surrey
CONDO AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.9 % UP
9 % UP
36 % UP
SELLER’S 25 %
Condo listings in Surrey increased to 840 in August, 4% above July and 9% higher vs August 2019. Condo sales, at 207, were up 1.0% month-over- month and 36% higher year-over-year. The sales-to-listings ratio remained at 25%, reflect- ing seller’s market conditions in Surrey. August’s condo benchmark price of $403,000 was 0.3% below July but 5% higher vs August 2019. The average sold price was $408,956 at an average PSF sales price of $526 (down 4% and up 2%, respectively, from July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 806 205 25%
% Change
No. 770 152 20%
% Change
TOTAL LISTINGS
840 207 25%
4%
9%
TOTAL SALES
1.0%
36% 25%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-3%
$403,000 $404,400 $408,956 $427,337
-0.3% $385,400 -4% $405,241
5%
0.9%
$526
$514
2%
$491
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$405,700 $400,500 $403,000
$385,400 $386,300 $384,200 $394,800
840
770
746
745
609
557
477
207
207
179
169
169
152
70
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
BUYER'S MARKET
3+ bdrms
45
114
2 bdrms
528
89
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
267
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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