the rennie review - July 2023

surey TOWNHOME-JUNE 2023

SALES TO LISTINGSRATIO 55% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 1.5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.8% VS 2022

▲ 1.5% VS 2022

▼ 37% VS 2022

▲ 29% VS 2022

Therewere511townhom elistingsin Sur eyin June, 0.8% aboveM ayand 37% lowerthan June2022. Junetownhom esalesincreased by13% m onth-over-m onth,to281,and were29% aboveJune 2022. Thesales-to-listing ratio fortow nhom esin Sur ey,at 55% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$883,000,a2% increasefrom M ayand 1.5% aboveJune2022. Theaveragesold pricewas$896,280,1.9% abovelast m onth;theaveragePSF salepricewas$562,down 0.6% tolastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 27% 218 812

% Change

No. 49% 248 507

% Change

TOTALLISTINGS TOTALSALES

55% 281 511

-1.5% 1.8% 1.5% 105% 29% -37%

-0.6% 1.9% 2% 12% 13% 0.8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$562 $896,280 $883,000

$565 $879,983 $865,000

$570 $880,798 $870,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 202 ● JUN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

692

695

570

621

507

51

428

466

428

415

404 222

281

218

167

145

248

121

218

138

140

131

92

80

$870K

$853K $805K $820K $795K $825K

$830K $863K $865K $883K

$789K $788K $792K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

250

4+ bdrms

180

200

67%

64%

138

61%

3 bdrms

150

52%

246

50%

40%

35%

100

62

2 bdrms

84

50

0

1 1

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

S-L RATIO SALES INVENTORY

10 5 50%

9 6 67%

118 72 61%

265 138 52%

73 47 64%

26 9 35%

10 4 40%

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