The Surrey Real Estate Market By Property Type

In this month's Surrey Report, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty compares the current benchmark price for each asset class (detached, townhomes and condos) across the various regions and neighbourhoods of Surrey BC. As with every Surrey Report, the team also breaks down the October 2022 benchmark stats for the City of Surrey.

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Benchmark Prices: (Surrey Combined) (+/- yoy):

🏠 Detached = $1,584,100 (+.2.2%)
🏘 Townhomes = $828,100 (+5.5%)
🌆 Condos = $527,700 (+11.2%)

#SurreyRealtor #SurreyRealEstate #SurreyRealEstatePrices

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

[dillyp]

The HP(lie) says house prices are down only 350k when clearly they are actually down more than 500k from the peak. the average price is the only one that accurately shows that.

[marcocho]

Didn’t they say Fraser valley dropp the most in value?

[RageandSig]

Where does one acquire a "Karrasch Real Properties Team" golf shirt?

[ldars]

I was watching the detached active listings for Surrey and Langley. I noticed in November were listed several houses way below the HPI or Average values presented in your slides. I have a feeling that November 2022 will be a decline comparing with the September and October for these markets.

[MrKanimator]

We keep hearing that we do not have enough supply for demand, and I do not dispute this. However, we should see this correlation in some data, it should be pretty apparent considering the price increase. ie, if this is true, we should see a big old gap between the two. A delta between the two, that coincides with the boom in prices in the last 10 years. Would love to see a graph of total population, over total housing, starting from 2000 or earlier.

[prateekgupta]

Hi
Can I buy property on work permit? Please help

[Napatreez]

Daddy I'm going to win the lottery soon and then we're going to put in an offer on that house in West Vancouver!