Market Report›August 2023›Townhouses
Townhouses Market Report

August 2023 Townhouses Market — White Rock & South Surrey

The White Rock & South Surrey townhouses market recorded 33 sales in August 2023 at an average sold price of $1,107,345. This report covers sales volume, pricing, and days on market for townhouses specifically.

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Buyer's MarketWhite Rock & South Surrey townhouses is currently a buyer's market. 10.3% sales-to-active listings ratio — homes selling in an average of 27 days, at an average sold price of $825,642 — well-priced properties are attracting strong demand.
33
Townhouses Sold
$1.11M
Avg Sold Price
17d
Avg Days on Market
$807,887
Avg $/sqft

August 2023 Townhouses Snapshot

Townhouses Sold33
Avg Sold Price$1,107,345
Avg Days on Market17 days
Avg Price per ft²$807,887

Townhouses Market Trend — White Rock & South Surrey

Sales Volume & Avg Sold Price — up to 24 months
MLS® data · sold properties
MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
June 202630$881,53939d$747,368Buyer's
May 202638$901,68946d$746,527Buyer's
April 202652$862,32645d$773,163Buyer's
March 202640$920,33439d$838,155Buyer's
February 202629$964,08029d$732,684Balanced
January 202626$869,13961d$782,600Buyer's
December 202517$913,97642d$789,378Buyer's
November 202534$944,00438d$799,789Buyer's
October 202540$967,17851d$793,761Buyer's
September 202533$873,80831d$823,005Balanced
August 202530$1,040,73745d$849,237Buyer's
July 202535$1,106,54028d$841,122Balanced
June 202545$959,02729d$802,940Balanced
May 202534$1,062,99126d$814,235Balanced
April 202551$982,08029d$828,678Balanced
March 202543$1,114,09321d$820,535Balanced
February 202537$1,028,15833d$860,482Balanced
January 202541$1,035,03939d$815,476Buyer's
December 202427$1,103,85263d$849,565Buyer's
November 202436$1,018,79437d$801,432Buyer's
October 202438$951,04736d$833,061Buyer's
September 202443$1,042,72319d$851,446Seller's
August 202432$1,138,37035d$831,899Balanced
July 202435$1,065,02022d$871,673Balanced
June 202443$1,105,94927d$908,526Balanced
May 202444$1,040,35718d$855,735Seller's
April 202452$1,081,69822d$883,755Balanced
March 202456$1,037,87233d$850,765Balanced
February 202453$1,098,13725d$875,404Balanced
January 202443$1,030,04227d$836,740Balanced
December 202325$935,05239d$859,432Buyer's
November 202333$1,020,95525d$805,369Balanced
October 202333$1,075,48530d$865,485Balanced
September 202346$1,097,51518d$817,553Seller's
August 202333$1,107,34517d$807,887Seller's
July 202347$1,020,97916d$878,949Seller's

Frequently Asked Questions — White Rock & South Surrey Townhouses

How did the White Rock & South Surrey townhouses market perform in August 2023?+
In August 2023, 33 townhouses sold in White Rock & South Surrey at an average price of $1,107,345, with townhouses spending an average of 17 days on the market at $807,887 per square foot. Buyers had more choice and negotiating leverage.
What is the absorption rate for townhouses in White Rock & South Surrey?+
White Rock & South Surrey townhouses has a sales-to-active listings ratio (SALR) of 10.3%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a townhouse in White Rock & South Surrey?+
The townhouses segment in White Rock & South Surrey is currently a buyer's market. The average sold price for townhouses is $825,642. 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 August 2023 market mean for townhouse sellers in White Rock & South Surrey?+
In August 2023, townhouses sellers faced more competition with increased supply. Pricing accurately and investing in presentation were the key differentiators for a timely sale.
How did August 2023 compare to July 2023 for townhouses in White Rock & South Surrey?+
Compared to July 2023, townhouses sales in White Rock & South Surrey were down 30% (47 vs 33 sold) and the average sold price was up 8% to $1,107,345.
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What does the August 2023 townhouses market mean for you?

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

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August 2023 Townhouses Market Report — White Rock & South Surrey | Randy Dyck | South Surrey White Rock Real Estate