charliesangelsperth Surrey Home Prices Remain Resilient — Mortgage Sandbox
Surrey Home Prices Remain Resilient

Surrey Home Prices Remain Resilient

HIGHLIGHTS

  • Surrey house prices have dropped close to $50k since peaking in 2018 and the benchmark house price dropped below $1 million. Surrey house prices recovered a over the past few months but with house prices dropping in other parts of the lower mainland this surge is likely short-lived.
  • Surrey condo prices are also down since their peak in 2018.
  • There has been an increase in Surrey home purchases this Spring however it is still slower than prior years and there are many homes for sale.
  • As we enter the Summer months, some sellers will likely accept price concessions rather than wait to re-list next Spring.
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Surrey

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