surrey
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 2 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % UP
26 % UP
32 % UP
SELLER’S 29 %
Condo listings in Surrey decreased to 625 in January, 0.8% below December but 26% higher vs January 2020. Condo sales, at 181, were down 22% month-over- month but 32% higher year-over-year. The sales-to-listings ratio decreased to 29%, reflect- ing seller’s market conditions in Surrey. January’s condo benchmark price of $403,400 rela- tively unchanged from December and 4% higher vs January 2020. The average sold price was $424,564 at an average PSF sales price of $525 (relatively unchanged and 0.9% lower, respectively, from December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 630 231 37%
% Change
No. 497 137 28%
% Change
TOTAL LISTINGS
625 181 29%
-0.8% -22% -21%
26% 32%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
5% 4% 6% 2%
$403,400 $403,600 $424,564 $424,394
0.0% $388,300 0.0% $398,709 -0.9% $514
$525
$530
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$388,300 $402,400 $399,200 $404,400 $401,800 $402,000 $403,400
937
870
832
673
625
605
497
220
205
201
181
174
137
82
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
BUYER'S MARKET
3+ bdrms
47
120
2 bdrms
388
58
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
190
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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