surrey
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
34 % DOWN
60 % DOWN
5 % UP
BALANCED 12 %
Condo listings in Surrey decreased to 562 in April, 5% belowMarch and 34% lower vs April 2019. Condo sales, at 70, were down 60% month-over- month and year-over-year. The sales-to-listings ratio decreased to 12%, reflect- ing balanced market conditions in Surrey. April’s condo benchmark price of $448,800 was 0.8% above March and 2% higher vs April 2019. The average sold price was $416,740 at an average PSF sales price of $513 (up 3% and relatively unchanged, respectively, fromMarch).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 591 174 29%
% Change
No. 849 175 21%
% Change
TOTAL LISTINGS
562
-5%
-34% -60% -40%
TOTAL SALES
70
-60% -58%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
$448,800 $445,100 $416,740 $404,671
0.8% $438,200 3% $396,923 -0.2% $491
2% 5% 4%
$513
$514
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$438,200 $423,600 $426,400 $427,500 $424,800 $436,700 $448,800
849
834
770
746
562
557
477
207
175
169
169
152
143
70
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
3+ bdrms
30
44
2 bdrms
338
26
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
194
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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