surrey
CONDO - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
7 % DOWN
15 % DOWN
9 % UP
SELLER’S 21 %
Condo listings in Surrey decreased to 722 in August, 9% below July but 9% higher than in August 2018. Year-over-year condo sales were down 15% in August (to 152) and were 14% lower month-over-month. The sales-to-listings ratio decreased to 21%, as Surrey’s condo market remained in seller’s market territory. August’s condo benchmark price of $426,400 was unchanged vs July but 8% lower than in August 2018. The average sold price was $405,241 at an average PSF sales price of $491 (up 3% and 4%, respectively, from July).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 796 177 22%
% Change
No. 665 179 27%
% Change
TOTAL LISTINGS
722 152 21%
-9%
9%
TOTAL SALES
-14%
-15% -22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-5%
$426,400 $426,400 $405,241 $394,751
0.0% $465,400 3% $414,796
-8% -2% -7%
$491
$474
4%
$528
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$465,400 $454,400 $438,500 $430,900 $438,200 $423,600 $426,400
849
834
796
728
722
665
628
179
175
152
143
139
137
89
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
8
3+ bdrms
31
SELLER'S MARKET
BALANCED
87
2 bdrms
BUYER'S MARKET
439
57
<2 bdrms
. . . . 0 0 0 0 QD QD QD
252
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. 34
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