surrey
TOWNHOME - DECEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
3 % DOWN
25 % DOWN
36 % UP
SELLER’S 35 %
At 490, the number of townhome listings in Surrey were 33% lower month-over-month and 25% below this time last year. Townhome sales, at 170, were down 10% vs November but 36% above last December. The sales-to-listings ratio for townhome product in Surrey increased to 35% in December, reflecting seller’s market conditions. The benchmark price in December was $559,200, unchanged from last month and 4% lower vs December 2018. The average sold price was $587,741 (relatively unchanged from November), while the average PSF sales price was $376 (0.5% below November).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 726 189 26%
% Change
No. 650 125 19%
% Change
TOTAL LISTINGS
490 170 35%
-33% -10% 33%
-25% 36% 80%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$559,200 $559,200 $587,741 $588,493
0.0% $581,700 -0.1% $599,894 -0.5% $388
-4% -2% -3%
$376
$378
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$581,700 $560,900 $567,800 $571,400 $567,800 $562,800 $559,200
925
911
849
828
743
650
490
246
221
195
183
170
138
125
SURREY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
35
4+ bdrms
BUYER'S MARKET
121
98
3 bdrms
263
37
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
106
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 January 6, 2020. All data from RealEstateBoardof 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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