surey DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 45% VS2021
▲ 46% VS2021
▼ 28% VS2021
▼ 32% VS2021
Therewere585detachedlistingsinSureyinJanuary, 20%aboveDecemberand28%lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby22% month-over-month,to272,andwere32%belowJanuary 2021. Thesales-to-listingratiofordetachedinSurey,at46%, reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,892,500,a 14%increasefromDecemberand46%aboveJanuary 2021. Theaveragesoldpricewas$2,049,992,16%abovelast monthandup45%toJanuary2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 49% 399 808
%Change
No. 72% 349 487
%Change
TOTALLISTINGS TOTALSALES
46% 272 585
45% 46% -6% -32% -28%
16% 14% -35% -22% 20%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,772,280 $1,664,000
$2,049,992 $1,892,500
$1,417,316 $1,300,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,579
1,422
1,539
1,196
1.99
1.95
1.89
1,199
91
1.73
1,023
1.67
754
808
1.57
698
834
634
782
487
585
634
630
409 400
385
437
399
396
385
272
349
$1.89M
$1.66M
$1.65M
$1.55M
$1.51M
$1.46M
$1.42M $1.37M
$1.43M
$1.42M
$1.41M
$1.40M
$1.30M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
150
93%
100
65%
34%
50
25%
18%
16%
10%
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
19 3 16%
1 0 n/a
2 0 n/a
12 3 25%
68 12 18%
159 148 93%
100 65 65%
77 26 34%
147 15 10%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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