surrey TOWNHOME - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.0% VS 2022
▲ 1.8% VS 2022
▲ 0.4% VS 2022
▲ 2% VS 2022
There were 572 townhome listings in Surrey in November, 5% below October and 0.4% higher than November 2022. November townhome sales increased by 9% month-over-month, to 124, and were 2% above November 2022. The sales-to-listing ratio for townhomes in Surrey, at 22%, reflected a sellers' market. The townhome median price in November was $839,500, a 0.8% increase from October and 1.8% above November 2022. The average sold price was $855,351, 0.5% below last month; the average PSF sale price was $537, down 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 121 570
% Change
No. 114 605
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
124 572
2% 1% 1.8% 2% 2% 0.4%
-3% -0.5% 0.8% 15% 9% -5%
$537 $855,351 $839,500 22%
$526 $846,576 $825,000 21%
$551 $859,508 $832,500 19%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
570
540
572
605
506
583
560
511
428
466
428
415
404
281
222
248
171
218
217
189
124
121
140
114
92
80
$883K
$870K
$863K
$865K
$850K
$845K
$840K
$825K
$830K
$833K
$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
35
4+ bdrms
250
178
200
52
3 bdrms
289
150
40%
36%
33%
31%
100
34
24%
2 bdrms
17%
104
50
9%
0
3
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
15 6 40%
11 4 36%
131 40 31%
289 48 17%
87 21 24%
33 3 9%
6 2 33%
Copyright © 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 December 11, 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 ●
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