the rennie review- December 2022

surey TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.1% VS 2021

▼ 1.8% VS 2021

▲ 145% VS 2021

▼ 55% VS 2021

Therewere570townhom elistingsin Sur eyin N ovem ber,8% below O ctoberand 145% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by17% m onth-over-m onth,to 121,and were55% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 21% ,reflected aselers'm arket. Thetownhom em edian pricein N ovem berwas$825,000, a4% increasefrom O ctoberand 1.8% below N ovem ber 2021. Theaveragesold pricewas$846,576,3% abovelast m onth;theaveragePSF salepricewas$526,down 2% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 267 233

% Change

No. 23% 145 621

% Change

TOTALLISTINGS TOTALSALES

21% 121 570

-5% 0.1% -1.8% -81% -55% 145%

-2% 3% 4% -9% -17% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$552 $845,328 $840,000 115%

$526 $846,576 $825,000

$537 $825,670 $795,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

692

781

597

695

690

621

570

427

388

267

255

228

218

203

233

167

264

145

227

184

121

139

138

131

$970K $999K $965K

$940K $885K

$870K $853K $805K $820K

$840K $880K

$795K $825K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

31

4+ bdrms

156

200

62

150

3 bdrms

316

100

32%

28

24%

2 bdrms

18% 20%

50

96

12%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

14 0 n/a

37 9 24%

139 44 32%

262 47 18%

89 18 20%

26 3 12%

3 0 n/a

2

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