the rennie review - March 2022

surey TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 63% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 47% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 45% VS2021

▲ 46% VS2021

▲ 35% VS2021

▼ 42% VS2021

Therewere426townhomelistingsinSureyinFebruary, 110%aboveJanuaryand35%higherthanFebruary2021. Februarytownhomesalesincreasedby44% month-over-month,to267,andwere42%below February2021. Thesales-to-listingratiofortownhomesinSurey,at 63%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$999,000,a 3%increasefromJanuaryand46%aboveFebruary2021. Theaveragesoldpricewas$1,006,521,4%abovelast month;theaveragePSFsalepricewas$649,up5%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 464 315

%Change

No. 91% 185 203

%Change

TOTALLISTINGS TOTALSALES

63% 267 426

47% 45% 46% -57% -42% 35%

5% 4% 3% -31% 44% 110%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$441 $693,059 $685,500 147%

$649 $1,006,521 $999,000

$620 $963,790 $970,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

558

519

467

464

426

412

473

459

448

420

312

308

303

359

267

267

255

315

295 302

203

266 249

233

185

139

$999K

$970K

$880K

$840K

$799K

$785K

$743K

$735K

$740K

$725K

$731K

$730K

$686K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

77

100%+ 100%+

200

4+bdrms

136

150

128

3bdrms

216

50%

50%

100

43%

35%

61

25%

50

2bdrms

72

0

2 1

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

<2bdrms

S-LRATIO SALES INVENTORY

7 3 43%

17 6 35%

83 21 25%

213 106 50%

76 99 130%

26 30 115%

4 2 50%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 39 ●

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