surrey
CONDO MAY
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 1.7 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
26 % DOWN
57 % DOWN
4 % UP
BALANCED 13 %
Condo listings in Surrey decreased to 628 in May, 8% above April but 26% lower vs May 2019. Condo sales, at 82, were up 17% month-over-month but 57% lower year-over-year. The sales-to-listings ratio increased to 13%, reflect- ing balanced market conditions in Surrey. May’s condo benchmark price of $399,200 was 1.6% below April but 1.7% higher vs May 2019. The average sold price was $406,870 at an average PSF sales price of $503 (down 2% and 1.9%, respec- tively, from April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 584
% Change
No. 853 191 22%
% Change
TOTAL LISTINGS
628
8%
-26% -57% -42% 1.7%
TOTAL SALES
82
70
17%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13%
12%
9%
$399,200 $405,700 $406,870 $416,740
-1.6% $392,400 -2% $393,055 -1.9% $474
4% 6%
$503
$513
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$392,400 $385,200 $383,800 $385,600 $388,300 $402,400 $399,200
853
813
768
653
628
604
497
191
189
178
177
174
137
82
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
3+ bdrms
37
53
2 bdrms
366
29
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
225
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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