North Surrey Blog, March 4, 2011

Hi, I'm Chris at Chris Whitehead and Associates.  Welcome to NorthSurreyHomes.info.  Here are your

February 2011 month end stats.  There are currently 417 North Surrey homes on the market. In the month of February there were 28 expired listings and 47 sales.  At the current absorption rate, this indicates that there are 8.87 months of inventory. The Fraser Valley Real Estate Board stats for the month end of  Feb. 2011 shows that that there were 1275 sales.  This is up from the 1205 sales that occurred in February 2010 and up from from the 826 sales that occured in Jan. of  2011. There were 3037 new listings in the month of Feb.2011.  This was also is up from the 2879 new listings that came up on the market in Feb. 2010 and up from the 2638 new listings that came up on the market in Jan. 2011. This shows that inventory is increasing slightly, sales are up significantly and that it is a good spring market.  It's a great time to buy or sell.  North Surrey is going through a big transition with Surrey Central poising itself to be the largest city in the province within the next 10 years.  I am Chris of Chris Whitehead and Associates with Macdonald Realty.  If you have any questions regarding North Surrey homes or Real Estate in general, please feel free to call  at 604-590-2444 or check us out on the web at http://www.northsurreyhomes.info/.  Remember, you need a good realtor.  I am Chris at Chris Whitehead and Associates.  Have a great week!