surrey
CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE 9 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % UP
8 % DOWN
93 % UP
SELLER’S 64 %
Condo listings in Surrey decreased to 513 in February, 20% below January and 8% lower vs February 2020. Condo sales, at 326, were up 80% month-over- month and 93% higher year-over-year. The sales-to-listings ratio increased to 64%, reflect- ing seller’s market conditions in Surrey. February’s condo benchmark price of $416,500 was 3% above January and 5% higher vs February 2020. The average sold price was $446,166 at an average PSF sales price of $541 (up 5% and 3%, respectively, from January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 642 181 28%
% Change
No. 558 169 30%
% Change
TOTAL LISTINGS
513 326 64%
-20% 80% 125%
-8% 93%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
110%
$416,500 $403,400 $446,166 $424,564
3% $394,800 5% $395,046
5%
13%
$541
$525
3%
$497
9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$394,800 $405,700 $400,500 $403,000 $400,700 $403,600 $416,500
923
897
746
640
610
558
513
326
240
231
207
179
169
70
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
19
3+ bdrms
BUYER'S MARKET
31
193
2 bdrms
311
114
<2 bdrms
. . . . 0 0 0 0 QD QD QD
171
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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