surrey
CONDO - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % DOWN
9 % DOWN
2 % DOWN
40 % UP
SELLER’S 24 %
Condo listings in Surrey decreased to 730 in September, 3% below August and 2% lower vs September 2018. Year-over-year condo sales were up 40% in September (to 178) and were 17% higher month-over-month. The sales-to-listings ratio increased to 24%, reflect- ing seller’s market territory in Surrey. September’s condo benchmark price of $424,800 was virtually unchanged vs August and 8% lower than in September 2018. The average sold price was $387,906 at an average PSF sales price of $488 (down 4% and 0.6%, respec- tively, from August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 753 152 20%
% Change
No. 747 127 17%
% Change
TOTAL LISTINGS
730 178 24%
-3% 17% 21%
-2% 40% 43% -8% -9% -9%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$424,800 $426,400 $387,906 $405,241
-0.4% $460,200 -4% $426,723 -0.6% $535
$488
$491
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$460,200 $441,800 $428,600 $438,900 $434,200 $426,400 $424,800
853
813
787
782
747
730
656
191
178
177
166
141
129
127
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
39
100
2 bdrms
434
73
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
257
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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