surrey
DETACHED JULY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
17 % UP
-
29 %
22 % DOWN
74 % UP
The 1,624 detached listings in Surrey in July were up 0.4% month-over-month but 22% lower year-over-year. July’s detached sales (467 homes) were 50% above June and 74% higher vs July 2019. The sales-to-listings ratio increased in July, to 29%, as Surrey’s detached market transitioned to seller’s market territory. At $1.11M, the benchmark price for detached homes was 1.5% above June and 5% higher vs July 2019. The average sold price of $1.21M was 1.5% higher month-over-month and 17% above July of last year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,624
1,617
0.4% 50% 49%
2,090
-22% 74% 124%
TOTAL SALES
467 29%
312 19%
268 13%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,105,900 $1,089,500 1.5% $1,052,600 $1,210,307 $1,191,981 1.5% $1,032,604
5%
17%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.11
$1.09
$1.08
$1.05
$1.05
$1.05
$1.05
1.89
1.87
1.86
2,090
1,960
1.47
1.46
1.45
1,661
1,624
1,459
1,386
1,251
467
335
301
268
268
203
146
Jul-19
Jun-20
Jul-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2020 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 August 7, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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