surrey
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % DOWN
SELLER’S 21 %
92 % UP
7 % DOWN
9 % DOWN
Condo listings in Surrey increased to 816 in April 2019, 6% above March and 92% higher than in April 2018. Year-over-year condo sales were down 30% in April (to 174) but were 4% higher month-over-month. The sales-to-listings ratio dipped to 21%, as Surrey’s condo market remained favourable to sellers. April’s condo benchmark price of $438,200 was virtually unchanged from March and was 6% lower than in April 2018. The average sold price was $396,475 at an average PSF sales price of $490 (virtually unchanged and down 1.0%, respectively, from March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 770 167 22%
% Change
No. 424 249 59%
% Change
TOTAL LISTINGS
816 174 21%
6% 4%
92% -30% -64%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-1.7%
$438,200 $438,900 $396,475 $397,659
-0.2% $466,100 -0.3% $428,010 -1.0% $540
-6% -7% -9%
$490
$495
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$466,100 $473,900 $465,400 $454,400 $438,500 $430,900 $438,200
816
802
734
671
634
570
424
249
193
174
179
137
139
89
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
35
93
2 bdrms
499
76
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
282
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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