surrey
CONDO - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
25 % UP
37 % UP
SELLER’S 39 %
Condo listings in Surrey decreased to 596 in December, 30% below November but 25% higher vs December 2019. Condo sales, at 231, were up 15% month-over- month and 37% higher year-over-year. The sales-to-listings ratio increased to 39%, reflect- ing seller’s market conditions in Surrey. December’s condo benchmark price of $403,600 was 0.4% above November and 5% higher vs December 2019. The average sold price was $424,394 at an average PSF sales price of $530 (up 2% and 5%, respectively, from November).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 855 201 24%
% Change
No. 477 169 35%
% Change
TOTAL LISTINGS
596 231 39%
-30% 15% 65%
25% 37%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9% 5% 7% 6%
$403,600 $402,000 $424,394 $414,597
0.4% $384,200 2% $397,695
$530
$506
5%
$499
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$405,700 $400,500 $403,000 $400,700 $403,600
$384,200 $394,800
922
897
746
596
610
558
477
240
231
207
179
169
169
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
10
BUYER'S MARKET
3+ bdrms
36
138
2 bdrms
407
83
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
153
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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