surrey
DETACHED - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
16 % DOWN
-
BALANCED 13 %
3 % DOWN
2 % UP
The 1,990 detached listings in Surrey in July were down 2% month-over-month and 3% lower year-over-year. July’s detached sales (268 homes) were up by 3 vs June and 6 above July 2018. The sales-to-listings ratio was unchanged in July, at 13%, as Surrey’s detached market remained in balanced market conditions. At $1.05M, the benchmark price for detached homes was virtually unchanged from June and 6% below July 2018. The average sold price of $1.03M was 5% lower month-over-month and 16% below July of last year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,990
2,034
-2%
2,046
-3%
TOTAL SALES
268 13%
265 13%
1.1%
262 13%
2% 5%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3%
$1,052,600 $1,057,000 -0.4% $1,121,900
-6%
$1,032,604 $1,090,902
-5% $1,235,434 -16%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.12
$1.09
$1.08
$1.07
$1.06
$1.06
$1.05
2.50
2.47
2.38
2,062
2,034
2,046
1,990
1,879
1.86
1.85
1.85
1,662
1,516
283
268
262
232
201
188
120
Jul-18
Jun-19
Jul-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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