surrey
TOWNHOME APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
45 % UP
7 % DOWN
7 % DOWN
SELLER’S 27 %
13 % DOWN
At 805, the number of townhome listings in Surrey were 4% above March and 45% higher than in April 2018. Townhome sales, at 221, were up by 16% vs March but 13% below last April. The sales-to-listings ratio for townhome product in Surrey increased to 27% in April, reflecting seller’s market conditions. The benchmark price in April was $567,800, 0.8% above last month but 5% lower than in April 2018. The average sold price was $605,968 (1.7% above March), while the average PSF sales price was $383 (down 1.8% from March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 776 190 24%
% Change
No. 556 253 46%
% Change
TOTAL LISTINGS
805 221 27%
4%
45% -13% -40%
TOTAL SALES
16% 12%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$567,800 $563,300 $605,968 $595,851
0.8% $599,200 1.7% $648,435 -1.8% $410
-5% -7% -7%
$383
$390
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$599,200 $606,400 $596,800 $583,600 $581,700 $560,900 $567,800
896
815
805
758
746
655
556
253
221
227
200
185
139
125
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
47
4+ bdrms
201
SELLER'S MARKET
124
BALANCED
3 bdrms
BUYER'S MARKET
437
50
<3 bdrms
. . . . 0 0 0 0 QD QD
167
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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