surey TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 115% SELLERS'MARKET
▶ MARKETSUMMARY Therewere233townhomelistingsinSureyin November,6%belowOctoberand62%lowerthan November2020. Novembertownhomesalesdecreasedby13% month-over-month,to267,andwere21%below November2020. Thesales-to-listingratiofortownhomesinSurey,at 115%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$840,000, a5%increasefromOctoberand35%aboveNovember 2020. Theaveragesoldpricewas$845,328,4%abovelast month;theaveragePSFsalepricewas$552,up9%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 39% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 32% VS2020
▲ 35% VS2020
▼ 62% VS2020
▼ 21% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 55% 339 617
%Change
No. 308 249
%Change
TOTALLISTINGS TOTALSALES
267 233
109% -21% -62%
9% 4% 5% -7% -13% -6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$552 $845,328 $840,000 115%
$508 $810,099 $799,450 124%
$398 $640,646 $621,000
39% 32% 35%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
617
558
519
467
464
414
412
473
459
448
389
420
312
308
303
339
359
267
322
315
295 302
290
233
266
249
$840K
$799K
$785K
$743K
$740K
$731K
$730K
$735K
$725K
$686K
$652K
$633K
$621K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
140
69
100%+ 100%+ 100%+
97%
120
4+bdrms
52
100
71%
138
80
3bdrms
135
50%
60
40
58
2bdrms
42
20
0
2
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
5 0 n/a
21 15 71%
91 88 97%
97 135 139%
16 23 144%
1 4 400%
2 1 50%
0 1 n/a
4
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 39 ●
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