surrey
TOWNHOME - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
5 % DOWN
5 % DOWN
4 % UP
BALANCED 20 %
At 849, the number of townhome listings in Surrey was 4% below August and 3% lower than in September 2018. Townhome sales, at 174, were down 5% vs August but 4% above last September. The sales-to-listings ratio for townhome product in Surrey decreased to 20% in September, reflecting balanced market conditions. The benchmark price in September was $568,300, virtually unchanged from last month and 5% lower than in September 2018. The average sold price was $586,365 (virtually unchanged from August), while the average PSF sales price was $382 (down 1.0% from August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 883 183 21%
% Change
No. 875 168 19%
% Change
TOTAL LISTINGS
849 174 20%
-4% -5%
-3%
TOTAL SALES
4% 7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-1.1%
$568,300 $567,800 $586,365 $586,644
0.1% $596,100 0.0% $619,859 -1.0% $402
-5% -5% -5%
$382
$386
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$596,100 $580,800 $570,700 $563,300 $566,600 $565,500 $568,300
933
903
875
845
849
794
689
238
228
190
174
168
135
105
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
33
4+ bdrms
BUYER'S MARKET
206
97
3 bdrms
458
44
<3 bdrms
. . . . 0 0 0 0 QD QD QD
185
S-L RATIO SALES INVENTORY
Copyright © 2019 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 3, 2019. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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