surey CONDO -JUNE 202
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 29% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 17% VS 2021
▲ 18% VS 2021
▲ 9% VS 2021
▼ 28% VS 2021
Therewere618 condolistingsin Sur eyin June,-0.6% below M ayand 9% higherthan June2021.
Junecondo salesdecreased by5% m onth-over-m onth,to 210,and were28% below June2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 52% 292 566
% Change
No. 36% 221 622
% Change
Thesales-to-listing ratio forcondosin Sur ey,at34%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
34% 210 618
29% 17% 18% -34% -28% 9%
3% 1.3% -0.7% -4% -5% -0.6%
Thecondom edian pricein Junewas$541,000,a0.7% decreasefrom M ayand 18% aboveJune2021. Theaveragesold pricewas$549,437,1.3% abovelast m onth;theaveragePSF salepricewas$729,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$729 $549,437 $541,000
$706 $542,382 $545,000
$564 $470,161 $459,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2021 ● JUN 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
618
551
622
566
437
436
495
466
368
336
377
377
293
287
288
292
301
216
274
265
257
254
210
221
201 217
$562K $575K $570K $590K
$545K $541K
$500K $527K
$459K $454K $465K $470K $475K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
350
300
4+ bdrms
250
200
8
3 bdrms
34
150
42%
32%
30%
100
108
23%
2 bdrms
353
50
0
94
<$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
41 13 32%
324 137 42%
230 54 23%
20 6 30%
3 0 n/a
231
Copyright© July5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJuly5,202 .Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 43 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online