Panorama Ridge, Surrey Market Report – August 2020

Panorama Ridge is a prestigious residential neighbourhood in south Surrey, BC, known for its elevated terrain, panoramic views of the Fraser Valley, and generous lot sizes. The area is dominated by executive-style detached single-family homes, many featuring large yards and high-end finishes that attract established families and move-up buyers. Panorama Ridge offers a quieter, more rural atmosphere compared to other Surrey communities, yet remains well connected via 152nd Street and Highway 10 to shopping, schools, and transit hubs. Panorama Ridge Secondary School and several elementary schools serve the neighbourhood's strong family population. Green spaces and walking trails are abundant, reflecting the community's appreciation for an active outdoor lifestyle. The combination of spacious properties, scenic surroundings, and convenient access to both South Surrey amenities and the border crossing makes Panorama Ridge one of Surrey's most sought-after upscale residential communities.

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61
Units Sold
$1,144,366
Avg Sold Price
23d
Avg Days on Market
Strong Seller's Market
Market Condition
177 active at start of month 61 new listings Absorption rate: 34.5% Highest sold: $2,950,000 Lowest sold: $430,000

How Does August 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2020 (this report) 61 $1,144,366 23d
July 2020 month prior 36 +69.4% $998,955 +14.6% 32d -28.1%

3-Year Price Trend — Panorama Ridge, Surrey

The Panorama Ridge, Surrey real estate market was a Strong Seller's Market in August 2020, with 177 active listings at the start of the month, 61 properties sold, an average sold price of $1,144,366, properties averaging 23 days on market, an absorption rate of 34.5%. 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 Panorama Ridge, Surrey specialist
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Frequently Asked Questions — Panorama Ridge, Surrey August 2020

In August 2020, the Panorama Ridge, Surrey real estate market is classified as a Strong Seller's Market with an absorption rate of 34.5%. It is currently a strong seller's market in Panorama Ridge, Surrey, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. 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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