the rennie review - November 2022

surey TOWNHOME-OCTOBER 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere621 townhom elistingsin Sur eyin October, 10% below Septem berand 149% higherthan October 2021. O ctobertownhom esalesincreased by11% m onth-over-m onth,to 145,and were53% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 23% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$795,000,a 3% decreasefrom Septem berand 0.5% below O ctober 2021. Theaveragesold pricewas$825,670,1.6% below last m onth;theaveragePSF salepricewas$537,up 1.9% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.9% VS 2021

▼ 0.5% VS 2021

▲ 149% VS 2021

▼ 53% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 307 249

% Change

No. 19% 131 692

% Change

TOTALLISTINGS TOTALSALES

23% 145 621

6% 1.9% -0.5% -81% -53% 149%

1.9% -1.6% -3% 23% 11% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$508 $810,034 $799,000 123%

$537 $825,670 $795,000

$527 $838,837 $820,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

692

781

597

695

690

621

427

388

307

267

255

228 218

203

249

167

264

233

227

145

184

139

138

131

$970K $999K $965K $940K

$885K $870K

$853K $805K $820K $795K

$840K $880K

$799K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

300

33

4+ bdrms

250

168

200

67

3 bdrms

150

351

40%

38% 37%

100

45

2 bdrms

20%

20%

16%

99

50

6%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

8 3 38%

27 10 37%

151 60 40%

293 48 16%

105 21 20%

32 2 6%

5 1 20%

3

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