surrey
CONDO - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
4 % DOWN
12 % DOWN
50 % UP
SELLER’S 30 %
Condo listings in Surrey decreased to 699 in October, 7% below September and 12% lower vs October 2018. Year-over-year condo sales were up 50% in October (to 208) and were 17% higher month-over-month. The sales-to-listings ratio increased to 30%, reflect- ing seller’s market territory in Surrey. October’s condo benchmark price of $427,500 was 0.6% above September but 6% lower than in October 2018. The average sold price was $383,207 at an average PSF sales price of $503 (down 1.2% and up 3%, respectively, from September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 750 178 24%
% Change
No. 796 139 17%
% Change
TOTAL LISTINGS
699 208 30%
-7% 17% 25%
-12% 50% 70%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$427,500 $424,800 $383,207 $387,906
0.6% $454,400 -1.2% $396,472
-6% -3% -4%
$503
$488
3%
$523
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$454,400 $438,500 $430,900 $438,200 $423,600 $426,400 $427,500
849
834
796
768
728
699
628
208
175
152
143
139
137
89
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
39
119
2 bdrms
409
84
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
251
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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