surrey
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
-
BALANCED 17 %
23 % DOWN
0.4 % DOWN
71 % UP
The 1,175 detached listings in Surrey in January were up 5% month-over-month but 23% lower year-over-year. January’s detached sales (205 homes) were down by 21% vs December but 71% above January 2019. The sales-to-listings ratio decreased in January, to 17%, as Surrey’s detached market became balanced. At $1.05M, the benchmark price for detached homes was 0.7% above December and relatively unchanged vs January 2019. The average sold price of $1.17M was 2% higher month-over-month and 10% above January of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,175
1,115
5%
1,517
-23% 71% 121%
TOTAL SALES
205 17%
260 23%
-21% -25%
120
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8%
$1,053,000 $1,045,400 0.7% $1,057,400 -0.4%
$1,173,106 $1,144,548
2% $1,062,004
10%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.07
$1.06
$1.06
$1.05
$1.05
$1.05
$1.05
1.88
1.87
1.85
2,085
2,066
1,955
1,664
1,656
1,517
1.33
1.32
1.31
1,175
301
282
268
268
232
205
120
Jan-19
Dec-19
Jan-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD
S-L RATIO SALES INVENTORY
Copyright © 2020 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 February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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