surrey
TOWNHOME - NOVEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
20 % DOWN
0.4 % DOWN
1.0 % DOWN
40 % UP
SELLER’S 28 %
At 678, the number of townhome listings in Surrey was 15% lower month-over-month and 20% below this time last year. Townhome sales, at 189, were down 23% vs October but 40% above last November. The sales-to-listings ratio for townhome product in Surrey decreased to 28% in November, reflecting seller’s market conditions. The benchmark price in November was $559,200, 0.6% below last month and 4% lower vs November 2018. The average sold price was $588,493 (0.5% below October), while the average PSF sales price was $378 (relatively unchanged from October).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 801 246 31%
% Change
No. 845 135 16%
% Change
TOTAL LISTINGS
678 189 28%
-15% -23%
-20% 40% 74% -0.4% -1.0% -4%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-9%
$559,200 $562,800 $588,493 $591,576
-0.6% $580,800 -0.5% $591,029
$378
$377
0.3%
$382
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$580,800 $570,700 $563,300 $566,600 $565,500 $568,300 $559,200
934
913
903
845
794
689
678
238
227
190
189
174
135
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
39
4+ bdrms
BUYER'S MARKET
162
104
3 bdrms
379
46
<3 bdrms
. . . . 0 0 0 0 QD QD QD
137
S-L RATIO SALES INVENTORY
Copyright © 2019 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 December 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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