surey CONDO -MAY 2023
SALES TO LISTINGSRATIO 39% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 2% VS 2022
▼ 3% VS 2022
▲ 7% VS 2022
Therewere603condolistingsin Sur eyin M ay,22% aboveApriland 3% lowerthan M ay2022.
M aycondosalesdecreased by0.4% m onth-over-m onth, to236,and were7% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 36% 221 622
% Change
No. 48% 237 496
% Change
Thesales-to-listing ratio forcondosin Sur ey,at39%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
39% 236 603
1.9% 4% 2% 10% 7% -3%
4% 6% 5% -18% -0.4% 22%
Thecondom edian pricein M aywas$557,950,a5% increasefrom Apriland 2% aboveM ay2022. Theaveragesold pricewas$562,815,6% abovelast m onth;theaveragePSF salepricewas$720,up 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$720 $562,815 $557,950
$692 $531,449 $532,000
$706 $542,382 $545,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
590
622
576
603
618 619
580 579
497
496
485
463
465
237
222
209
236
221
168
130
104
165
148
136
16
87
$545K
$540K $535K $515K $506K
$530K $515K
$525K $532K $558K
$480K $508K $500K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
350
1 1
300
4+ bdrms
250
18
200
3 bdrms
27
150
43%
38% 39%
100
127
2 bdrms
19%
312
50
0
90
<$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 9 19%
339 147 43%
189 71 38%
23 9 39%
3 0 n/a
1 0 n/a
1 0 n/a
263
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