surey DETACHED-JULY 2021
SALESTO LISTINGSRATIO 33% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 26% VS2020
▼ 23% VS2020
▼ 15% VS2020
Therewere1,199detachedlistingsinSureyinJuly,16% belowJuneand23%lowerthanJuly2020. Julydetachedhomesalesdecreasedby9% month-over-month,to396,andwere15%belowJuly 2020. Thesales-to-listingratiofordetachedinSurey,at33%, reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
33% 396 1,199
30% 464 1,550
28% 26% 10% -15% -23%
31% 437 1,422
0.5% 1.4% 7% -9% -16%
ThedetachedmedianpriceinJulywas$1,420,000,a 1.4%increasefromJuneand26%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,545,502,0.5%abovelast monthandup28%toJuly2020.
$1,538,260 $1,400,000
$1,545,502 $1,420,000
$1,211,727 $1,127,785
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,539
1,518
1,550
1,422
1,613
1,606
1,579
1,209
1,196
1.93
1.92
1.87
1,199
834
1.61
1.59
754
631
634
1.45
813 808
558
498
635
464
533
519
396
457
437
400
$1.43M
$1.42M $1.37M
$1.41M
$1.42M
$1.40M
$1.30M
$1.21M
$1.17M
$1.18M
$1.16M
$1.13M
$1.13M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
350
300
93%
250
67%
200
57%
150
35%
31%
100
25%
15%
50
10%
8%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
32 8 25%
3 2 67%
31 11 35%
76 71 93%
268 153 57%
325 101 31%
150 22 15%
124 13 10%
190 15 8%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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