surrey
TOWNHOME FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % UP
12 % UP
51 % DOWN
127 % UP 148 %
At 313, the number of townhome listings in Surrey were 29% lower month-over-month and 51% below this time last year. Townhome sales, at 464, were up 61% vs January and 127% above last February. The sales-to-listings ratio for townhome product in Surrey increased to 148% in February, reflecting seller’s market conditions. The benchmark price in February was $624,300, 4% higher month-over-month and 11% above February of last year. The average sold price was $690,408 (3% above January), while the average PSF sales price was $443 (6% above January).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 438 288 66%
% Change
No. 635 204 32%
% Change
TOTAL LISTINGS
313 464
-29% 61% 125%
-51% 127% 361%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
148%
$624,300 $602,500 $690,408 $670,056
4% $564,000 3% $604,153
11% 14% 12%
$443
$416
6%
$394
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$597,000 $624,300
$564,000 $575,500 $583,600 $586,700 $592,300
836
815
770
659
635
464
417
367
320
267
204
118
313
319
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
110
4+ bdrms
71
SELLER'S MARKET
BALANCED
257
BUYER'S MARKET
3 bdrms
173
97
<3 bdrms
. . . . 0 0 0 0 QD QD
69
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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