surrey
DETACHED FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 19 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % UP
-
SELLER’S 70 %
33 % DOWN
119 % UP
The 904 detached listings in Surrey in February were down 1.7% month-over-month and 33% lower year-over-year. February’s detached sales (636 homes) were 58% above January and 119% higher vs last year. The sales-to-listings ratio increased in February, to 70%, as Surrey’s detached market remained in seller’s market territory. At $1.26M, the benchmark price for detached homes was 5% above January and 19% higher vs February 2020. The average sold price of $1.50M was 6% higher month-over-month and 30% above February of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 920 402 44%
% Change
No.
% Change
TOTAL LISTINGS
904 636 70%
-1.7% 1,356
-33% 119% 228%
TOTAL SALES
58% 61%
291 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,261,400 $1,198,900 $1,497,138 $1,415,393
5% $1,061,000 6% $1,147,239
19% 30%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.26
$1.17
$1.14
2.02
$1.12
1.99
$1.09
$1.09
$1.06
1.88
1,765
1,675
1,641
1.50
1.49
1.43
1,336
1,356
890
904
524
463
311
291
636
141
533
Feb-20
Jan-21
Feb-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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