surey CONDO-MARCH 202
SALESTO LISTINGSRATIO 86% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 32% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2021
▲ 25% VS2021
▼ 17% VS2021
▲ 1.0% VS2021
Therewere436condolistingsinSureyinMarch,18% aboveFebruaryand17%lowerthanMarch2021.
Marchcondosalesincreasedby42%month-over-month, to377,andwere1.1%aboveMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 71% 373 523
%Change
No. 72% 266 368
%Change
Thesales-to-listingratioforcondosinSurey,at86%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
86% 377 436
32% 23% 25% 21% 1.1% -17%
20% 42% 18%
ThecondomedianpriceinMarchwas$570,000,a0.9% decreasefromFebruaryand25%aboveMarch2021. Theaveragesoldpricewas$577,747,0.1%abovelast month;theaveragePSFsalepricewas$750,down1.0% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$750 $577,747 $570,000
$758 $577,238 $575,000
-1% 0.1% -0.9%
$566 $467,987 $455,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
603
566
551
565
523
437
436 377
466
384
368
336
373
377
293
287
288
333
301
292
217
266
257
254
217
201
$575K
$570K
$562K
$527K
$500K
$470K
$475K
$465K
$459K
$455K
$450K
$454K
$454K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
250
2
100%+
4+bdrms
200
84%
69%
150
12
3bdrms
23
49%
100
199
2bdrms
50
236
0
164
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
35 17 49%
236 199 84%
147 150 102%
16 11 69%
2 0 n/a
177
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●
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