surrey
CONDO NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
0.4 % DOWN
22 % UP
6 % UP
SELLER’S 25 %
Condo listings in Surrey decreased to 794 in November, 11% below October but 22% higher vs November 2019. Condo sales, at 201, were down 17% month-over- month but 6% higher year-over-year. The sales-to-listings ratio decreased to 25%, reflect- ing seller’s market conditions in Surrey. November’s condo benchmark price of $402,000 was 0.3% above October and 4% higher vs November 2019. The average sold price was $414,627 at an average PSF sales price of $506 (up 0.8% and down 1.4%, respectively, from October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 890 241 27%
% Change
No. 653 189 29%
% Change
TOTAL LISTINGS
794 201 25%
-11% -17%
22%
TOTAL SALES
6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-7%
-13%
$402,000 $400,700 $414,627 $411,540
0.3% $385,600 0.8% $374,790 -1.4% $508
4%
11%
$506
$513
-0.4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$385,600 $388,300 $402,400 $399,200 $404,400 $401,800 $402,000
936
794
832
673
653
605
497
220
205
201
189
174
137
82
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
6
BUYER'S MARKET
3+ bdrms
47
115
2 bdrms
528
80
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
219
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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