surrey
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % UP
-
11 %
35 % DOWN
41 % DOWN
The 1,249 detached listings in Surrey in April were down 7% month-over-month and 35% lower year-over-year. April’s detached sales (142 homes) were 58% below March and 41% below April 2019. The sales-to-listings ratio decreased in April, to 11%, as Surrey’s detached market became favourable to buyers. At $1.09M, the benchmark price for detached homes was 0.9% belowMarch but 3% higher vs April 2019. The average sold price of $1.25Mwas 10% higher month-over-month and 13% above April of last year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,249
1,339
-7%
1,910
-35% -41% -10%
TOTAL SALES
142 11%
337 25%
-58% -55%
242 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,089,900 $1,080,600 0.9% $1,062,200
3%
$1,252,609 $1,140,069
10% $1,109,312
13%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.09
$1.06
$1.06
$1.06
$1.05
$1.05
$1.05
1.89
1.89
1.87
2,067
2,021
1,910
1,800
1.30
1.29
1.28
1,353
1,249
1,143
308
292
265
260
257
242
142
Apr-19
Mar-20
Apr-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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