Inventory vs Sales
From April to November 2019, 3br townhouses for sale ballooned and held over 120 units to as high as 135 for sale. Sales during this period varied from 28-30 units (4 months of inventory) on avg $645k range. 2BR saw a significant decrease in inventory in the 60-unit level, being countered by only 13-16 sales (2months of inventory) on avg in the $625k range.
The story here is inventory. If you are looking to Sell or Buy a townhouse in South Surrey have your Realtor investigate into the inventory available. This will either give you ‘options’ as a Buyer or ‘competition’ as a Seller.
Want to keep an eye on the market? Curious what your home is worth? Your neighbours that are selling are the most influential in determining your homes' value. Email Shaun your address and the team can create a custom search for you to keep an eye on the NEIGHBOURHOOD.