the rennie review - July 2021

surey CONDO-JUNE 2021

SALESTO LISTINGSRATIO 51% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 8% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 16% VS2020

▲ 15% VS2020

▼ 22% VS2020

▲ 61% VS2020

Therewere572condolistingsinSureyinJune,0.2% aboveMayand22%lowerthanJune2020.

Junecondosalesdecreasedby24%month-over-month, to292,andwere61%aboveJune2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 25% 181 737

%Change

No. 67% 385 571

%Change

Thesales-to-listingratioforcondosinSurey,at51%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

51% 292 572

8% 16% 15% 108% 61% -22%

-0.1% 2% 1.1% -24% -24% 0.2%

ThecondomedianpriceinJunewas$459,000,a1.1% increasefromMayand15%aboveJune2020. Theaveragesoldpricewas$470,161,2.0%abovelast month;theaveragePSFsalepricewas$564,up0.1%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$564 $470,161 $459,000

$565 $461,008 $453,800

$522 $403,809 $400,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

862

814

814

907

873

737

630

609

647

526

572

385 571

519 373

328

242

292

232

334

206

181

220

206

201

181

$459K

$455K

$454K

$450K

$440K

$415K

$415K

$415K

$406K

$403K

$400K

$400K

$400K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

350

4+bdrms

300

2

250

11

200

3bdrms

56%

36

48%

150

36%

29% 25%

100

192

2bdrms

321

50

0

89

<$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

153 74 48%

342 192 56%

64 23 36%

7 2 29%

4 1 25%

2 0 n/a

213

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●

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