surey DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 49% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 37% VS2020
▲ 34% VS2020
▼ 48% VS2020
▼ 26% VS2020
Therewere782detachedlistingsinSureyinOctober, 14%belowSeptemberand48%lowerthanOctober2020. Octoberdetachedhomesalesdecreasedby4% month-over-month,to385,andwere26%belowOctober 2020. Thesales-to-listingratiofordetachedinSurey,at49%, reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,550,000,a 3%increasefromSeptemberand34%aboveOctober 2020. Theaveragesoldpricewas$1,729,001,8%abovelast monthandup37%toOctober2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 44% 400 911
%Change
TOTALLISTINGS TOTALSALES
49% 385 782
34% 519 1,518
37% 34% 44% -26% -48%
8% 3% 12% -4% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,594,062 $1,510,000
$1,729,001 $1,550,000
$1,258,218 $1,160,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,579
1,518
1,422
1,539
1,209
1,196
1.94
1.92
1.86
1,199
91
1.68
1.67
630 834
1,023
813
754
1.55
782
634
808
558
533
634
519
409
400
385
437
400
396
$1.55M
$1.51M
$1.46M
$1.42M $1.37M
$1.43M
$1.42M
$1.41M
$1.40M
$1.30M
$1.21M
$1.18M
$1.16M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
200
92%
150
68%
53%
100
29%
50
20%
17%
13%
6%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
31 9 29%
5 1 20%
8 1 13%
30 39 130%
119 109 92%
214 145 68%
102 54 53%
92 16 17%
181 11 6%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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