the rennie review - June 2021

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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