surrey
TOWNHOME JULY
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
15 % DOWN
37 % UP
SELLER’S 39 %
At 790, the number of townhome listings in Surrey were 4% higher month-over-month but 15% below this time last year. Townhome sales, at 310, were up 16% vs June and 37% above last July. The sales-to-listings ratio for townhome product in Surrey increased to 39% in July, reflecting seller’s market conditions. The benchmark price in July was $586,500, increas- ing 0.5% month-over-month and 4% above July of last year. The average sold price was $618,053 (1.4% below June), while the average PSF sales price was $401 (2% above June).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 758 267 35%
% Change
No. 934 227 24%
% Change
TOTAL LISTINGS
790 310 39%
4%
-15% 37% 61%
TOTAL SALES
16% 11%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$586,500 $583,600 $618,053 $626,872
0.5% $565,500 -1.4% $595,433
4% 4% 7%
$401
$393
2%
$375
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$565,500 $568,300 $559,200 $561,400 $570,500 $578,600 $586,500
934
915
790
745
690
667
588
310
230
227
189
174
149
127
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
69
4+ bdrms
BUYER'S MARKET
230
173
3 bdrms
409
68
<3 bdrms
. . . . 0 0 0 0 QD QD QD
151
S-L RATIO SALES INVENTORY
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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