surey TOWNHOME-MARCH 2023
SALES TO LISTINGSRATIO 56% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 15% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 15% VS 2022
▼ 14% VS 2022
▼ 33% VS 2022
▼ 42% VS 2022
Therewere402townhom elistingsin Sur eyin M arch, 6% below Februaryand 33% lowerthan M arch 2022. M arch townhom esalesincreased by60% m onth-over-m onth,to 224,and were42% below M arch 2022. Thesales-to-listing ratio fortow nhom esin Sur ey,at 56% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$830,000,a 5% increasefrom Februaryand 14% below M arch 2022. Theaveragesold pricewas$847,962,4% abovelast m onth;theaveragePSF salepricewas$532,up 3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 65% 388 597
% Change -15% -15% -14% -14% -42% -33%
No. 33% 140 428
% Change
TOTALLISTINGS TOTALSALES
56% 224 402
70% 60% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$532 $847,962 $830,000
$519 $819,042 $791,750
3% 4% 5%
$627 $992,441 $965,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
812
796
692
781
695
690
570
597
621
428
388
466
402
428
228
218
224
167
145
227
121
138
140
131
80 92
$965K $940K
$885K $870K
$853K $805K $820K $795K $825K
$789K $788K $792K $830K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
64
100%+
4+ bdrms
129
80%
150
111
3 bdrms
52%
204
48%
100
40%
48
2 bdrms
20%
50
68
7%
0
1 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
10 2 20%
12 13 108%
91 73 80%
203 98 48%
67 35 52%
14 1 7%
5 2 40%
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