surrey
TOWNHOME NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
18 % DOWN
77 % UP
SELLER’S 55 %
At 611, the number of townhome listings in Surrey were 22% lower month-over-month and 18% below this time last year. Townhome sales, at 335, were down 9% vs October but 77% above last November. The sales-to-listings ratio for townhome product in Surrey rose to 55% in November, reflecting seller’s market conditions. The benchmark price in November was $591,300, 0.2% lower month-over-month but 6% above November of last year. The average sold price was $639,946 (0.1% below October), while the average PSF sales price was $399 (1.5% above October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 788 367 47%
% Change
No. 745 189 25%
% Change
TOTAL LISTINGS
611 335 55%
-22% -9% 18%
-18% 77% 116%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$591,300 $592,300 $639,946 $640,813
-0.2% $559,200 -0.1% $588,493
6% 9% 6%
$399
$393
1.5%
$378
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$591,500 $591,300
$559,200 $561,400 $570,500 $578,600 $586,500
869
820
745
691
668
611
588
335
324
310
230
189
149
127
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
87
4+ bdrms
BUYER'S MARKET
176
179
3 bdrms
317
69
<3 bdrms
. . . . 0 0 0 0 QD QD
118
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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