valley Detached Markets went up this month. Overall, Single Family Homes had a $3,739 monthly price increase. We saw more sales last month and are now seeing an increase in new listings. Thus, we are forecasting that Metro Vancouver Markets will stabilize this coming month.
Currently, Condos are in a Seller Market with 90% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,443. At the same time, the Townhouse Markets increased $1,875. That is 83% increased (23 out of 28 Markets). We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.