surrey
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 1.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
27 % DOWN
1.6 % UP
5 % UP
SELLER’S 31 %
Condo listings in Surrey increased to 570 in March, 4% above February but 27% lower vs March 2019. Condo sales were up 3% month-over-month in March (to 174) and 5% higher year-over-year. The sales-to-listings ratio remained at 31%, reflect- ing seller’s market conditions in Surrey. March’s condo benchmark price of $445,100 was 1.9% above February and 1.4% higher vs March 2019. The average sold price was $404,671 at an average PSF sales price of $514 (up 2% and 3%, respectively, from February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 548 169 31%
% Change
No. 782 166 21%
% Change
TOTAL LISTINGS
570 174 31%
4% 3%
-27%
TOTAL SALES
5%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-1.0%
44% 1.4% 1.6%
$445,100 $436,700 $404,671 $395,046
1.9% $438,900 2% $398,227
$514
$497
3%
$495
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$438,900 $434,200 $426,400 $424,800 $426,700 $429,700 $445,100
853
813
782
768
653
570
497
191
189
178
177
174
166
137
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
6
BUYER'S MARKET
3+ bdrms
33
99
2 bdrms
358
69
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
179
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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