surrey
CONDO OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE 2 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
15 % UP
16 % UP
SELLER’S 28 %
Condo listings in Surrey decreased to 855 in October, 6% below September but 15% higher vs October 2019. Condo sales, at 241, were up 10% month-over- month and 16% higher year-over-year. The sales-to-listings ratio increased to 28%, reflect- ing seller’s market conditions in Surrey. October’s condo benchmark price of $400,700 was 0.3% below September but 4% higher vs October 2019. The average sold price was $411,540 at an average PSF sales price of $513 (down 0.1% and 1.5%, respectively, from September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 914 220 24%
% Change
No. 746 207 28%
% Change
TOTAL LISTINGS
855 241 28%
-6% 10% 17%
15% 16% 1.6%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$400,700 $401,800 $411,540 $412,096
-0.3% $386,300 -0.1% $383,198 -1.5% $503
4% 7% 2%
$513
$521
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$386,300 $384,200 $394,800 $405,700 $400,500 $403,000 $400,700
894
855
746
746
610
558
477
241
207
207
179
169
169
70
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
9
BUYER'S MARKET
3+ bdrms
44
141
2 bdrms
566
91
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
245
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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