surrey TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 39% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 6% VS 2023
▲ 40% VS 2023
▼ 1.4% VS 2023
There were 565 townhome listings in Surrey in March, 8% above February and 40% higher than March 2023. March townhome sales increased by 33% month-over-month, to 219, and were 1.4% below March 2023. The sales-to-listing ratio for townhomes in Surrey, at 39%, reflected a sellers' market. The townhome median price in March was $880,000, a 1.1% decrease from February and 6% above March 2023. The average sold price was $892,776, 4% below last month; the average PSF sale price was $575, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 222 404
% Change
No. 165 521
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
219 565
8% 5% 6% -29% -1.4% 40%
22% 33% 8%
$575 $892,776 $880,000 39%
$532 $849,156 $830,000 55%
$561 $926,133 $889,900 32%
2% -4% -1.1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
571
540
604
565
521
583
506
560
511
449
404
425
415
281
222
219
248
171
218
217
124
189
165
129
115
114
$890K
$883K
$880K
$865K
$870K
$863K
$857K
$845K
$850K
$830K
$833K
$840K
$840K
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
300
56
4+ bdrms
250
194
200
110
3 bdrms
51%
150
266
44%
38%
38%
31%
100
51
2 bdrms
104
50
0
1 2
<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+
S-L RATIO SALES INVENTORY
18 8 44%
112 57 51%
284 107 38%
117 36 31%
29 11 38%
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 April 10, 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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