surrey
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
17 % UP
18 % UP
38 % DOWN
103 % UP 112 %
At 418, the number of townhome listings in Surrey were 26% higher month-over-month but 38% below this time last year. Townhome sales, at 468, were up 0.9% vs February and 103% above last March. The sales-to-listings ratio for townhome product in Surrey decreased to 112% in March, reflecting seller’s market conditions. The benchmark price in March was $652,300, 4% higher month-over-month and 14% above March of last year. The average sold price was $736,493 (7% above February), while the average PSF sales price was $462 (4% above February).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 333 464
% Change
No. 670 230 34%
% Change
TOTAL LISTINGS
418 468
26% 0.9% -20%
-38% 103% 226%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
112%
139%
$652,300 $624,300 $736,493 $690,408
4% $570,500 7% $630,052
14% 17% 18%
$462
$443
4%
$392
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$652,300
$602,500
$570,500 $578,600 $586,500 $591,500 $591,300
872
823
693
670
671
468
448
335
324
310
230
418
127
288
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
120
4+ bdrms
92
261
3 bdrms
SELLER'S MARKET
235
BALANCED
BUYER'S MARKET
91 87
<3 bdrms
. . . . 0 0 0 0
S-L RATIO SALES INVENTORY
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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