charliesangelsperth Fall Time Buyer Interest Beats 2018 in Surrey — Mortgage Sandbox
Fall Time Buyer Interest Beats 2018 in Surrey

Fall Time Buyer Interest Beats 2018 in Surrey

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 was 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 Fall months, some sellers will likely accept price concessions rather than wait to re-list next Spring.
Surrey.JPG

Surrey

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