TOWNHOME

Currently In The Fraser Valley

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

211 Townhome style homes sold in the Fraser Valley Real Estate Board in November 2023. This represents a decrease of 7 unit sales, or3% 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%.

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, or6%.

$822,913 is the average price for a Townhome style home sold in November 2023; this represents a decrease of $8,742 in the average sales price, or -1.1% when compared to the average price of sales observed last month ($831,655). When comparing the current months average sale price ($822,913) to the average sale price $809,737 observed in November of 2022, the sale price has increased by $13,176, or 2%.

When looking at November YTD Townhome sales for each respective year since 2015, 2023 sales currently rank 7th.