surey CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 11% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 10% VS 2022
▲ 115% VS 2022
▼ 60% VS 2022
Therewere466 condolistingsin Sur eyin January,0.4% aboveD ecem berand 115% higherthan January2022. January condo salesdecreased by 16% m onth-over-m onth,to 87,and were60% below January 2022. Thesales-to-listing ratio forcondosin Sur ey,at19%, reflected abalanced m arket. Thecondom edian pricein Januarywas$508,000,a6% changefrom D ecem berand 10% below January2022. Theaveragesold pricewas$528,378,7% abovelast m onth;theaveragePSF salepricewas$666,up 4% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 216 217
% Change
No. 22% 104 464
% Change
TOTALLISTINGS TOTALSALES
$666 $528,378 $508,000 19% 87 466
-11% -7% -10% -81% -60% 115%
-17% -16% 0.4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$745 $565,866 $562,000 100%
$638 $493,742 $480,000
4% 7% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
590
577
622
618 619
580
579
436
466
495
464
368
377
217 216
209
274
265
168
221
130
104
165
136
87
16
$562K $575K $570K $590K
$545K $540K $535K $515K $506K
$530K $515K
$480K $508K
SURREY
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
300
100%
4+ bdrms
250
200
3
3 bdrms
150
22
100
50
2 bdrms
20% 20%
242
14% 13%
50
0
34
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
40 8 20%
289 59 20%
128 18 14%
8 1 13%
1 1 100%
202
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