King George Corridor, Surrey Market Report – August 2023

King George Corridor is a major arterial neighbourhood stretching along the King George Boulevard spine in south Surrey, BC, linking Whalley in the north to White Rock in the south. The corridor is home to a diverse mix of real estate, including high-rise condos near the King George SkyTrain station, mid-rise apartment buildings, townhouse developments, and established detached homes as you move south. This transit-rich strip offers buyers a range of entry points into the Surrey market at varying price points. Key amenities including shopping centres, medical offices, community services, and parks are distributed along its length. The King George SkyTrain station anchors the northern end with direct Expo Line service to New Westminster, Burnaby, and downtown Vancouver. The corridor continues to attract investment and redevelopment activity, making it a strategically important real estate zone in South Surrey's evolving urban fabric.

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34
Units Sold
$921,035
Avg Sold Price
21d
Avg Days on Market
Buyer's Market
Market Condition
1,040 active at start of month 59 new listings Absorption rate: 3.3% Highest sold: $2,310,000 Lowest sold: $380,000

How Does August 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2023 (this report) 34 $921,035 21d
July 2023 month prior 30 +13.3% $1,014,697 -9.2% 16d +31.3%
August 2022 year ago 28 +21.4% $841,971 +9.4%

3-Year Price Trend — King George Corridor, Surrey

The King George Corridor, Surrey real estate market was a Buyer's Market in August 2023, with 1,040 active listings at the start of the month, 34 properties sold, an average sold price of $921,035, properties averaging 21 days on market, an absorption rate of 3.3%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your King George Corridor, Surrey specialist
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Frequently Asked Questions — King George Corridor, Surrey August 2023

In August 2023, the King George Corridor, Surrey real estate market is classified as a Buyer's Market with an absorption rate of 3.3%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/04/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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