surrey TOWNHOME - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 61% VS 2023
▼ 2% VS 2023
▼ 0.0% VS 2023
▼ 18% VS 2023
There were 936 townhome listings in Surrey in September, 6% above August and 61% higher than September 2023. September townhome sales decreased by 8% month-over-month, to 141, and were 18% below September 2023. The sales-to-listing ratio for townhomes in Surrey, at 15%, re&ected a balanced market. The townhome median price in September was $849,500, a 1.3% increase from August and 0.0% below September 2023. The average sold price was $886,239, 2% above last month; the average PSF sale price was $569, up 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 171 583
% Change
No. 154 882
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
141 936
1.1% -2% 0% -49% -18% 61%
1.3% -14% -8% 6%
$569 $886,239 $849,500 15%
$563 $907,268 $849,900 29%
$546 $867,137 $838,750 17%
4% 2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
898
936
830
766
882
679
604
571
583
521
565
449
425
219
209
184
124
171
210
141
192
165
154
129
114
115
$890K
$886K
$880K
$868K
$857K
$850K
$845K
$847K
$850K
$833K
$840K
$840K
$839K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
500
35
4+ bdrms
400
311
300
77
3 bdrms
454
44%
200
28
22%
2 bdrms
14%
13%
100
166
11%
8%
0
1
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
5
S-L RATIO SALES INVENTORY
35 4 11%
215 48 22%
465 65 14%
155 13 8%
53 7 13%
9 4 44%
4 0 n/a
Copyright © 2024 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 October 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 45 ●
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