surey CONDO-JULY 2021
SALESTO LISTINGSRATIO 46% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 11% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 7% VS2020
▲ 10% VS2020
▼ 32% VS2020
▲ 24% VS2020
Therewere552condolistingsinSureyinJuly,3%below Juneand32%lowerthanJuly2020.
Julycondosalesdecreasedby12%month-over-month,to 256,andwere24%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 25% 206 814
%Change
No. 51% 292 568
%Change
Thesales-to-listingratioforcondosinSurey,at46%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
46% 256 552
11% 7% 10% 83% 24% -32%
1.1% -2% -0.3% -10% -12% -3%
ThecondomedianpriceinJulywas$457,500,a0.3% decreasefromJuneand10%aboveJuly2020. Theaveragesoldpricewas$458,502,2%belowlast month;theaveragePSFsalepricewas$570,down1.1% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$570 $458,502 $457,500
$564 $470,161 $459,000
$514 $427,495 $415,450
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
862
814
907
814
873
630
605
567 568
647
523
552
519 328
385
373
242
232
334
256
292
206
220
206
201
181
$459K
$458K
$455K
$454K
$450K
$440K
$415K
$415K
$415K
$406K
$403K
$400K
$400K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
300
4+bdrms
1
250
8
200
3bdrms
53% 52%
31
150
100
150
2bdrms
304
14%
50
0
98
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
138 73 53%
334 173 52%
71 10 14%
4 0 n/a
3 0 n/a
2 0 n/a
216
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●
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