surrey
TOWNHOME JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.6 % UP
20 % DOWN
6 % UP
1.7 % DOWN
42 % UP
SELLER’S 27 %
At 551, the number of townhome listings in Surrey were 5% higher month-over-month but 20% below this time last year. Townhome sales, at 149, were down 12% vs December but 42% above last January. The sales-to-listings ratio for townhome product in Surrey decreased to 27% in January, reflecting seller’s market conditions. The benchmark price in January was $561,100, rela- tively unchanged from last month and 1.7% lower vs January 2019. The average sold price was $602,285 (2% above December), while the average PSF sales price was $388 (3% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 526 170 32%
% Change
No. 689 105 15%
% Change
TOTAL LISTINGS
551 149 27%
5%
-20% 42% 77% -1.7%
TOTAL SALES
-12% -16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$561,100 $559,200 $602,285 $587,741
0.3% $570,700 2% $569,736
6%
$388
$376
3%
$382
1.6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$570,700 $563,300 $566,600 $565,500 $568,300 $559,200 $561,100
934
914
903
794
744
689
551
238
227
190
189
174
149
105
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
31
4+ bdrms
BUYER'S MARKET
124
84
3 bdrms
308
34
<3 bdrms
. . . . 0 0 0 0 QD
119
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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