surrey
DETACHED NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
-
44 %
23 % DOWN
109 % UP
The 1,275 detached listings in Surrey in November were down 22% month-over-month and 23% lower year-over-year. November’s detached sales (559 homes) were 7% above October and 109% higher vs November 2019. The sales-to-listings ratio increased in November, to 44%, as Surrey’s detached market remained in seller’s market territory. At $1.16M, the benchmark price for detached homes was 1.3% above October and 10% higher vs November 2019. The average sold price of $1.29M was 2% higher month-over-month and 11% above November of last year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,275
1,633
-22%
1,661
-23% 109% 172%
TOTAL SALES
559 44%
524 32%
7%
268 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
$1,156,800 $1,142,400 1.3% $1,049,800
10% 11%
$1,286,179 $1,255,344
2% $1,160,526
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.16
$1.13
$1.11
$1.09
$1.08
$1.05
$1.05
1.96
1.93
1.88
1,707
1,737
1,661
1.48
1,460
1.47
1,387
1.45
1,275
1,252
559
502
467
335
268
202
146
Nov-19
Oct-20
Nov-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2020 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 December 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
35
Made with FlippingBook - professional solution for displaying marketing and sales documents online