surrey
TOWNHOME - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
3 % DOWN
11 % UP
5 % UP
SELLER’S 26 %
At 884, the number of townhome listings in Surrey were 3% below June but 11% higher than in July 2018. Townhome sales, at 228, were up by 17% vs June and 5% above last July. The sales-to-listings ratio for townhome product in Surrey increased to 26% in July, reflecting seller’s market conditions. The benchmark price in July was $565,500, 1.0% below last month and 7% lower than in July 2018. The average sold price was $596,530 (0.5% below- June), while the average PSF sales price was $376 (down 1.6% from June).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 909 195 21%
% Change
No. 797 218 27%
% Change
TOTAL LISTINGS
884 228 26%
-3% 17% 20%
11%
TOTAL SALES
5%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-6% -7% -3% -7%
$565,500 $571,400 $596,530 $599,404
-1.0% $605,400 -0.5% $616,879 -1.6% $404
$376
$382
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$605,400 $596,100 $580,800 $570,700 $563,300 $566,600 $565,500
903
875
884
845
797
794
689
238
228
218
190
168
135
105
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
50
4+ bdrms
BUYER'S MARKET
216
130
3 bdrms
468
48
<3 bdrms
. . . . 0 0 0 0 QD QD QD
200
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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