surrey TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 31% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 3% VS 2023
▲ 63% VS 2023
▼ 3% VS 2023
There were 678 townhome listings in Surrey in April, 20% above March and 63% higher than April 2023. April townhome sales decreased by 3% month-over-month, to 212, and were 3% below April 2023. The sales-to-listing ratio for townhomes in Surrey, at 31%, reflected a sellers' market. The townhome median price in April was $886,000, a 0.7% increase from March and 3% above April 2023. The average sold price was $906,306, 1.5% above last month; the average PSF sale price was $567, down 1.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 218 415
% Change
No. 219 565
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
212 678
1.6% 3% 3% -40% -3% 63%
-1.3% 1.5% 0.7% -19% -3% 20%
$567 $906,306 $886,000 31%
$559 $877,891 $862,500 53%
$575 $892,813 $880,000 39%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
678
604
571
540
521
506
583
565
560
511
449
425
415
281
219
218
171
212
248
217
124
189
165
129
114
115
$890K
$886K
$883K
$880K
$865K
$870K
$863K
$857K
$845K
$850K
$833K
$840K
$840K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
350
71
4+ bdrms
300
204
250
91
200
3 bdrms
346
44%
38%
150
33%
30% 31%
50
100
2 bdrms
127
50
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
16 6 38%
147 49 33%
347 103 30%
131 40 31%
32 14 44%
4 0 n/a
1 0 n/a
Copyright © 2024 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 May 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 45 ●
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