surrey
TOWNHOME - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.5 % DOWN
9 % DOWN
3 % DOWN
3 % UP
SELLER’S 22 %
At 838, the number of townhome listings in Surrey was 8% below July but 3% higher than in August 2018. Townhome sales, at 183, were down 20% vs July and 9% below last August. The sales-to-listings ratio for townhome product in Surrey decreased to 22% in August, reflecting seller’s market conditions. The benchmark price in August was $567,800, virtually unchanged from last month and 5% lower than in August 2018. The average sold price was $586,644 (1.7% below- July), while the average PSF sales price was $386 (down 3% from July).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 910 228 25%
% Change
No. 810 200 25%
% Change
TOTAL LISTINGS
838 183 22%
-8%
3%
TOTAL SALES
-20% -13%
-9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-12%
$567,800 $565,500 $586,644 $596,528
0.4% $596,800 -1.7% $603,468
-5% -3%
$386
$376
3%
$392
-1.5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$596,800 $583,600 $581,700 $560,900 $567,800 $571,400 $567,800
925
891
849
838
810
743
650
221
200
195
185
183
138
125
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
38
4+ bdrms
BUYER'S MARKET
208
89
3 bdrms
458
56
<3 bdrms
. . . . 0 0 0 0 QD QD QD
173
S-L RATIO SALES INVENTORY
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. 33
Made with FlippingBook - professional solution for displaying marketing and sales documents online