the rennie review - January 2023

surey DETACHED -DECEMBER 202

SALESTO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY Therewere894 detached listingsin Sur eyin D ecem ber, 20% below N ovem berand 84% higherthan D ecem ber 2021. D ecem berdetached hom esalesdecreased by 8% m onth-over-m onth,to122,and were65% below D ecem ber2021. Thesales-to-listing ratio fordetached in Sur ey,at14% , reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,462,500, a8% increasefrom N ovem berand 12% below D ecem ber 2021. Theaveragesold pricewas$1,529,780,4% abovelast m onth and down 14% toD ecem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 14% VS2021

▼ 12% VS2021

▲ 84% VS2021

▼ 65% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 71% 348 487

%Change

%Change

No.

TOTALLISTINGS TOTALSALES

14% 122 894

-14% -12% -81% -65% 84%

4% 8% 15% -8% -20%

12% 133 1,117

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,467,049 $1,350,000

$1,529,780 $1,462,500

$1,769,902 $1,662,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,418

1,488

1,448

1,270

1,202

1,323

1.89

1,285

1,17

1,12

1.641.60 1.64 1.85

1.67

901

894

447

585

487 348

196

353

163

136

133

276

269

122

212

146

135

$1.89M $1.90M $1.83M

$1.75M $1.65M $1.60M

$1.66M

$1.54M $1.42M $1.42M $1.40M

$1.35M $1.46M

Dec-21

Nov-22

Dec-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

250

200

150

48%

38%

38%

100

25%

25%

50

12%

9%

5%

2%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-LRATIO SALES INVENTORY

21 10 48%

4 1 25%

8 3 38%

58 22 38%

129 32 25%

261 31 12%

142 13 9%

122 3 2%

149 7 5%

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