surey CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 6% VS 2022
▲ 15% VS 2022
▲ 22% VS 2022
Therewere668condolistingsin Sur eyin August,2% aboveJulyand 15% higherthan August2022.
Augustcondosalesdecreased by8% m onth-over-m onth, to205,and were22% aboveAugust2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 29% 168 580
% Change
No. 34% 224 654
% Change
Thesales-to-listing ratio forcondosin Sur ey,at31%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
31% 205 668
22% 15%
0.7% 1.6% 1.4% -10% -8% 2%
Thecondom edian pricein Augustwas$545,000,a1.4% increasefrom Julyand 6% aboveAugust2022. Theaveragesold pricewas$548,856,1.6% abovelast m onth;theaveragePSF salepricewas$742,up 0.7% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
8% 3% 6% 6%
$742 $548,856 $545,000
$737 $540,176 $537,500
$688 $531,035 $515,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
668
604
590
669
576
654
580
579
497
496
485
463 465
260
237
222
205
236
224
130
168
104
148
136
16
87
$530K $515K
$525K $532K $558K $555K $538K $545K
$515K $506K
$480K $508K $500K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
400
4+ bdrms
1
300
10
3 bdrms
56%
200
37
31% 29%
114
100
2 bdrms
19%
356
0
81
<$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
34 19 56%
378 116 31%
225 65 29%
27 5 19%
2 0 n/a
1 0 n/a
1 0 n/a
274
Copyright© Septem ber5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber5,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online