November 2023 - Fraser Valley Real Estate Market Snapshot

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TOWNHOME

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2019

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2022

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SALES

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

2023 900

211 Townhome style homes sold in the Fraser Valley Real Estate Board in November 2023. This represents a decrease of 7 unit sales, or 3% when compared to the 218 sales observed last month. When comparing the current months sales (211 sales) to the 189 sales observed in November of 2022, sales have increased by 22 units, or 12%.

500

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November

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November

December

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

2023

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2022

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INVENTORY

850 Townhome style homes were available for purchase in the Fraser Valley Real Estate Board in November 2023; this represents a decrease of 47 units, or -5% when compared to the 897 units observed in inventory last month. When comparing this months inventory (850 units) to the 909 units of available inventory observed in November of 2022, inventory has decreased by 59 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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November 2023 - Fraser Valley Real Estate Market Snapshot by Fifth Avenue - Issuu