the rennie review - January 2023

surey TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 17% BALANCEDM ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 14% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 11% VS2021

▼ 10% VS2021

▲ 235% VS2021

▼ 69% VS2021

Therewere466townhom elistingsin Sur eyin D ecem ber,18% below N ovem berand 235% higherthan D ecem ber2021. D ecem bertownhom esalesdecreased by34% m onth-over-m onth,to80,and were69% below D ecem ber2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 17% ,reflected abalanced m arket. Thetownhom em edian pricein D ecem berwas$789,000, a4% decreasefrom N ovem berand 10% below D ecem ber 2021. Theaveragesold pricewas$781,732,8% below last m onth;theaveragePSF salepricewas$506,down 4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 255 139

%Change -14% -11% -10% -91% -69% 235%

No. 21% 121 570

%Change

TOTALLISTINGS TOTALSALES

$506 $781,732 $789,000 17% 80 466

-19% -34% -18%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$585 $877,518 $880,000 183%

$526 $846,576 $825,000

-4% -8% -4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

692

781

597

695

690

570

621

427

466

388

228

218

255

203

167

264

145

227

121

139

184

138

131

80

$970K $999K $965K $940K

$885K $870K $853K

$880K

$805K $820K $795K $825K $789K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

20

200

4+bdrms

138

150

39

3bdrms

252

100

43%

28%

21

50

2bdrms

75

14%

8% 6%

7%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2bdrms

S-LRATIO SALES INVENTORY

14 1 7%

23 10 43%

117 33 28%

214 29 14%

78 6 8%

18 1 6%

2 0 n/a

1

Copyright© January4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary4,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 42 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online