surrey TOWNHOME - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2023
▲ 9% VS 2023
▲ 5% VS 2023
▲ 40% VS 2023
There were 449 townhome listings in Surrey in January, 6% above December and 5% higher than January 2023. January townhome sales increased by 12% month-over-month, to 129, and were 40% above January 2023. The sales-to-listing ratio for townhomes in Surrey, at 29%, reflected a sellers' market. The townhome median price in January was $856,900, a 2% increase from December and 9% above January 2023. The average sold price was $871,863, 4% above last month; the average PSF sale price was $545, up 0.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 115 425
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
129 449
$503 $805,652 $787,500 21% 92 428
34% 40% 5%
0% 4% 2% 6% 12% 6%
$545 $871,863 $856,900 29%
$545 $838,345 $840,000 27%
8% 8% 9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
571
540
604
583
506
560
511
428
449
428
425
415
404
281
222
248
171
218
217
124
189
129
140
92
115
114
$883K
$870K
$863K
$865K
$857K
$850K
$845K
$840K
$840K
$830K
$833K
$792K
$788K
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
36
200
4+ bdrms
152
150
60
3 bdrms
221
100
35%
31%
27% 29%
33
24%
2 bdrms
50
16%
74
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 3 27%
14 4 29%
88 31 35%
218 67 31%
80 19 24%
31 5 16%
7 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 February 7, 2024. 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. 45 ●
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