surrey
TOWNHOME JUNE
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
37 % UP
21 % DOWN
SELLER’S 37 %
At 727, the number of townhome listings in Surrey were 9% higher month-over-month but 21% below this time last year. Townhome sales, at 267, were up 110% vs May and 37% above last June. The sales-to-listings ratio for townhome product in Surrey increased to 37% in June, reflecting sellers market conditions. The benchmark price in June was $583,600, increas- ing 0.9% month-over-month and 2% above June of last year. The average sold price was $626,872 (up 4% from May), while the average PSF sales price was $393 (1.8% above May).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 670 127 19%
% Change
No. 925 195 21%
% Change
TOTAL LISTINGS
727 267 37%
9%
-21% 37% 74%
TOTAL SALES
110%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
94%
$583,600 $578,600 $626,872 $603,122
0.9% $571,400 4% $599,404
2% 5% 3%
$393
$386
1.8%
$382
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$571,400 $567,800 $562,800 $557,600 $564,000 $575,500 $583,600
925
911
829
727
654
632
535
267
245
205
195
183
169
118
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
72
BALANCED
4+ bdrms
BUYER'S MARKET
195
132
3 bdrms
384
63
<3 bdrms
. . . . 0 0 0 0 QD
148
S-L RATIO SALES INVENTORY
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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