surrey
CONDO JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % DOWN
0.6 % UP
11 % UP
25 % UP
SELLER’S 25 %
Condo listings in Surrey decreased to 716 in June, 9% above May but down 14% from June 2019. Condo sales, at 179, were up 118% month-over- month and 25% higher year-over-year. The sales-to-listings ratio increased to 25%, reflect- ing seller’s market conditions in Surrey. June’s condo benchmark price of $400,500 was 0.3% above May and 5% higher vs June 2019. The average sold price was $404,281 at an average PSF sales price of $524 (down 0.6% and up 4%, respectively, fromMay).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 659
% Change
No. 834 143 17%
% Change
TOTAL LISTINGS
716 179 25%
9%
-14% 25% 46% 0.6% 11% 5%
TOTAL SALES
82
118% 101%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
$400,500 $399,200 $404,281 $406,870
0.3% $382,900 -0.6% $401,873
$524
$503
4%
$473
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$405,700 $400,500
$382,900 $385,400 $386,300 $384,200 $394,800
834
770
746
716
609
557
477
207
179
169
169
152
143
70
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
43
99
2 bdrms
439
77
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
234
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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