the rennie review - July 2022

surey TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 21% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 17% VS 2021

▲ 19% VS 2021

▲ 76% VS 2021

▼ 39% VS 2021

Therewere810townhom elistingsin Sur eyin June,4% aboveM ayand 76% higherthan June2021. Junetownhom esalesdecreased by4% m onth-over-m onth,to219,and were39% below June 2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 27% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$870,000,a 1.7% decreasefrom M ayand 19% aboveJune2021. Theaveragesold pricewas$880,452,3% below last m onth;theaveragePSF salepricewas$571,down 1.0% tolastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 78% 359 459

% Change

No. 29% 228 781

% Change

TOTALLISTINGS TOTALSALES

27% 219 810

21% 17% 19% -65% -39% 76%

-7% -4% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$571 $880,452 $870,000

$577 $908,749 $885,000

-1% -3% -1.7%

$472 $749,329 $730,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

810

781

597

690

427

459 412

389

312 303

359

307

267

255

228

302

203

295

219

266

265

249

233

228

184

139

$970K $999K $965K $940K

$885K $870K

$840K $880K

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

$730K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

400

54

4+ bdrms

235

300

71%

100

3 bdrms

445

200

45%

37%

27%

64

24% 22%

100

2 bdrms

14%

129

0

1 1

<$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 5 45%

14 10 71%

158 59 37%

419 99 24%

153 33 22%

41 11 27%

14 2 14%

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