surey CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 23% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2020
▲ 18% VS2020
▼ 56% VS2020
▲ 6% VS2020
Therewere377condolistingsinSureyinOctober,14% belowSeptemberand57%lowerthanOctober2020. Octobercondosalesdecreasedby12% month-over-month,to257,andwere6%aboveOctober 2020. Thesales-to-listingratioforcondosinSurey,at68%, reflectedaselers'market. ThecondomedianpriceinOctoberwas$475,000,a1.1% increasefromSeptemberand18%aboveOctober2020. Theaveragesoldpricewas$481,332,0.7%belowlast month;theaveragePSFsalepricewas$628,up1.3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 28% 242 873
%Change
No. 67% 293 437
%Change
TOTALLISTINGS TOTALSALES
68% 257 377
23% 17% 18% 146% 6% -57%
1.3% -0.7% 1.1% 1.7% -12% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$628 $481,332 $475,000
$620 $484,669 $470,000
$512 $412,377 $403,250
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
873
814
630
603
566
551
647
565 384
437
519 523
287 466
328
377
293
373
232
333
257
242
292
254
201
181
$475K
$470K
$465K
$459K
$455K
$454K
$454K
$450K
$440K
$415K
$415K
$403K
$400K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
4+bdrms
84%
150
6
63%
3bdrms
27
100
29%
136
22%
2bdrms
50
208
0
115
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
81 51 63%
219 184 84%
68 20 29%
9 2 22%
142
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●
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