surrey
DETACHED - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % DOWN
-
1.5 % DOWN
BALANCED 13 %
3 % DOWN
The 1,974 detached listings in Surrey in June were down 3% month-over-month and 1.5% lower year-over-year. June’s detached sales (265 homes) were down by 7% vs May and 3% below June 2018. The sales-to-listings ratio slightly decreased in June, to 13%, as Surrey’s detached market remained in balanced market conditions. At $1.06M, the benchmark price for detached homes was virtually unchanged from May and 6% below June 2018. The average sold price of $1.10M was 0.9% lower month-over-month and 7% below June of last year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,974
2,034
-3% -7% -4%
2,005
-1.5%
TOTAL SALES
265 13%
284 14%
274 14%
-3%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-1.8%
$1,057,000 $1,061,400 -0.4% $1,121,500 $1,090,902 $1,100,836 -0.9% $1,173,480
-6% -7%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.12
$1.11
$1.09
$1.07
$1.07
$1.06
$1.06
2.50
2.44
2.37
2,043
2,005
1,987
1,974
1,914
1.87
1.85
1.85
1,575
1,318
274
265
242
230
222
166
138
Jun-18
May-19
Jun-19
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
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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