surrey
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
0.0 %
21 % DOWN
22 % UP
SELLER’S 37 %
At 628, the number of townhome listings in Surrey were 1.0% higher month-over-month but 21% below this time last year. Townhome sales, at 232, were up 13% vs February and 22% above last March. The sales-to-listings ratio for townhome product in Surrey increased to 37% in March, reflecting seller’s market conditions. The benchmark price in March was $571,900, increasing 1.1% month-over-month and 1.5% year-over-year. The average sold price was $628,047 (4% higher than February), while the average PSF sales price was $390 (0.8% below February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 622 206 33%
% Change
No. 794 190 24%
% Change
TOTAL LISTINGS
628 232 37%
1.0% 13% 12%
-21% 22% 54% 1.5%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$571,900 $565,500 $628,047 $603,341
1.1% $563,300 4% $595,851 -0.8% $390
5%
$390
$393
0.0%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$563,300 $566,600 $565,500 $568,300 $559,200 $561,100 $571,900
934
903
915
794
745
628
587
238
232
227
190
189
174
149
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
54
4+ bdrms
151
120
3 bdrms
SELLER'S MARKET
349
BALANCED
BUYER'S MARKET
58
<3 bdrms
. . . . 0 0 0 0 QD
128
S-L RATIO SALES INVENTORY
Copyright © 2020 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 April 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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