the rennie review - May 2021

surey DETACHED-APRIL 2021

SALESTO LISTINGSRATIO 40% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 26% VS2020

▲ 31% VS2020

▲ 33% VS2020

▲ 347% VS2020

Therewere1,577detachedlistingsinSureyinApril, 32%aboveMarchand33%higherthanApril2020. Aprildetachedhomesalesdecreasedby16% month-over-month,to635,andwere347%aboveApril 2020. Thesales-to-listingratiofordetachedinSurey,at40%, reflectedaseler'smarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

40% 635 1,577

12% 142 1,182

235% 347% 33%

63% 757 1,196

0% 0.8% -36% -16% 32%

ThedetachedmedianpriceinAprilwas$1,426,000,a 0.8%increasefromMarchand31%aboveApril2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$1,579,120,0.0%abovelast monthandup26%toApril2020.

$1,578,475 $1,415,000

$1,579,120 $1,426,000

$1,251,334 $1,090,000

26% 31%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,534

1,518

1,577

1,613

1,606

1,550

1,209

1,196

1.95

1.92

1.89

1,316

1,182

1.65

834 632

1.59

757

1.46

813 808

559

635

498

464

533

519

31

457

401

143

142

$1.43M

$1.42M $1.37M

$1.30M

$1.21M

$1.17M

$1.18M

$1.16M

$1.13M

$1.13M

$1.09M

$1.07M

$1.06M

Apr-20

Mar-21

Apr-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

400

300

60%

54%

200

47%

45%

33%

23%

100

17%

14%

12%

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+

S-LRATIO SALES INVENTORY

29 13 45%

3 1 33%

66 11 17%

190 103 54%

392 234 60%

419 195 47%

167 39 23%

156 18 12%

155 21 14%

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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