surrey
TOWNHOME JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
7 % UP
29 % DOWN
94 % UP
SELLER’S 70 %
At 415, the number of townhome listings in Surrey were 3% higher month-over-month but 29% below this time last year. Townhome sales, at 289, were down 9% vs December but 94% above last January. The sales-to-listings ratio for townhome product in Surrey decreased to 70% in January, reflecting seller’s market conditions. The benchmark price in January was $602,500, 0.9% higher month-over-month and 7% above January of last year. The average sold price was $670,091 (5% above December), while the average PSF sales price was $416 (2% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 403 319 79%
% Change
No. 588 149 25%
% Change
TOTAL LISTINGS
415 289 70%
3%
-29% 94% 175%
TOTAL SALES
-9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-12%
$602,500 $597,000 $670,091 $635,521
0.9% $561,400 5% $602,265
7%
11%
$416
$406
2%
$388
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$602,500
$561,400 $570,500 $578,600 $586,500 $591,500 $591,300
872
823
694
671
668
588
415
335
324
310
230
149
127
289
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
79
4+ bdrms
BUYER'S MARKET
89
152
3 bdrms
242
58
<3 bdrms
. . . . 0 0 0 0 QD QD
84
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
36
Made with FlippingBook - professional solution for displaying marketing and sales documents online