Average Price, Median Price and Home Price Index (HPI), all provide a different picture of what is happening in the real estate market. In July 2023, the average detached home price in Surrey shows a shocking drop of -$100,000, but is that an accurate picture? What do we make of all of this?! Have real estate prices really plummeted within only 30 days?

In this month’s Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the July 2023 stats for the City of Surrey and offers his insight into what he is currently seeing in the market. As with every Surrey Report, the team also breaks down the July 2023 benchmark stats for the City of Surrey.- - - Benchmark Prices: (Surrey Combined) (+/- yoy):🏠 Detached = $1,683,300 (-2.6%)🏘 Townhomes = $893,000 (+1.3%)🌆 Condos = $553,300 (+2.9%)#SurreyRealtor #SurreyRealEstate #SurreyRealEstatePrices- - - 🗓 Book time with Steve: https://calendly.com/stevekarrasch💾 DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9Are you a REALTOR®? Want to learn how to level up your business?🎥 Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate *** https://videocourselogin.com/ ***💵 DISCOUNT CODE: Steve10 💵🎙 Subscribe To The Tom Storey Show Podcast with Steve and Tom: YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNgSpotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbdApple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474*** Start Your Mortgage Application Today*** CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/homeINVESTORS! Download Lendlord for *FREE* to manage and analyze your properties: https://www.lendlord.io/krpMy Video Gear:Microphone: https://amzn.to/3mim9u5Interview Microphones: https://amzn.to/3nzryhxStudio Lights: https://amzn.to/3r8uLoYRing Light: https://amzn.to/3ACAIPgMobile Light: https://amzn.to/337evN9Wall Mount Boom: https://amzn.to/3fjtaHqTeleprompter: https://amzn.to/3YLDGvGTeleprompter Screen: https://amzn.to/3qef54mPower Supply: https://amzn.to/3qYpe4oUSBC Hub: https://amzn.to/3r2ACw1If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities. 📱 call or text: 604-549-5828📧 email: [email protected]💻 website: https://www.krproperties.ca/⭐️ reviews: https://tinyurl.com/y3jn689x🟣 Instagram: https://www.instagram.com/karrasch_real_properties/🔵 Facebook: https://www.facebook.com/KarraschRealProperties🏠 listings: https://www.krproperties.ca/properties🔍 search for properties: https://www.krproperties.ca/neighbourhoodsThe 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.