surey CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 13% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 13% VS 2022
▲ 35% VS 2022
▼ 44% VS 2022
Therewere496 condolistingsin Sur eyin February,7% aboveJanuaryand 35% higherthan February2022. February condo salesincreased by 70% m onth-over-m onth,to 148,and were44% below February2022. Thesales-to-listing ratio forcondosin Sur ey,at30%, reflected aselers'm arket. Thecondom edian pricein Februarywas$499,900,a 1.6% decreasefrom Januaryand 13% below February 2022. Theaveragesold pricewas$519,577,1.7% below last m onth;theaveragePSF salepricewas$661,down 0.8% tolastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 72% 265 368
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
30% 148 496
-13% -10% -13% -59% -44% 35%
$666 $528,378 $508,000 19% 87 465
59% 70% 7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$661 $519,577 $499,900
-0.8% -1.7% -1.6%
$758 $577,722 $575,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
590
576
622
618 619
580
579
496
436
495
463
465
368
377
209
274
265
168
221
130
148
104
165
136
16
87
$575K $570K $590K
$545K $540K $535K $515K $506K
$530K $515K
$480K $508K $500K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
300
4+ bdrms
250
2
200
5
3 bdrms
150
26
36%
100
32%
79
2 bdrms
19% 18%
265
50
0
64
<$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
47 15 32%
290 103 36%
146 28 19%
11 2 18%
1 0 n/a
1 0 n/a
203
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