surrey
TOWNHOME OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % UP
10 % DOWN
50 % UP
SELLER’S 49 %
At 746, the number of townhome listings in Surrey were 12% lower month-over-month and 10% below this time last year. Townhome sales, at 368, were up 14% vs September and 50% above last October. The sales-to-listings ratio for townhome product in Surrey rose to 49% in October, reflecting seller’s market conditions. The benchmark price in October was $592,300, 0.1% higher month-over-month and 5% above October of last year. The average sold price was $640,436 (2% above September), while the average PSF sales price was $393 (0.5% below September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 843 324 38%
% Change
No. 829 245 30%
% Change
TOTAL LISTINGS
746 368 49%
-12% 14% 28%
-10% 50% 67%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$592,300 $591,500 $640,436 $627,781
0.1% $562,800 2% $592,827 -0.5% $378
5% 8% 4%
$393
$395
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$562,800 $557,600 $564,000 $575,500 $583,600 $586,700 $592,300
833
829
768
746
656
633
535
368
321
267
245
204
169
118
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
108
4+ bdrms
BUYER'S MARKET
206
188
3 bdrms
390
72
<3 bdrms
. . . . 0 0 0 0 QD QD
150
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 November 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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