surrey
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 24 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
39 % UP
-
61 %
9 % DOWN
128 % UP
The 1,257 detached listings in Surrey in March were up 31% month-over-month but 9% lower year-over-year. March’s detached sales (765 homes) were 20% above February and 128% higher vs last year. The sales-to-listings ratio decreased in March, to 61%, as Surrey’s detached market remained in sell- er’s market territory. At $1.34M, the benchmark price for detached homes was 6% above February and 24% higher vs March 2020. The average sold price of $1.58M was 5% higher month-over-month and 39% above March of last year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 956 636 67%
% Change
No.
% Change
TOTAL LISTINGS
1,257
31% 20% -9%
1,386
-9%
TOTAL SALES
765 61%
335 24%
128% 152%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,336,700 $1,261,400 $1,577,307 $1,497,028
6% $1,080,300 5% $1,137,669
24% 39%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.34
2.05
$1.20
2.02
$1.16
$1.13
$1.11
1.89
$1.09
$1.08
1.53
1.50
1.42
1,742
1,709
1,460
1,390
1,386
1,257
950
557
502
466
402
335
765
146
Mar-20
Feb-21
Mar-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2021 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 April 6, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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