surrey
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
16 % UP
11 % UP
15 % DOWN
114 % UP
SELLER’S 72 %
Condo listings in Surrey decreased to 516 in March, 5% below February and 15% lower vs March 2020. Condo sales, at 373, were up 14% month-over- month and 114% higher year-over-year. The sales-to-listings ratio increased to 72%, reflect- ing seller’s market conditions in Surrey. March’s condo benchmark price of $426,200 was 2% above February and 6% higher vs March 2020. The average sold price was $467,927 at an average PSF sales price of $569 (both up 5% from February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 543 326 60%
% Change
No. 605 174 29%
% Change
TOTAL LISTINGS
516 373 72%
-5% 14% 20%
-15% 114% 151%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$426,200 $416,500 $467,927 $446,166
2% $402,400 5% $404,671
6%
16% 11%
$569
$541
5%
$514
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$402,400 $399,200 $404,400 $401,800 $402,000 $403,400 $426,200
937
871
832
673
663
605
516
220
205
201
181
174
373
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
14
3+ bdrms
BUYER'S MARKET
27
228
2 bdrms
307
131
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
182
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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