The Truth About the Market You’re Not Being Told

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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 December 2024 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 December 2024 benchmark stats for the City of Surrey.
Benchmark Prices: (Surrey Combined) (+/- yoy):
🏠 Detached = $1,605,800 (+0.7%)
🏘 Townhomes = $853,800 (+0.3%)
🌆 Condos = $524,800 (-0.6%)
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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.

[@pkiskool]

Canadians need to drop the idea that real estate will consistently get you a positive return in double digits. There should be no expectation greater than getting something similar to something off mutual funds at most - anything crazy high is abnormality.

[@georgeleduc8147]

Appreciate your expertise

[@Kooshawl]

Great followup video

[@DummMoney-rr1fi]

Steve is the GOAT

[@joseopao]

Thanks for the update Steve. Good news is my BC assessment is down 2% so that saves a little on my property taxes lol

[@SteveKarrasch]

I wish it worked that way.

[@Bigjohn928]

The knife is falling let see who wants to catch it!

[@peterhumphrys]

Outside GTA up in the Kawartha lakes i am seeing multiple price cuts before properties sell

[@tonykalsek5310]

Would you say this is the time to move up in the asset classes ? Or maybe a future video about this.

[@SteveKarrasch]

Its actually a great time to move down. Detached doing okay, condos struggling.

[@guinto7609]

I have my own realtor, but doesnt give videos like yours. I might end up using you, i know you dont me but ive been watching you for a full year. I feel like i know you but you dont know me hahaha

[@ReSpEcT32123]

Hands down creepiest youtube comment I've read this year

[@SteveKarrasch]

The year is young!