surey CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 10% VS 2021
▲ 12% VS 2021
▲ 56% VS 2021
▼ 49% VS 2021
Therewere590 condolistingsin Sur eyin O ctober,1.9% aboveSeptem berand 56% higherthan October2021.
O ctobercondosalesdecreased by5% m onth-over-m onth, to130,and were49% below October2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 68% 257 377
% Change
No. 24% 137 579
% Change
Thesales-to-listing ratio forcondosin Sur ey,at22%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
22% 130 590
4% 10% 12% -68% -49% 56%
-7% -5% 1.9%
Thecondom edian pricein Octoberwas$530,000,a5% increasefrom Septem berand 12% aboveO ctober2021. Theaveragesold pricewas$529,566,3% abovelast m onth;theaveragePSF salepricewas$654,down 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$654 $529,566 $530,000
$684 $514,587 $507,000
-4% 3% 5%
$628 $481,210 $475,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
590
622
618 619
580
579
436 495
368
377
336
377
288
301
257
216
209
274
265
168
221
201 217
130
165
137
$562K $575K $570K $590K
$545K $540K $535K $515K $507K $530K
$500K $527K
$475K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
350
300
4+ bdrms
3
250
4
200
3 bdrms
29
150
32%
31%
100
75
25%
2 bdrms
14%
318
50
0
51
<$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
47 15 32%
338 84 25%
189 27 14%
13 4 31%
2 0 n/a
1 0 n/a
240
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