surey DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 31% VS2020
▲ 30% VS2020
▼ 37% VS2020
▼ 11% VS2020
Therewere1,024detachedlistingsinSureyinAugust, 15%belowJulyand37%lowerthanAugust2020. Augustdetachedhomesalesincreasedby3% month-over-month,to409,andwere11%belowAugust 2020. Thesales-to-listingratiofordetachedinSurey,at40%, reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
40% 409 1,024
28% 457 1,613
31% 30% 41% -11% -37%
33% 396 1,199
1.6% 3% 21% 3% -15%
ThedetachedmedianpriceinAugustwas$1,460,000,a 3%increasefromJulyand30%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,569,670,1.6%abovelast monthandup31%toAugust2020.
$1,545,502 $1,420,000
$1,569,670 $1,460,000
$1,202,347 $1,125,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,539
1,613
1,518
1,422
1,606
1,579
1,209
1,196
1.97
1.93
1.81
1,199
1,024
834 630
1.62
754
1.59
1.55
634
813 808
558
498
634
457
533
519
409
437 396
400
$1.46M
$1.43M
$1.42M
$1.42M $1.37M
$1.41M
$1.40M
$1.30M
$1.21M
$1.18M
$1.17M
$1.16M
$1.13M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
250
89%
77%
200
150
49%
34%
100
26%
25%
50
10%
4%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
35 12 34%
3 0 n/a
32 8 25%
61 54 89%
192 147 77%
280 136 49%
128 33 26%
107 11 10%
186 8 4%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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