surrey
TOWNHOME SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
10 % DOWN
86 % UP
SELLER’S 39 %
At 824, the number of townhome listings in Surrey were 0.5% higher month-over-month but 10% below this time last year. Townhome sales, at 324, were up 0.9% vs August and 86% above last September. The sales-to-listings ratio for townhome product in Surrey remained at 39% in September, reflecting seller’s market conditions. The benchmark price in September was $591,500, 0.8% higher month-over-month and 4% above September of last year. The average sold price was $627,781 (1.4% below August), while the average PSF sales price was $395 (0.3% below August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 820 321 39%
% Change
No. 915 174 19%
% Change
TOTAL LISTINGS
824 324 39%
0.5% 0.9% 0.4%
-10% 86% 107%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$591,500 $586,700 $627,781 $636,807
0.8% $568,300 -1.4% $586,365 -0.3% $382
4% 7% 3%
$395
$396
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$568,300 $559,200 $561,400 $570,500 $578,600 $586,500 $591,500
915
821
824
745
691
668
588
324
310
230
189
174
149
127
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
77
4+ bdrms
BUYER'S MARKET
234
185
3 bdrms
432
62
<3 bdrms
. . . . 0 0 0 0 QD QD
158
S-L RATIO SALES INVENTORY
Copyright © 2020 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 October 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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