surey DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 39% VS2021
▲ 39% VS2021
▲ 8% VS2021
▼ 43% VS2021
Therewere901detachedlistingsinSureyinFebruary, 54%aboveJanuaryand8%higherthanFebruary2021. Februarydetachedhomesalesincreasedby32% month-over-month,to359,andwere43%below February2021. Thesales-to-listingratiofordetachedinSurey,at40%, reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,900,000, a0.3%increasefromJanuaryand39%aboveFebruary 2021. Theaveragesoldpricewas$2,084,664,1.6%abovelast monthandup39%toFebruary2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 76% 630 834
%Change
No. 46% 271 585
%Change
TOTALLISTINGS TOTALSALES
40% 359 901
39% 39% -47% -43% 8%
1.6% 0.3% -14% 32% 54%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,052,395 $1,895,000
$2,084,664 $1,900,000
$1,499,670 $1,370,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,579
1,422
1,539
1,196
2.00
1.95
1.90
1,199
91
901
1.74
1.73
1,023
754
698
1.56
834
634
782
487
634
630
409 400
385
585
359
437
396
385
349
271
$1.90M
$1.90M
$1.65M
$1.66M
$1.55M
$1.51M
$1.46M
$1.43M
$1.42M
$1.42M $1.37M
$1.41M
$1.40M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
100%
250
200
55%
52%
150
38%
35%
100
20%
18%
18%
50
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
21 8 38%
2 2 100%
2 0 n/a
17 3 18%
104 21 20%
311 172 55%
165 85 52%
110 38 35%
169 30 18%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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