surey CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 0.7% VS 2022
▲ 37% VS 2022
▲ 15% VS 2022
Therewere809 condolistingsin Sur eyin O ctober,8% aboveSeptem berand 37% higherthan October2022. O ctobercondo salesincreased by 1.4% m onth-over-m onth,to 150,and were15% aboveO ctober 2022. Thesales-to-listing ratio forcondosin Sur ey,at19%, reflected abalanced m arket. Thecondom edian pricein Octoberwas$533,750,a1.3% decreasefrom Septem berand 0.7% aboveO ctober2022. Theaveragesold pricewas$545,459,0.9% abovelast m onth;theaveragePSF salepricewas$711,down 3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 22% 130 590
% Change
No. 20% 148 746
% Change
TOTALLISTINGS TOTALSALES
19% 150 809
0.7% -16% 15% 37%
-3% 0.9% -1.3% -7% 1.4% 8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$711 $545,459 $533,750
$734 $540,549 $541,000
$654 $529,566 $530,000
9% 3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
809
746
669
604
576
667
654
590
497
496
485
463 465
260
237
222
205
236
223
104
150
130
148
148
16
87
$558K $555K $537K $545K $541K $534K
$530K $515K
$500K $525K $532K
$480K $508K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
400
4+ bdrms
300
4
3 bdrms
53
50%
200
80
22%
2 bdrms
100
18%
429
14%
10%
0
66
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
44 8 18%
438 98 22%
292 40 14%
30 3 10%
2 1 50%
1 0 n/a
1 0 n/a
1 0 n/a
327
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online