surrey TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.6% VS 2023
▲ 57% VS 2023
▼ 0.9% VS 2023
▼ 18% VS 2023
There were 881 townhome listings in Surrey in August, 1.8% below July and 57% higher than August 2023. August townhome sales decreased by 16% month-over-month, to 154, and were 18% below August 2023. The sales-to-listing ratio for townhomes in Surrey, at 17%, reflected a balanced market. The townhome median price in August was $838,750, a 1.0% decrease from July and 0.9% below August 2023. The average sold price was $867,137, 0.9% below last month; the average PSF sale price was $546, down 1.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 188 560
% Change
No. 184 897
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
154 881
-1.5% 0.6% -0.9% -48% -18% 57%
-1.2% -0.9% -1% -15% -16% -1.8%
$546 $867,137 $838,750 17%
$554 $861,850 $846,500 34%
$552 $875,386 $847,450 21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
881
897
766
829
679
604
571
521
560
583
565
449
425
219
209
184
171
188
124
210
154
192
165
129
115
114
$890K
$886K
$880K
$868K
$857K
$847K
$850K
$845K
$847K
$833K
$840K
$840K
$839K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
33
4+ bdrms
400
287
300
84
3 bdrms
445
200
33%
30%
24%
36
2 bdrms
16%
100
144
11% 13%
0
1
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
5
S-L RATIO SALES INVENTORY
23 7 30%
203 49 24%
452 73 16%
144 16 11%
47 6 13%
9 3 33%
3 0 n/a
Copyright © 2024 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 September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 45 ●
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