surrey
TOWNHOME APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.3 % UP
29 % DOWN
47 % DOWN
0.7 % DOWN
BALANCED 20 %
At 604, the number of townhome listings in Surrey were 6% lower month-over-month and 29% below this time last year. Townhome sales, at 118, were down 49% vs March and 47% below last April. The sales-to-listings ratio for townhome product in Surrey decreased to 20% in April, reflecting bal- anced market conditions. The benchmark price in April was $576,900, increasing 0.9% month-over-month and 1.6% above April of last year. The average sold price was $601,646 (4% lower than March), while the average PSF sales price was $388 (0.8% belowMarch).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 645 231 36%
% Change
No. 849 221 26%
% Change
TOTAL LISTINGS
604 118 20%
-6%
-29% -47% -25% 1.6% -0.7% 1.3%
TOTAL SALES
-49% -45%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$576,900 $571,900 $601,646 $628,277
0.9% $567,800 -4% $606,104 -0.8% $383
$388
$391
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$567,800 $571,400 $567,800 $562,800 $559,200 $565,500 $576,900
925
911
849
829
630
604
535
245
221
205
195
183
169
118
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
25
4+ bdrms
151
SELLER'S MARKET
BALANCED
60
BUYER'S MARKET
3 bdrms
328
33
<3 bdrms
. . . . 0 0 0 0 QD QD
125
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 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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