the rennie review - December 2021

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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