the rennie review | September 2023

surey TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 34% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2022

▲ 5% VS 2022

▼ 19% VS 2022

▲ 13% VS 2022

Therewere560townhom elistingsin Sur eyin August, 4% aboveJulyand 19% lowerthan August2022. Augusttownhom esalesdecreased by13% m onth-over-m onth,to189,and were13% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin Sur ey,at 34% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$845,000,a 3% decreasefrom Julyand 5% aboveAugust2022. Theaveragesold pricewas$861,184,3% below last m onth;theaveragePSF salepricewas$554,down 1.2% tolastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 24% 167 695

% Change

No. 40% 217 540

% Change

TOTALLISTINGS TOTALSALES

34% 189 560

40% 13% -19%

-1.2% -3% -3% -16% -13% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$554 $861,184 $845,000

$561 $886,340 $870,000

$522 $838,245 $805,000

6% 3% 5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

695

692

570

540

621

560

506

428

51

466

428

415

404

281

222

248

145

189

218

217

167

121

140

131

92

80

$863K $865K $883K $870K $845K

$805K $820K $795K $825K $789K $788K

$792K $830K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

300

52

250

4+ bdrms

173

200

88

3 bdrms

150

273

47%

43%

32% 30%

100

30%

49

21%

2 bdrms

112

11%

50

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

2

S-L RATIO SALES INVENTORY

10 3 30%

15 7 47%

138 60 43%

278 88 32%

80 24 30%

29 6 21%

9 1 11%

1 0 n/a

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