surey DETACHED-MARCH 202
SALESTO LISTINGSRATIO 41% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2021
▲ 28% VS2021
▼ 7% VS2021
▼ 39% VS2021
Therewere1,111detachedlistingsinSureyinMarch, 23%aboveFebruaryand7%lowerthanMarch2021. Marchdetachedhomesalesincreasedby28% month-over-month,to458,andwere39%belowMarch 2021. Thesales-to-listingratiofordetachedinSurey,at41%, reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No. 40% 358 901
TOTALLISTINGS TOTALSALES
41% 458 1,111
63% 754 1,196
26% 29% -35% -39% -7%
-5% -4% 4% 28% 23%
ThedetachedmedianpriceinMarchwas$1,827,500,a 4%decreasefromFebruaryand29%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,084,594 $1,900,000
Theaveragesoldpricewas$1,990,405,5%belowlast monthandup26%toMarch2021.
$1,990,405 $1,827,500
$1,575,564 $1,415,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,579
1,422
1,539
1.95
1,11
1.90
1.89
1,196
1,199
1.74
91
901
1.70
1,023
1.59
698
754
634
782
487
634
409 400
385
585
458
437
396
385
358
349
270
$1.83M $1.90M
$1.89M
$1.65M
$1.66M
$1.55M
$1.51M
$1.46M
$1.43M
$1.42M
$1.42M
$1.41M
$1.40M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
400
300
54%
54%
51%
200
36%
34%
28%
100
17%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
26 14 54%
3 0 n/a
2 0 n/a
14 5 36%
128 44 34%
401 216 54%
208 107 51%
145 41 28%
184 31 17%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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