surrey TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2022
▲ 6% VS 2022
▲ 45% VS 2022
▼ 9% VS 2022
There were 425 townhome listings in Surrey in December, 26% below November and 9% lower than December 2022. December townhome sales decreased by 6% month-over-month, to 116, and were 45% above December 2022. The sales-to-listing ratio for townhomes in Surrey, at 27%, reflected a sellers' market. The townhome median price in December was $840,000, a 0.1% increase from November and 6% above December 2022. The average sold price was $840,644, 1.7% below last month; the average PSF sale price was $546, up 1.7% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 124 571
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
116 425
$506 $781,732 $789,000 17% 80 466
59% 45% -9%
1.7% -1.7% 0.1% 26% -6% -26%
$546 $840,644 $840,000 27%
$537 $855,351 $839,500 22%
8% 8% 6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
571
540
604
583
506
560
511
466
428
428
425
415
404
281
222
248
171
218
217
124
189
116
140
80
114
92
$883K
$870K
$863K
$865K
$850K
$845K
$840K
$840K
$830K
$833K
$792K
$789K
$788K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
200
29
4+ bdrms
137
150
62
3 bdrms
210
100
42%
29%
29%
25
2 bdrms
18%
50
77
13% 12%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
11 2 18%
14 4 29%
89 37 42%
210 61 29%
69 9 13%
26 3 12%
6 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 45 ●
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