the rennie review - May 2021

surey CONDO-APRIL 2021

SALESTO LISTINGSRATIO 55% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 14% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 12% VS2020

▲ 14% VS2020

▲ 7% VS2020

▲ 372% VS2020

Therewere612condolistingsinSureyinApril,16% aboveMarchand7%higherthanApril2020.

Aprilcondosalesdecreasedby10%month-over-month, to335,andwere372%aboveApril2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 71% 374 529

%Change

Thesales-to-listingratioforcondosinSurey,at55%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

55% 335 612

$512 $416,293 $395,000 12% 71 574

343% 372% 7%

3% -0.7% -1.1% -23% -10% 16%

ThecondomedianpriceinAprilwas$450,000,a1.1% decreasefromMarchand14%aboveApril2020. Theaveragesoldpricewas$465,443,0.7%belowlast month;theaveragePSFsalepricewas$583,down3%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$583 $465,443 $450,000

$567 $468,840 $455,000

14% 12% 14%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

862

814

814

907

873

737

630

612

647

640

529

574

519 328

374

335

242

232

206

181

220

206

201

82

181

71

$455K

$450K

$440K

$415K

$415K

$415K

$406K

$406K

$400K

$400K

$403K

$400K

$395K

SURREY

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

400

4+bdrms

2

300

13

60%

3bdrms

200

55% 57%

40

46%

198

100

2bdrms

369

0

124

<$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

176 97 55%

364 206 57%

63 29 46%

5 3 60%

2 0 n/a

1 0 n/a

1 0 n/a

201

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●

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