surrey
TOWNHOME - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % UP
7 % UP
30 % DOWN
89 % UP
SELLER’S 85 %
At 374, the number of townhome listings in Surrey were 43% lower month-over-month and 30% below this time last year.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
Townhome sales, at 319, were down 5% vs November but 89% above last December.
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
The sales-to-listings ratio for townhome product in Surrey rose to 85% in December, reflecting seller’s market conditions. The benchmark price in December was $597,000, 1.0% higher month-over-month but 7% above December of last year. The average sold price was $635,521 (0.7% below November), while the average PSF sales price was $406 (1.8% above November).
No. 655 335 51%
% Change
No. 535 169 32%
% Change
TOTAL LISTINGS
374 319 85%
-43% -5% 67%
-30% 89% 170%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$597,000 $591,300 $635,521 $639,946
1.0% $557,600 -0.7% $589,331
7% 8% 8%
$406
$399
1.8%
$376
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$592,300 $597,000
$557,600 $564,000 $575,500 $583,600 $586,700
834
813
768
656
633
535
374
367
320
267
204
169
118
319
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
94
4+ bdrms
BUYER'S MARKET
101
165
3 bdrms
195
60
<3 bdrms
. . . . 0 0 0 0 QD QD QD
78
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 January 6, 2021. 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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