surrey
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 0.3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % DOWN
6 % UP
6 % UP
SELLER’S 31 %
Condo listings in Surrey decreased to 447 in January, 3% below December and 32% lower vs January 2019. Year-over-year condo sales were up 6% in January (to 137) but were 19% lower month-over-month. The sales-to-listings ratio decreased to 31%, reflect- ing seller’s market conditions in Surrey. January’s condo benchmark price of $429,700 was 1.2% above December and relatively unchanged from January 2019. The average sold price was $398,709 at an average PSF sales price of $514 (relatively unchanged and up 3%, respectively, from December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 463 169 37%
% Change
No. 656 129 20%
% Change
TOTAL LISTINGS
447 137 31%
-3%
-32%
TOTAL SALES
-19% -16%
6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
56% 0.3%
$429,700 $424,800 $398,709 $397,695
1.2% $428,600 0.3% $376,895
6% 6%
$514
$499
3%
$487
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$428,600 $438,900 $434,200 $426,400 $424,800 $426,700 $429,700
853
813
782
768
656
652
447
191
189
178
177
166
137
129
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
BUYER'S MARKET
3+ bdrms
33
77
2 bdrms
289
57
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
125
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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