the rennie review - October 2022

surey TOWNHOME-SEPTEMBER 202

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 6% VS 2021

▲ 4% VS 2021

▲ 128% VS 2021

▼ 51% VS 2021

Therewere691townhom elistingsin Sur eyin Septem ber,0.6% below Augustand 128% higherthan Septem ber2021. Septem bertownhom esalesdecreased by22% m onth-over-m onth,to 131,and were51% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 19% ,reflected abalanced m arket. Thetownhom em edian pricein Septem berwas $820,000,a1.9% increasefrom Augustand 4% above Septem ber2021. Theaveragesold pricewas$838,837,0.1% abovelast m onth;theaveragePSF salepricewas$527,up 0.9% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 88% 266 303

% Change

No. 24% 167 695

% Change

TOTALLISTINGS TOTALSALES

19% 131 691

-78% -51% 128%

0.9% 0.1% 1.9% -21% -22% -0.6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$527 $838,837 $820,000

$522 $838,245 $805,000

$493 $794,896 $785,000

7% 6% 4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

781

691

597

695

690

427

388

307

267

303

255

228

219

203

266

167

264

249

233

227

184

131

139

138

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

$885K $870K $853K

$840K $880K

$805K $820K

$785K $799K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

350

34

300

4+ bdrms

183

250

200

71

3 bdrms

385

150

29%

100

26

2 bdrms

19%

14% 16%

123

50

9% 8%

0

<$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

7 1 14%

25 4 16%

173 51 29%

323 61 19%

119 11 9%

36 3 8%

7 0 n/a

1 0 n/a

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