the rennie review - August 2019

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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