surrey
CONDO - NOVEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % DOWN
23 % DOWN
34 % UP
SELLER’S 31 %
Condo listings in Surrey decreased to 609 in November, 16% below October and 23% lower vs November 2018. Year-over-year condo sales were up 34% in November (to 189) but were 9% lower month-over-month. The sales-to-listings ratio increased to 31%, reflect- ing seller’s market territory in Surrey. November’s condo benchmark price of $426,700 was relatively unchanged from October and 3% lower than in November 2018. The average sold price was $374,714 at an average PSF sales price of $508 (down 2% and up 1.0%, respectively, from October).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 726 208 29%
% Change
No. 787 141 18%
% Change
TOTAL LISTINGS
609 189 31%
-16%
-23% 34% 73%
TOTAL SALES
-9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8%
$426,700 $427,500 $374,714 $383,198
-0.2% $441,800 -2% $392,399
-3% -5%
$508
$503
1.0%
$494
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$441,800 $428,600 $438,900 $434,200 $426,400 $424,800 $426,700
853
813
787
782
767
656
609
191
189
178
177
166
141
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
5
BUYER'S MARKET
3+ bdrms
33
91
2 bdrms
364
93
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
212
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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