the rennie review - January 2022

surey CONDO-DECEMBER 2021

SALESTO LISTINGSRATIO 143% SELLERS'MARKET

▶ MARKETSUMMARY Therewere201condolistingsinSureyinDecember, 40%belowNovemberand69%lowerthanDecember 2020. Decembercondosalesdecreasedby4% month-over-month,to288,andwere24%above December2020. Thesales-to-listingratioforcondosinSurey,at143%, reflectedaselers'market. ThecondomedianpriceinDecemberwas$527,000,a 5%increasefromNovemberand27%aboveDecember 2020. Theaveragesoldpricewas$537,243,5%abovelast month;theaveragePSFsalepricewas$701,up6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 33% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 27% VS2020

▲ 27% VS2020

▼ 69% VS2020

▲ 24% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 36% 232 647

%Change

No. 90% 301 336

%Change

TOTALLISTINGS TOTALSALES

288 201

33% 27% 27% 300% 24% -69%

6% 5% 5% 60% -4% -40%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$701 $537,243 $527,000 143%

$662 $510,937 $500,000

$529 $424,587 $415,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2020 ● DEC 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

647

603

566

630

551

565

523 373

519

437

384

466

336

328

377

293

287

333

288

301

292

232

257

254

201

181

$527K

$500K

$475K

$470K

$465K

$459K

$455K

$450K

$454K

$454K

$440K

$415K

$415K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

200

100%+ 100%+ 100%+

94%

4+bdrms

150

7

3bdrms

100

16

165

50

2bdrms

109

0

116

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

34 32 94%

102 187 183%

53 60 113%

7 8 114%

4 0 n/a

1 0 n/a

0 1 n/a

76

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●

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