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Surrey Real Estate Prices Drop $50,000

Home valuations in Surrey, BC dropped by $50,000 in October 2023 compared to September.

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty dives deep into the Fraser Valley Real Estate Board's October 2023 stats to provide an overview of sales, new listings, active listings, benchmark price, median price and average price for each asset price in the Fraser Valley Real Estate Market. As with every Surrey Report, the team also breaks down the October 2023 benchmark stats for the City of Surrey.

Link to full stats package: https://www.fvreb.bc.ca/statistics/Package202310.pdf

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

Detached = $1,646,400 (+4.2%)
Townhomes = $876,300 (+6.2%)
Condos = $535,100 (+2.0%)

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