surrey
TOWNHOME - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % DOWN
0.3 % UP
3 % DOWN
33 % UP
SELLER’S 32 %
At 769, the number of townhome listings in Surrey was 14% lower both month-over-month and year-over-year. Townhome sales, at 246, were up 41% vs September and 33% above last October. The sales-to-listings ratio for townhome product in Surrey increased to 32% in October, reflecting seller’s market conditions. The benchmark price in October was $562,800, 1.0% below last month and 4% lower vs October 2018. The average sold price was $591,576 (0.9% above September), while the average PSF sales price was $377 (down 1.3% from September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 894 174 19%
% Change
No. 891 185 21%
% Change
TOTAL LISTINGS
769 246 32%
-14% 41% 64%
-14% 33% 54%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$562,800 $568,300 $591,576 $586,365
-1.0% $583,600 0.9% $590,012 -1.3% $388
-4%
0.3%
$377
$382
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$583,600 $581,700 $560,900 $567,800 $571,400 $567,800 $562,800
925
911
891
849
769
743
650
246
221
195
185
183
138
125
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
61
4+ bdrms
BUYER'S MARKET
179
127
3 bdrms
430
58
<3 bdrms
. . . . 0 0 0 0 QD QD QD
160
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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