detached
S U R R E Y - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % DOWN
-
12 % UP
32 % DOWN
11 %
The 1,498 detached listings in Surrey in February were up 1.4% compared to January and 12% above February 2018. February’s detached sales (167 homes) were up 38% month-over-month but 32% below February 2018. The sales-to-listings ratio increased in February, to 11%, as Surrey’s detached market remained favour- able to buyer’s. At $1.07M, the benchmark price for detached homes was 0.9% higher vs January but 3% below February 2018. The average sold price of $1.08M was 1.8% higher month-over-month but 9% below February 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,498
1,477
1.4% 38% 36%
1,337
12% -32% -39%
TOTAL SALES
167 11%
121
244 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8%
$1,066,600 $1,057,400 0.9% $1,102,700 $1,079,860 $1,060,905 1.8% $1,190,329
-3% -9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.12
$1.12
$1.11
$1.10
$1.09
$1.07
$1.07
2.49
2.48
2.47
2,042
1,984
2,004
1.90
1.90
1.85
1,681
1,498
1,337
1,312
318
275
244
230
222
167
139
Feb-18
Jan-19
Feb-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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