surrey TOWNHOME - MAY 2 0 2 4
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.6% VS 2023
▲ 0.3% VS 2023
▲ 51% VS 2023
▼ 16% VS 2023
There were 766 townhome listings in Surrey in May, 13% above April and 51% higher than May 2023. May townhome sales decreased by 1.4% month-over-month, to 209, and were 16% below May 2023. The sales-to-listing ratio for townhomes in Surrey, at 27%, re'ected a sellers' market. The townhome median price in May was $867,500, a 2% decrease from April and 0.3% above May 2023. The average sold price was $894,119, 1.3% below last month; the average PSF sale price was $568, up 0.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 248 506
% Change
No. 212 679
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
209 766
0.5% 1.6% 0.3% -44% -16% 51%
0.2% -1.3% -2% -13% -1.4% 13%
$568 $894,119 $867,500 27%
$565 $879,983 $865,000 49%
$567 $906,306 $886,000 31%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
766
679
604
583
571
540
521
565
560
506
511
449
425
281
219
248
171
209
124
217
212
189
166
129
115
114
$890K
$886K
$883K
$880K
$865K
$870K
$868K
$857K
$845K
$850K
$833K
$840K
$840K
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
400
58
4+ bdrms
230
300
97
3 bdrms
50%
387
200
33% 31%
30%
28%
54
21%
2 bdrms
100
148
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
21 7 33%
172 53 31%
385 106 28%
146 30 21%
37 11 30%
4 2 50%
1 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 June 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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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