surey CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 40% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2021
▲ 31% VS2021
▼ 28% VS2021
▼ 19% VS2021
Therewere368condolistingsinSureyinFebruary,70% aboveJanuaryand29%lowerthanFebruary2021. Februarycondosalesincreasedby23% month-over-month,to266,andwere19%below February2021. Thesales-to-listingratioforcondosinSurey,at72%, reflectedaselers'market. ThecondomedianpriceinFebruarywas$575,000,a2% increasefromJanuaryand31%aboveFebruary2021. Theaveragesoldpricewas$577,238,1.7%abovelast month;theaveragePSFsalepricewas$758,up1.7%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 63% 328 519
%Change
No. 217 217
%Change
TOTALLISTINGS TOTALSALES
72% 266 368
40% 28% 31% 14% -19% -29%
1.7% 1.7% 2% -28% 23% 70%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$745 $567,313 $562,000 100%
$758 $577,238 $575,000
$542 $451,738 $440,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
603
566
551
565
519
523 373
437
466
384
368
336
377
293
328
287
288
333
266
301
292
217
257
254
201 217
$575K
$562K
$527K
$500K
$470K
$475K
$465K
$459K
$455K
$450K
$454K
$454K
$440K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+ 100%+
200
4+bdrms
2
150
15 13
61%
3bdrms
100
44%
143
2bdrms
50
211
0
110
<$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
43 19 44%
218 132 61%
97 107 110%
4 8 200%
5 0 n/a
1 0 n/a
140
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●
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