TOWNHOME

Currently In The Fraser Valley

REAL ESTATE BOARD IT IS A BALANCED MARKET FOR TOWNHOME STYLE HOMES.

218 Townhome style homes sold in the Fraser Valley Real Estate Board in October 2023. This represents a decrease of 60 unit sales, or22% 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%.

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, or6%.

$831,655 is the average price for a Townhome style home sold in October 2023; this represents a decrease of $25,749 in the average sales price, or -3% when compared to the average price of sales observed last month ($857,404). When comparing the current months average sale price ($831,655) to the average sale price $778,757 observed in October of 2022, the sale price has increased by $52,898, or 7%.

When looking at October YTD Townhome sales for each respective year since 2015, 2023 sales currently rank 6th.