surrey
TOWNHOME - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.6 % DOWN
7 % DOWN
14 % DOWN
16 % UP
SELLER’S 22 %
At 880, the number of townhome listings in Surrey were 1.1% below May but 16% higher than in June 2018. Townhome sales, at 195, were down by 18% vs May and 14% below last June. The sales-to-listings ratio for townhome product in Surrey decreased to 22% in June, reflecting seller’s market conditions. The benchmark price in June was $571,400, 0.8% above last month but 6% lower than in June 2018. The average sold price was $599,404 (virtually unchanged from May), while the average PSF sales price was $382 (down 1.0% from May).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 890 238 27%
% Change
No. 758 227 30%
% Change
TOTAL LISTINGS
880 195 22%
-1.1% -18% -17%
16% -14% -26%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$571,400 $566,600 $599,404 $599,810
0.8% $606,400 -0.1% $609,078 -1.0% $412
-6%
-1.6%
$382
$386
-7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$606,400 $596,800 $583,600 $581,700 $560,900 $567,800 $571,400
896
880
853
815
758
747
655
227
221
195
200
185
139
125
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
40
4+ bdrms
BUYER'S MARKET
219
112
3 bdrms
476
43
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
185
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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