surey TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 5% VS 2022
▼ 3% VS 2022
▼ 21% VS 2022
Therewere605 townhom elistingsin Sur eyin October, 4% aboveSeptem berand 3% lowerthan October2022. O ctobertownhom esalesdecreased by33% m onth-over-m onth,to 114,and were21% below O ctober 2022. Thesales-to-listing ratio fortow nhom esin Sur ey,at 19% ,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$832,500,a 2% decreasefrom Septem berand 5% aboveO ctober 2022. Theaveragesold pricewas$859,508,5% below last m onth;theaveragePSF salepricewas$551,down 2% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 23% 145 621
% Change
No. 29% 171 583
% Change
TOTALLISTINGS TOTALSALES
19% 114 605
-19% -21% -3%
-36% -33% 4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$551 $859,508 $832,500
$563 $907,268 $849,900
-2% -5% -2%
$537 $825,670 $795,000
3% 4% 5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
621
570
605
540
506
583
560
51
428
466
428
415
404
281
222
248
171
218
217
121
189
145
14
140
92
80
$863K $865K $883K $870K $845K $850K $833K
$795K $825K $789K $788K
$792K $830K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
300
25
4+ bdrms
198
250
200
58
3 bdrms
290
150
30%
100
29
2 bdrms
18%
17% 15%
113
10% 13%
50
7%
0
4 2
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
17 3 18%
14 1 7%
136 41 30%
301 50 17%
100 15 15%
29 3 10%
8 1 13%
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