October 2023 - Fraser Valley Real Estate Market Snapshot

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TOWNHOME

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SALES

CURRENTLY IN THE FRASER VALLEY REAL ESTATE BOARD IT IS A BALANCED MARKET FOR TOWNHOME STYLE HOMES.

2023 900

218 Townhome style homes sold in the Fraser Valley Real Estate Board in October 2023. This represents a decrease of 60 unit sales, or 22% when compared to the 278 sales observed last month. When comparing the current months sales (218 sales) to the 246 sales observed in October of 2022, sales have decreased by 28 units, or -11%.

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Chart 5: FVREB Townhome Sales Source: Fraser Valley Real Estate Board - REALTORS ®

2023

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INVENTORY

897 Townhome style homes were available for purchase in the Fraser Valley Real Estate Board in October 2023; this represents an increase of 13 units, or 1%, when compared to the 884 units observed in inventory last month. When comparing this months inventory (897 units) to the 958 units of available inventory observed in October of 2022, inventory has decreased by 61 units, or 6%.

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Chart 6: FVREB Townhome Inventory Source: Fraser Valley Real Estate Board - REALTORS ®

Fifth Avenue - Townhome

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