Townhouses Market Report

October 2024 Townhouses Market — South Surrey & Vancouver

Townhouses market data for South Surrey & Vancouver — October 2024. Tracking sales volume, average sold price, days on market, and market conditions for townhouses specifically.

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Seller's MarketSouth Surrey & Vancouver townhouses is currently a seller's market. 3.0% sales-to-active listings ratio — homes selling in an average of 16 days, at an average sold price of $1,045,000 — well-priced properties are attracting strong demand.
28
Townhouses Sold (30d)
$1.04M
Avg Sold Price
16d
Avg Days on Market
84
Active Inventory

Townhouses Market Trend — South Surrey & Vancouver

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
May 202618$1,045,00015d$590Seller's
April 202622$1,052,00014d$596Seller's
March 202620$1,047,00015d$591Seller's
February 202616$1,038,00018d$585Seller's
January 202612$1,029,00021d$578Balanced
December 202514$1,021,00019d$572Seller's

Frequently Asked Questions — South Surrey & Vancouver Townhouses

How did the South Surrey & Vancouver townhouses market perform in October 2024?+
October 2024 townhouses data for South Surrey & Vancouver is being compiled. Check back soon, or view the current market report for the latest data.
What is the absorption rate for townhouses in South Surrey & Vancouver?+
South Surrey & Vancouver townhouses has a sales-to-active listings ratio (SALR) of 3.0%, well above the 20% threshold that defines a seller's market. At this pace, active listings are absorbed quickly, often resulting in multiple offers and sale prices near or above asking. If you're thinking of selling, current conditions are very favourable.
Is it a good time to buy a townhouse in South Surrey & Vancouver?+
The townhouses segment in South Surrey & Vancouver is currently a seller's market. The average sold price for townhouses is $1,045,000. Whether now is the right time depends on your personal timeline and budget. A well-informed local agent can identify current value opportunities and help structure a competitive offer in today's townhouses market.
What does the October 2024 market mean for townhouse sellers in South Surrey & Vancouver?+
Townhouses sellers in South Surrey & Vancouver during October 2024 benefited from tight supply and motivated buyers. Well-presented, properly priced townhouses attracted strong activity. A local CMA ensures your list price is calibrated to current sold data.
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What does the October 2024 townhouses market mean for you?

Sharene can explain what these numbers mean for your specific situation — whether you're buying or selling townhouses in South Surrey & Vancouver.

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October 2024 Townhouses Market Report — South Surrey & Vancouver | Sharene Shuster | Sharene Shuster