The Surrey Real Estate Market Reports with Team Claude
Surrey Real Estate Market Reports and Forecasts
Apr 1 2012 West Surrey Market Update (Detached)
East Newton, West Newton, Cedar Hills, Bear Creek Green Timbers, Queen Mary Park Surrey and all the sub-areas of West Surrey Real Estate Market Update Report.
Apr 1 2012 "Interview with Claude Choiselat on Market Conditions"
Today East Vancouver, North Vancouver and Coquitlam are demonstrating a strong sellers' market (21+ %SOLD rates) while other Vancouver markets are in stable market conditions. Most of the upper Fraser Valley including White Rock and Maple Ridge are in a buyers market.
Current: West Surrey is a buyer's market with sizable listing inventory, a 14 %SOLD rate and a 97% Sell/List Ratio. (This means that there is an average of a $13,000 sales discount from the original list price)
Most Active Range: Homes between $400,000 and $500,000 have 23.1 %SOLD rate pushing prices up. Home sales have average discounts of only $11,000 and 15 days on the market.
Least Active Range: Homes above $800,000 have 3.3 %SOLD rate with average discounts of $48,000.
History: The Home Price Index* (RMR HPI) shows that average Surrey homes had a minimal price increase of 1% from Jan- July 2011. This $6,858 increase brought the HPI* to $470,299. Year-To-Date the Home Price Index * has increased $36,146.
Future: March's total listings Inventory is 179 less for the same period last year. The new listings exceeded the sales 132 last month meaning that we could see listing levels increase to more of an oversupply level and turn this market into a stronger buyer's market.
We thank Team Claude for their support of these West Surrey Real Estate Market Updates which include sub-areas such as Bear Creek Green Timbers, Queen Mary Park Surrey, East Newton, West Newton, Cedar Hills etc. Contact Claude as the Local Expert..... more details.
Download the full West.Surrey.Marketupdatereport.PDF
This West Surrey Real Estate Market update includes the sub areas Cedar Hills, Queen Mary Park Surrey, Bear Creek Green Timbers, East Newton, West Newton etc.
Click Image to compare previous STR/ MTI graphs
Trying to do the math? Lessons: STR MTI