the rennie review - April 2023

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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