SURREY CENTRAL/NORTH DELTA RESALE MARKET SUMMARY

MLS Resale Highlights

Total listings increased by 84 while resales decreased 251 when compared to the First Quarter of 2022

The months of supply for resales in the Townhouse market has increased from 1.8 months to 3.3 months when compared to the same quarter last year

The months of supply for resales for High Rise and Low Rise product has increased by 1.9 and 4.6 months, respectively, when compared to the First Quarter of 2022

The per square foot sales value has decreased for High Rise, Low Rise, and Townhomes by $25, $76, and $107, respectively, when compared to four quarters ago

One bedroom High Rise and Low Rise units saw a decrease in average price per square foot on sold units by $25 and $73 over the year

The average two and three bedroom Townhome unit have seen price decreases of $156,988 and $170,384, respectively, compared to the same period last year