surrey TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.4% VS 2023
▲ 1.2% VS 2023
▲ 52% VS 2023
▲ 17% VS 2023
There were 870 townhome listings in Surrey in November, 4% below October and 52% higher than November 2023. November townhome sales decreased by 28% month-over-month, to 145, and were 17% above November 2023. The sales-to-listing ratio for townhomes in Surrey, at 17%, reflected a balanced market. The townhome median price in November was $849,900, a 2% increase from October and 1.2% above November 2023. The average sold price was $867,063, 1.2% above last month; the average PSF sale price was $542, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 124 571
% Change
No. 201 910
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
145 870
0.9% 1.4% 1.2% -23% 17% 52%
-2% 1.2% 2% -25% -28% -4%
$542 $867,063 $849,900 17%
$537 $855,351 $839,500 22%
$556 $857,198 $832,000 22%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
898
937
870
910
766
882
830
679
571
521
565
449
425
219
209
201
184
210
145
192
124
165
154
141
129
115
$890K
$886K
$880K
$868K
$857K
$845K
$847K
$850K
$850K
$840K
$840K
$839K
$832K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
36
400
4+ bdrms
299
300
72
3 bdrms
415
200
36
19% 22%
2 bdrms
18%
17%
100
151
9%
9%
0
1
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
5
S-L RATIO SALES INVENTORY
31 6 19%
201 44 22%
429 77 18%
141 12 9%
57 5 9%
6 1 17%
5 0 n/a
Copyright © 2024 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 December 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 45 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online