surey CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 90% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 31% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 25% VS2020
▼ 59% VS2020
▲ 50% VS2020
Therewere336condolistingsinSureyinNovember, 11%belowOctoberand59%lowerthanNovember2020. Novembercondosalesincreasedby17% month-over-month,to301,andwere50%above November2020. Thesales-to-listingratioforcondosinSurey,at90%, reflectedaselers'market. ThecondomedianpriceinNovemberwas$500,000,a 5%increasefromOctoberand25%aboveNovember 2020. Theaveragesoldpricewas$510,937,6%abovelast month;theaveragePSFsalepricewas$662,up5%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 25% 201 814
%Change
No. 68% 257 377
%Change
TOTALLISTINGS TOTALSALES
90% 301 336
31% 24% 25% 263% 50% -59%
31% 17% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$662 $510,937 $500,000
$628 $481,210 $475,000
5% 6% 5%
$506 $413,664 $400,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
814
630
603
566
551
647
565 384
437
519 523
287 466
328
293
336
377
373
232
333
301
292
257
201
254
181
$500K
$475K
$470K
$465K
$459K
$455K
$454K
$454K
$450K
$440K
$415K
$415K
$400K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
100%
4+bdrms
92% 94%
90%
150
17 17
3bdrms
100
167
50
2bdrms
15%
190
0
117
<$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
59 54 92%
198 187 94%
63 57 90%
13 2 15%
1 1 100%
1 0 n/a
1 0 n/a
129
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●
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