surrey
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % DOWN
-
10 % UP
24 % DOWN
BALANCED 13 %
The 1,846 detached listings in Surrey in April were up 13% compared to March and 10% above April 2018. April’s detached sales (242 homes) were up by 4% month-over-month but 24% below April 2018. The sales-to-listings ratio dipped in April, to 13%, as Surrey’s detached market remained in balanced market conditions. At $1.06M, the benchmark price for detached homes was virtually unchanged from March and 5% below April 2018. The average sold price of $1.11M was 0.5% higher month-over-month but 9% below April 2018.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,846
1,640
13%
1,681
10% -24% -31%
TOTAL SALES
242 13%
233 14%
4%
318 19%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-8%
$1,062,600 $1,065,400 -0.3% $1,117,500 $1,109,312 $1,103,949 0.5% $1,212,736
-5% -9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.12
$1.12
$1.11
$1.09
$1.07
$1.07
$1.06
2.43
2.42
2.40
2,004
2,042
1,985
1.89
1.87
1.86
1,846
1,681
1,571
1,317
318
275
242
230
222
167
138
Apr-18
Mar-19
Apr-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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