surrey
CONDO - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
28 % DOWN
1.2 % DOWN
1.8 % UP
24 % UP
SELLER’S 33 %
Condo listings in Surrey decreased to 523 in February, 10% above January but 28% lower vs February 2019. Condo sales were up 24% in February (to 170) month-over-month and year-over-year. The sales-to-listings ratio increased to 33%, reflect- ing seller’s market conditions in Surrey. February’s condo benchmark price of $436,700 was 1.6% above January and 1.3% higher vs February 2019. The average sold price was $397,716 at an average PSF sales price of $499 (relatively unchanged and down 3%, respectively, from January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 474 137 29%
% Change
No. 728 137 19%
% Change
TOTAL LISTINGS
523 170 33%
10% 24% 12%
-28% 24% 73% 1.3% -1.2% 1.8%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$436,700 $429,700 $397,716 $398,709
1.6% $430,900 -0.2% $402,662
$499
$514
-3%
$490
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$430,900 $438,200 $423,600 $426,400 $427,500 $424,800 $436,700
849
834
770
746
728
523
477
207
175
170
169
152
143
137
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
BUYER'S MARKET
3+ bdrms
41
101
2 bdrms
329
65
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
153
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 4, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
34
Made with FlippingBook - professional solution for displaying marketing and sales documents online