the rennie review - June 2022

surey TOWNHOME-MAY 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 22% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 22% VS 2021

▲ 20% VS 2021

▲ 49% VS 2021

▼ 55% VS 2021

Therewere775 townhom elistingsin Sur eyin M ay,12% aboveApriland 49% higherthan M ay2021. M aytownhom esalesdecreased by11% m onth-over-m onth,to203,and were55% below M ay 2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 26% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$880,000,a6% decreasefrom Apriland 20% aboveM ay2021. Theaveragesold pricewas$905,641,6% below last m onth;theaveragePSF salepricewas$578,down 5% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 86% 448 519

% Change

No. 33% 228 690

% Change

TOTALLISTINGS TOTALSALES

26% 203 775

22% 22% 20% -70% -55% 49%

-21% -11% 12%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$578 $905,641 $880,000

$609 $964,800 $940,000

-5% -6% -6%

$474 $740,694 $731,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2021 ● MAY 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

775

690

597

519 448

427

412

389

459

312 303

307

267

359

255

203

295 302

266

265

249

233

228 203

184

139

$970K $999K $965K

$940K $880K

$840K $880K

$735K $740K $785K $799K

$731K $730K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

400

44

4+ bdrms

247

300

112

58%

3 bdrms

200

383

50%

37%

47

26%

100

2 bdrms

18% 19%

144

0

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

<2 bdrms

S-L RATIO SALES INVENTORY

11 0 n/a

12 7 58%

136 50 37%

391 103 26%

165 29 18%

52 10 19%

8 4 50%

1

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