the rennie review - July 2021

surey TOWNHOME-JUNE 2021

SALESTO LISTINGSRATIO 78% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 20% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 20% VS2020

▲ 22% VS2020

▼ 39% VS2020

▲ 34% VS2020

Therewere458townhomelistingsinSureyinJune,12% belowMayand39%lowerthanJune2020. Junetownhomesalesdecreasedby20% month-over-month,to359,andwere34%aboveJune 2020. Thesales-to-listingratiofortownhomesinSurey,at 78%,reflectedaseler'smarket. ThetownhomemedianpriceinJunewas$730,000,a 0.1%decreasefromMayand22%aboveJune2020. Theaveragesoldpricewas$749,329,1.2%abovelast month;theaveragePSFsalepricewas$472,up0.4%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 35% 267 754

%Change

No. 86% 448 519

%Change

TOTALLISTINGS TOTALSALES

78% 359 458

20% 20% 22% 121% 34% -39%

-0.4% 1.2% -0.1% -9% -20% -12%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$472 $749,329 $730,000

$474 $740,694 $731,000

$392 $626,872 $600,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

791

754

827

754

799

617

558

519

465 467

414

359 458

389

368

473

448

323

420

31

339

324

322

267

315

290

$743K

$725K

$731K

$730K

$685K

$652K

$633K

$620K

$625K

$621K

$615K

$600K

$602K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

250

100

100%+

100%

4+bdrms

200

131

87%

74%

68%

150

193

3bdrms

237

50%

100

66

2bdrms

50

87

0

<$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

17 0 n/a

68 46 68%

236 206 87%

118 87 74%

13 18 138%

2 1 50%

3 0 n/a

1 1 100%

3

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 36 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online