the rennie review - September 2022

surey TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2021

▲ 9% VS 2021

▲ 123% VS 2021

▼ 45% VS 2021

Therewere695townhom elistingsin Sur eyin August, 13% below Julyand 123% higherthan August2021. Augusttownhom esalesincreased by20% m onth-over-m onth,to167,and were45% below August 2021. Thesales-to-listing ratio fortow nhom esin Sur ey,at 24% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$805,000,a 5% decreasefrom Julyand 9% aboveAugust2021. Theaveragesold pricewas$838,245,5% below last m onth;theaveragePSF salepricewas$522,down 5% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 97% 302 312

% Change

No. 17% 139 796

% Change

TOTALLISTINGS TOTALSALES

24% 167 695

-75% -45% 123%

38% 20% -13%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$522 $838,245 $805,000

$550 $879,260 $850,000

-5% -5% -5%

$490 $750,865 $740,000

7% 12% 9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

812

796

781

695

597

690

427

388

307

302

303

267

312

255

228

219

203

266

264

249

233

227

167

184

139

139

$970K $999K $965K

$940K $885K

$870K $850K $805K

$840K $880K

$740K $785K $799K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

350

34

4+ bdrms

300

191

250

91

200

3 bdrms

390

46%

150

33%

42

26%

100

2 bdrms

19%

14% 12%

114

11%

50

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

6 2 33%

23 6 26%

156 72 46%

356 66 19%

111 16 14%

34 4 12%

9 1 11%

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