surrey
DETACHED - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % DOWN
-
BALANCED 14 %
7 % DOWN
17 % UP
The 1,901 detached listings in Surrey in August were down 7% month-over-month and year-over-year. August’s detached sales (260 homes) were down by 3% vs July but 17% above August 2018. The sales-to-listings ratio slightly increased in August, to 14%, as Surrey’s detached market remained balanced. At $1.05M, the benchmark price for detached homes was 0.5% below July and 5% lower vs August 2018. The average sold price of $1.11M was 7% higher month-over-month but 4% below August of last year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,901
2,040
-7% -3%
2,037
-7% 17% 25% -5% -4%
TOTAL SALES
260 14%
268 13%
222 11%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
4%
$1,047,800 $1,052,600 -0.5% $1,106,300
$1,107,462 $1,032,604
7% $1,156,482
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.11
$1.09
$1.07
$1.07
$1.06
$1.06
$1.05
2.47
2.46
2.38
2,060
2,037
1,980
1,907
1,901
1.86
1.85
1.85
1,569
1,312
265
260
242
230
222
165
137
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 32
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