surey DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 40% VS2020
▲ 40% VS2020
▼ 42% VS2020
▼ 31% VS2020
Therewere698detachedlistingsinSureyinNovember, 11%belowOctoberand42%lowerthanNovember2020. Novemberdetachedhomesalesremainedthesame month-over-month,at385,andwere31%below November2020. Thesales-to-listingratiofordetachedinSurey,at55%, reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,651,000,a7%increasefromOctoberand40%above November2020. Theaveragesoldpricewas$1,794,148,4%abovelast monthandup40%toNovember2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 49% 385 782
%Change
TOTALLISTINGS TOTALSALES
55% 385 698
46% 558 1,209
40% 40% 20% -31% -42%
4% 7% 12% 0% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,729,001 $1,550,000
$1,794,148 $1,651,000
$1,285,782 $1,179,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,579
1,422
1,539
1,209
1,196
1.97
1.94
1.90
1,199
91
1.68
1.68
1,023
813
754
1.55
834
634
808
698
782
532
558
634
630
409 400
385
437
400
396
385
$1.65M
$1.55M
$1.51M
$1.46M
$1.42M $1.37M
$1.43M
$1.42M
$1.41M
$1.40M
$1.30M
$1.21M
$1.18M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
200
100%+
100%
91%
150
72%
100
50%
49%
31%
50
20%
12%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
24 12 50%
5 1 20%
5 7 140%
21 21 100%
106 76 72%
194 177 91%
92 45 49%
84 26 31%
167 20 12%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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