surrey TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 21% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 66% VS 2023
▼ 1.2% VS 2023
▼ 2% VS 2023
▼ 15% VS 2023
There were 896 townhome listings in Surrey in July, 8% above June and 66% higher than July 2023. July townhome sales decreased by 4% month-over-month, to 185, and were 15% below July 2023. The sales-to-listing ratio for townhomes in Surrey, at 21%, reflected a balanced market. The townhome median price in July was $849,900, a 0.6% increase from June and 2% below July 2023. The average sold price was $875,627, 0.4% below last month; the average PSF sale price was $552, down 0.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 217 540
% Change
No. 192 829
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
185 896
-1.6% -1.2% -2% -49% -15% 66%
-0.6% -0.4% 0.6% -11% -4% 8%
$552 $875,627 $849,900 21%
$561 $886,340 $870,000 40%
$555 $878,977 $845,000 23%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
896
766
829
679
604
571
521
540
583
565
560
449
425
219
209
171
217
185
124
211
192
188
166
129
115
114
$890K
$886K
$880K
$870K
$868K
$857K
$847K
$850K
$845K
$850K
$833K
$840K
$840K
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
44
400
4+ bdrms
282
300
102
3 bdrms
50%
449
200
29%
39
19%
19%
2 bdrms
100
14% 16%
159
10%
0
<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+
6
S-L RATIO SALES INVENTORY
27 5 19%
218 64 29%
440 85 19%
149 21 14%
50 8 16%
10 1 10%
2 1 50%
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 August 6, 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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