surrey
TOWNHOME MAY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.6 % UP
0.0 %
28 % DOWN
47 % DOWN
BALANCED 20 %
At 646, the number of townhome listings in Surrey were 1.9% higher month-over-month but 28% below this time last year. Townhome sales, at 127, were up 8% vs April but 47% below last May. The sales-to-listings ratio for townhome product in Surrey increased to 20% in May, reflecting balanced market conditions. The benchmark price in May was $578,600, increas- ing 0.5% month-over-month and 2% above May of last year. The average sold price was $603,122 (relatively unchanged from April), while the average PSF sales price was $386 (0.5% below April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 634 118 19%
% Change
No. 903 238 26%
% Change
TOTAL LISTINGS
646 127 20%
1.9%
-28% -47% -25% 0.6% 0.0% 2%
TOTAL SALES
8% 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$578,600 $575,500 $603,122 $601,646
0.5% $566,600 0.2% $599,810 -0.5% $386
$386
$388
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$566,600 $565,500 $568,300 $559,200 $561,400 $570,500 $578,600
934
903
915
745
664
646
588
238
230
227
189
174
149
127
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
28
4+ bdrms
173
SELLER'S MARKET
68
3 bdrms
BALANCED
334
BUYER'S MARKET
31
<3 bdrms
. . . . 0 0 0 0 QD QD
139
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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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