surrey
CONDO JULY
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
8 % UP
16 % UP
SELLER’S 26 %
Condo listings in Surrey decreased to 796 in July, 8% above June but 2% lower vs July 2019. Condo sales, at 205, were up 15% month-over- month and 16% higher year-over-year. The sales-to-listings ratio increased to 26%, reflect- ing seller’s market conditions in Surrey. July’s condo benchmark price of $404,400 was 1.0% above June and 5% higher vs July 2019. The average sold price was $427,337 at an average PSF sales price of $514 (up 6% and down 1.9%, respectively, from June).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 737 179 24%
% Change
No. 813 177 22%
% Change
TOTAL LISTINGS
796 205 26%
8%
-2% 16% 18%
TOTAL SALES
15%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
6%
$404,400 $400,500 $427,337 $404,354
1.0% $385,200 6% $394,751 -1.9% $474
5% 8% 8%
$514
$524
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$385,200 $383,800 $385,600 $388,300 $402,400 $399,200 $404,400
813
796
768
672
653
604
497
205
189
178
177
174
137
82
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
BUYER'S MARKET
3+ bdrms
44
124
2 bdrms
480
71
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
272
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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