surrey
CONDO SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % UP
15 % UP
24 % UP
SELLER’S 25 %
Condo listings in Surrey increased to 882 in September, 0.7% above August and 15% higher vs September 2019. Condo sales, at 220, were up 7% month-over-month and 24% higher year-over-year. The sales-to-listings ratio increased slightly 25%, reflecting seller’s market conditions in Surrey. September’s condo benchmark price of $401,800 was 0.3% below August but 5% higher vs September 2019. The average sold price was $412,096 at an average PSF sales price of $521 (up 0.6% and down 1.0%, respectively, from August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 876 206 24%
% Change
No. 768 178 23%
% Change
TOTAL LISTINGS
882 220 25%
0.7%
15% 24%
TOTAL SALES
7% 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
8% 5% 6% 7%
$401,800 $403,000 $412,096 $409,533
-0.3% $383,800 0.6% $387,906 -1.0% $488
$521
$526
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$404,400 $401,800
$383,800 $385,600 $388,300 $402,400 $399,200
882
829
768
672
653
604
497
220
205
189
178
174
137
82
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
BUYER'S MARKET
3+ bdrms
45
130
2 bdrms
563
87
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
274
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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