surey DETACHED-MAY 2021
SALESTO LISTINGSRATIO 41% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 36% VS2020
▲ 33% VS2020
▲ 17% VS2020
▲ 343% VS2020
Therewere1,538detachedlistingsinSureyinMay,3% belowApriland17%higherthanMay2020. Maydetachedhomesalesdecreasedby0.2% month-over-month,to634,andwere343%aboveMay 2020. Thesales-to-listingratiofordetachedinSurey,at41%, reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
41% 634 1,538
11% 143 1,316
279% 343% 17%
40% 635 1,578
-3% -1.3% 2% -0.2% -3%
ThedetachedmedianpriceinMaywas$1,407,500,a 1.3%decreasefromApriland33%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,531,225,3%belowlast monthanddown36%toMay2020.
$1,579,120 $1,426,000
$1,531,225 $1,407,500
$1,129,208 $1,060,000
36% 33%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,534
1,518
1,538
1,613
1,606
1,578
1,550
1,209
1,196
1.93
1.92
1,316
1.79
1.65
834 632
1.61
755
1.46
813 808
558
634
498
464
635
533
519
31
457
400
143
$1.43M
$1.42M $1.37M
$1.41M
$1.30M
$1.21M
$1.17M
$1.18M
$1.16M
$1.13M
$1.13M
$1.07M
$1.06M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
400
86%
300
70%
62%
200
42%
29%
27%
25%
100
12%
9%
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
22 19 86%
4 1 25%
69 20 29%
171 119 70%
354 219 62%
412 172 42%
186 50 27%
146 18 12%
174 16 9%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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