surrey TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 62% VS 2023
▼ 1.9% VS 2023
▼ 4% VS 2023
▼ 32% VS 2023
There were 828 townhome listings in Surrey in June, 8% above May and 62% higher than June 2023. June townhome sales decreased by 8% month-over-month, to 192, and were 32% below June 2023. The sales-to-listing ratio for townhomes in Surrey, at 23%, reflected a sellers' market. The townhome median price in June was $845,000, a 3% decrease from May and 4% below June 2023. The average sold price was $878,977, 1.7% below last month; the average PSF sale price was $555, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 281 511
% Change
No. 209 766
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
192 828
-1.2% -1.9% -4% -58% -32% 62%
-2% -1.7% -3% -15% -8% 8%
$555 $878,977 $845,000 23%
$562 $896,280 $883,000 55%
$568 $894,119 $867,500 27%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
828
766
679
604
571
540
521
583
565
511
560
449
425
281
219
209
171
192
124
217
211
189
166
129
115
114
$890K
$886K
$883K
$880K
$870K
$868K
$857K
$845K
$850K
$845K
$833K
$840K
$840K
SURREY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
48
4+ bdrms
257
300
94
3 bdrms
423
200
29%
25%
50
21%
20%
2 bdrms
100
15% 15%
142
11%
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
6
S-L RATIO SALES INVENTORY
29 6 21%
184 54 29%
409 101 25%
146 22 15%
46 7 15%
9 1 11%
5 1 20%
Copyright © 2024 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 July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 45 ●
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