SOUTH SURREY/WHITE ROCK RESALE MARKET SUMMARY

MLS Resale Highlights

When compared to the same quarter last year, the total number of listings have increased by 36 while resales have decreased by 140

The months of supply for resales for High Rise, Low Rise, and Townhome product has increased by 6.4, 0.7, and 1.7 months, respectively, when compared to the Fourth Quarter of 2021

Average per square foot sale values for High Rise units increased by $33 while Low Rise units decreased by $32 when compared to the Fourth Quarter of 2021

High Rise and Low Rise products have seen an increase in average days spent on the market, averaging 64 and 30 more days on the market when compared to the Fourth Quarter of 2021

One bedroom Low Rise units saw an increase in average price per square foot on sold units by $44 while two bedroom Low Rise units decreased by $53 over the past year

Two and three bedroom Townhome product saw a decrease in average sales price of $66,774 and $45,256, respectively, compared to the same quarter last year