surey CONDO -MARCH 2023
SALES TO LISTINGSRATIO 46% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 8% VS 2022
▲ 12% VS 2022
▼ 41% VS 2022
Therewere487 condolistingsin Sur eyin M arch,2% below Februaryand 12% higherthan M arch 2022.
M arch condosalesincreased by50% m onth-over-m onth, to222,and were41% below M arch 2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 86% 377 436
% Change
No. 30% 148 497
% Change
Thesales-to-listing ratio forcondosin Sur ey,at46%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
46% 222 487
-47% -41% 12%
53% 50% -2%
Thecondom edian pricein M arch was$524,750,a5% increasefrom Februaryand 8% below M arch 2022. Theaveragesold pricewas$536,501,3% abovelast m onth;theaveragePSF salepricewas$686,up 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$686 $536,501 $524,750
$661 $519,610 $499,900
4% 3% 5%
$750 $577,747 $570,000
-9% -7% -8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
590
576
622
618
619
580
579
497
487
495
377 436
463
465
209
274
222
168
221
130
104
165
148
136
16
87
$570K $590K
$545K $540K $535K $515K
$515K $480K
$508K $500K $525K
$506K $530K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
300
1
250
4+ bdrms
200
10
3 bdrms
150
30
49% 51%
36%
100
33%
124
2 bdrms
250
50
0
87
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
41 20 49%
279 142 51%
152 55 36%
15 5 33%
207
Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 43 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online