surrey TOWNHOME - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2022
▲ 4% VS 2022
▲ 31% VS 2022
▼ 16% VS 2022
There were 581 townhome listings in Surrey in September, 4% above August and 16% lower than September 2022. September townhome sales decreased by 10% month-over-month, to 171, and were 31% above September 2022. The sales-to-listing ratio for townhomes in Surrey, at 29%, reflected a sellers' market. The townhome median price in September was $849,900, a 0.6% increase from August and 4% above September 2022. The average sold price was $907,268, 5% above last month; the average PSF sale price was $563, up 1.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 131 692
% Change
No. 189 560
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
171 581
55% 31% -16%
1.6% 5% 0.6% -13% -10% 4%
$563 $907,268 $849,900 29%
$527 $838,837 $820,000 19%
$554 $861,184 $845,000 34%
7% 8% 4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
692
570
540
621
581
506
560
428
511
466
428
415
404
281
222
248
145
218
217
171
121
189
131
140
92
80
$883K
$870K
$863K
$865K
$850K
$845K
$825K
$830K
$820K
$795K
$792K
$789K
$788K
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
300
37
250
4+ bdrms
192
86%
200
100
3 bdrms
150
268
44%
42%
33%
100
26%
34
2 bdrms
17%
114
50
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
7
S-L RATIO SALES INVENTORY
15 0 n/a
15 5 33%
132 58 44%
278 73 26%
108 18 17%
26 11 42%
7 6 86%
Copyright © October 10, 2023 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 October 10, 2023. 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. 45 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online