surrey
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
20 % UP
-
46 %
30 % DOWN
99 % UP
The 874 detached listings in Surrey in January were up 1.6% month-over-month but 30% lower year-over-year. January’s detached sales (402 homes) were 25% below December but 99% higher vs last year. The sales-to-listings ratio decreased in January, to 46%, as Surrey’s detached market remained in sell- er’s market territory. At $1.20M, the benchmark price for detached homes was 2% above December and 14% higher vs January 2020. The average sold price of $1.42M was 7% higher month-over-month and 20% above January of last year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 860 534 62%
% Change
No.
% Change
TOTAL LISTINGS
874 402 46%
1.6% -25% -26%
1,252
-30% 99% 185%
TOTAL SALES
202 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,198,900 $1,174,000 $1,415,393 $1,321,978
2% $1,053,000 7% $1,174,919
14% 20%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.20
$1.16
$1.13
$1.11
$1.09
$1.08
$1.05
1.99
1.97
1.88
1,741
1,708
1.49
1,460
1.48
1,388
1.45
1,386
1,252
874
557
502
467
335
202
146
402
Jan-20
Dec-20
Jan-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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