surey CONDO-APRIL 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 27% VS2021
▲ 31% VS2021
▼ 18% VS2021
▼ 18% VS2021
Therewere494condolistingsinSureyinApril,14% aboveMarchand18%lowerthanApril2021.
Aprilcondosalesdecreasedby27%month-over-month, to274,andwere18%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 55% 333 603
%Change
No. 87% 377 435
%Change
Thesales-to-listingratioforcondosinSurey,at55%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
55% 274 494
26% 27% 31% 0.4% -18% -18%
-36% -27% 14%
ThecondomedianpriceinAprilwas$589,500,a3% increasefromMarchand31%aboveApril2021. Theaveragesoldpricewas$592,000,2%abovelast month;theaveragePSFsalepricewas$731,down2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$731 $592,000 $589,500
$750 $577,747 $570,000
-2% 2% 3%
$582 $465,265 $450,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
603
566
551
565
494
437
435
466
384
368
336
377
377
333
293
287
288
301
292
216
274
265
257
254
217
201
$590K
$575K
$570K
$562K
$527K
$500K
$475K
$470K
$465K
$454K
$459K
$450K
$454K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
250
100%
4+bdrms
200
65%
14
150
3bdrms
52%
22
50%
100
154
2bdrms
19%
50
274
0
106
<$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
37 7 19%
264 138 52%
175 113 65%
14 14 100%
4 2 50%
198
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 40 ●
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