surrey TOWNHOME - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 50% VS 2023
▲ 76% VS 2023
▼ 0.3% VS 2023
▼ 0.1% VS 2023
There were 909 townhome listings in Surrey in October, 3% below September and 50% higher than October 2023. October townhome sales increased by 43% month-over-month, to 201, and were 76% above October 2023. The sales-to-listing ratio for townhomes in Surrey, at 22%, re'ected a sellers' market. The townhome median price in October was $832,000, a 2% decrease from September and 0.1% below October 2023. The average sold price was $857,205, 3% below last month; the average PSF sale price was $556, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 114 604
% Change
No. 141 936
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
201 909
17% 76% 50%
-2% -3% -2% 47% 43% -3%
$556 $857,205 $832,000 22%
$551 $859,508 $832,500 19%
$569 $886,239 $849,500 15%
0.8% -0.3% -0.1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
898
909
830
936
766
882
679
571
604
521
565
449
425
219
209
184
201
124
210
192
114
165
154
141
129
115
$890K
$886K
$880K
$868K
$857K
$845K
$847K
$850K
$833K
$840K
$840K
$839K
$832K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
500
50
4+ bdrms
400
294
300
96
3 bdrms
449
200
35%
30%
54
19% 19%
2 bdrms
100
13%
161
9%
0
1
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
5
S-L RATIO SALES INVENTORY
37 11 30%
202 71 35%
460 86 19%
139 27 19%
58 5 9%
8 1 13%
5 0 n/a
Copyright © 2024 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 November 12, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 45 ●
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