surrey
DETACHED JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
-
18 % UP
BALANCED 20 %
24 % DOWN
The 1,571 detached listings in Surrey in June were up 9% month-over-month but 24% lower year-over-year. June’s detached sales (312 homes) were 114% above May and 18% above June 2019. The sales-to-listings ratio increased in June, to 20%, as Surrey’s detached market transitioned to a bal- anced market. At $1.09M, the benchmark price for detached homes was relatively unchanged fromMay and 3% higher vs June 2019. The average sold price of $1.19Mwas 6% higher month-over-month and 9% above June of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,571
1,438
9%
2,069
-24% 18% 55%
TOTAL SALES
312 20%
146 10%
114%
265 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
96%
$1,089,500 $1,087,100 0.2% $1,057,000
3% 9%
$1,191,981 $1,123,025
6% $1,090,902
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.09
$1.06
$1.06
$1.05
$1.05
$1.04
1.88
1.87
1.85
2,069
2,021
1,800
1.49
1.46
1.45
1,571
1,354
1,333
1,143
312
308
291
265
260
257
142
Jun-19
May-20
Jun-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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