the rennie review - May 2023

surey TOWNHOME-APRIL 2023

SALES TO LISTINGSRATIO 53% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 8% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 9% VS 2022

▼ 8% VS 2022

▼ 40% VS 2022

▼ 4% VS 2022

Therewere415 townhom elistingsin Sur eyin April,3% aboveM arch and 40% lowerthan April2022. Apriltownhom esalesdecreased by1.8% m onth-over-m onth,to218,and were4% below April 2022. Thesales-to-listing ratio fortow nhom esin Sur ey,at 53% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$862,500,a4% increasefrom M arch and 8% below April2022. Theaveragesold pricewas$877,891,3% abovelast m onth;theaveragePSF salepricewas$559,up 5% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 33% 227 690

% Change

No. 55% 222 404

% Change

TOTALLISTINGS TOTALSALES

53% 218 415

-8% -9% -8% 60% -4% -40%

5% 3% 4% -4% -1.8% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$559 $877,891 $862,500

$532 $849,156 $830,000

$609 $963,896 $940,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

692

781

690

695

570

621

428

466

415

428

404 222

228

218

227

167

218

145

121

138

140

131

92

80

$940K

$885K $870K

$853K $805K $820K $795K $825K $789K $788K $792K

$830K $863K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

200

60

4+ bdrms

133

150

103

59%

58%

3 bdrms

52% 51%

202

100

43%

36%

55

25%

2 bdrms

50

78

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

2

S-L RATIO SALES INVENTORY

11 4 36%

14 6 43%

97 57 59%

205 106 52%

72 37 51%

12 7 58%

4 1 25%

Copyright© May4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMay4,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 42 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online