surrey
TOWNHOME AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
13 % DOWN
75 % UP
SELLER’S 40 %
At 793, the number of townhome listings in Surrey were 2% lower month-over-month and 13% below this time last year. Townhome sales, at 321, were up 4% vs July and 75% above last August. The sales-to-listings ratio for townhome product in Surrey increased to 40% in August, reflecting seller’s market conditions. The benchmark price in August was $586,700, rela- tively unchanged month-over-month and 3% above August of last year. The average sold price was $636,913 (3% above July), while the average PSF sales price was $396 (1.2% below July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 809 310 38%
% Change
No. 911 183 20%
% Change
TOTAL LISTINGS
793 321 40%
-2%
-13% 75% 102%
TOTAL SALES
4% 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$586,700 $586,500 $636,913 $617,953
0.0% $567,800 3% $586,644 -1.2% $386
3% 9% 3%
$396
$401
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$567,800 $562,800 $557,600 $564,000 $575,500 $583,600 $586,700
911
829
793
768
656
633
535
321
267
245
204
183
169
118
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
78
4+ bdrms
BUYER'S MARKET
213
179
3 bdrms
428
64
<3 bdrms
. . . . 0 0 0 0 QD QD QD
152
S-L RATIO SALES INVENTORY
Copyright © 2020 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 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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