surey CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 62% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 15% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2020
▲ 16% VS2020
▼ 46% VS2020
▲ 39% VS2020
Therewere465condolistingsinSureyinAugust,15% belowJulyand46%lowerthanAugust2020.
Augustcondosalesincreasedby13%month-over-month, to287,andwere39%aboveAugust2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 24% 206 862
%Change
No. 46% 255 550
%Change
Thesales-to-listingratioforcondosinSurey,at62%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
62% 287 465
15% 14% 16% 158% 39% -46%
33% 13% -15%
ThecondomedianpriceinAugustwas$465,000,a2% increasefromJulyand16%aboveAugust2020. Theaveragesoldpricewas$467,944,2%abovelast month;theaveragePSFsalepricewas$604,up6%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$604 $467,944 $465,000
$571 $458,383 $455,000
6% 2% 2%
$525 $410,312 $400,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
814
862
907 873
630
603
566
550
647
523
565
465
519 328
373
384
242
232
287
334
292
206
255
220
201
181
$465K
$459K
$455K
$454K
$455K
$450K
$440K
$415K
$415K
$406K
$403K
$400K
$400K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
300
250
4+bdrms
2
75%
200
65%
14
60%
3bdrms
150
23
100
29%
149
2bdrms
258
50
0
124
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
110 83 75%
280 182 65%
65 19 29%
5 3 60%
3 0 n/a
2 0 n/a
182
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●
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