SURREY CENTRAL/NORTH DELTA RESALE MARKET SUMMARY

MLS Resale Highlights

Total listings increased by 188 while resales decreased 423 when compared to the Fourth Quarter of 2021

The months of supply for resales in the Townhouse market has increased from 0.2 months to 5.0 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 5.0 and 4.3 months, respectively, when compared to the Fourth Quarter of 2021

The per square foot sales value has increased for High Rise and Low Rise units by $83 and $21, respectively, while Townhomes decreased by $13 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 $48 and $46 over the year

The average two and three bedroom Townhome unit have seen price decreases of $52,171 and $2,290, respectively, compared to the same period last year