SURREY CENTRAL/NORTH DELTA RESALE MARKET SUMMARY

MLS Resale Highlights

Total listings and resales increased by 115 and 72, respectively, when compared to the Fourth Quarter of 2022

The months of supply for resales in the Townhouse market has decreased from 5.0 months to 4.4 months when compared to the same quarter last year

The months of supply for resales for High Rise product decreased by 0.9 months while it increased by 1.3 months for Low Rise product when compared to the Fourth Quarter of 2022

The per square foot sales value has increased for High Rise and Low Rise units by $2 and $39, respectively, while Townhomes decreased by $2 when compared to four quarters ago

One bedroom High Rise and Low Rise units saw an increase in average price per square foot on sold units by $7 and $13, respectively, over the year

The average two bedroom and three bedroom Townhome saw an average price increase of $53,500 and $4,498, respectively, when compared to the same period last year