surey TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 33% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 20% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 19% VS 2022
▼ 21% VS 2022
▲ 0.5% VS 2022
▼ 47% VS 2022
Therewere429 townhom elistingsin Sur eyin February, 0.2% aboveJanuaryand 0.5% higherthan February2022. Februarytownhom esalesincreased by52% m onth-over-m onth,to 140,and were47% below February2022. Thesales-to-listing ratio fortow nhom esin Sur ey,at 33% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas$791,750,a 0.5% increasefrom Januaryand 21% below February 2022. Theaveragesold pricewas$819,042,1.7% abovelast m onth;theaveragePSF salepricewas$519,up 3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 62% 264 427
% Change -20% -19% -21% -47% -47% 0.5%
No.
% Change
TOTALLISTINGS TOTALSALES
33% 140 429
$503 $805,652 $787,500 21% 92 428
3% 1.7% 0.5% 52% 52% 0.2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$519 $819,042 $791,750
$651 $1,008,660 $999,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
812
796
692
781
597
695
690
570
621
388
429
466
427
428
228
218
167
264
145
227
121
140
138
131
92
80
$999K $965K $940K
$885K $870K $853K
$805K $820K $795K $825K $789K $788K $792K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
30
4+ bdrms
127
150
65%
72
3 bdrms
100
229
50%
33%
28%
37
50
2 bdrms
18%
15%
71
0
2 1
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
13 0 n/a
17 11 65%
121 61 50%
190 54 28%
74 11 15%
11 2 18%
3 1 33%
Copyright© March2,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch2,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 42 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online