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White Rock / South Surrey Townhouse Market Update August 2021

Home » Market Updates » White Rock / South Surrey Townhouse Market Update August 2021

The Fraser Valley Real Estate Board recently published the MLS® statistics for the White Rock / South Surrey real estate market, among others, for August 2021.

In this post, we’re going to take a close look at key numbers for the White Rock / South Surrey townhouse market for August 2021 – including sales, new listings, active listings, as well as benchmark, median and average prices for townhouses for sale in White Rock / South Surrey.

We're also going to see what kind of shape the townhouse market in White Rock / South Surrey was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.

Home buyers are facing one of the worst supply shortages in Fraser Valley history. Our sales are over 30 per cent above normal, while our housing stock is at levels last seen in the early 80s.

Larry Anderson, President of the Fraser Valley Real Estate Board – President, Fraser Valley Real Estate Board

And we're going to look at how the White Rock / South Surrey MLS® numbers for August 2021 compare with the numbers for August 2020 and for July 2021.

Highlights of FVREB MLS® Data on White Rock / South Surrey Townhouse Listings and Sales

Here's a high-level snapshot of listing and sales activity for White Rock / South Surrey townhouses in August 2021.

  • 72 Sales
  • 65 New Listings
  • 55 Active listings
  • $822,700 Benchmark Price
  • $855,000 Median Price
  • $893,540 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 130.91%, indicating that it was a Seller's Market for townhouses in White Rock / South Surrey in August 2021 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).

Please note: If you want the most accurate and up-to-date data on White Rock / South Surrey MLS® listing and sales activity for townhouses, you need to speak with a real estate agent.

White Rock / South Surrey Townhouse Market Changes

Following are some of the highlights for townhouses for sale in White Rock / South Surrey in August 2021:

  • There were 72 townhouse sales in White Rock / South Surrey in August 2021 – a decrease of -20.88% over August 2020 and a decrease of -1.37% over July 2021
  • There were 65 new listings of townhouses in White Rock / South Surrey in August 2021 – a decrease of -36.27% over August 2020 and a decrease of -8.45% over July 2021
  • The average price of a townhouse in White Rock / South Surrey in August 2021 was $893,540 – an increase of 23.95% over August 2020 and an increase of 2.35% over July 2021

If you're really keen to understand what happened in the market for townhouse in White Rock / South Surrey in August 2021, make sure you check out the next section.

Detailed Overview of the Market for Townhouses in White Rock / South Surrey

Check out the table below for more detailed information on what happened in the White Rock / South Surrey townhouse market in August 2021 and see how it compares with the previous year and previous month.

White Rock / South Surrey Townhouse Stats

Metric Aug 2021 Aug 2020 % Change Jul 2021 % Change
Sales 72 91 -20.88% 73 -1.37%
New Listings 65 102 -36.27% 71 -8.45%
Active Listings 55 203 -72.91% 68 -19.12%
Benchmark Price $822,700 $670,600 22.68% $809,700 1.61%
Median Price $855,000 $684,000 25.00% $800,888 6.76%
Average Price $893,540 $720,906 23.95% $873,044 2.35%

Disclaimer

All of the data for the monthly real estate market updates are taken directly from the MLS® statistics packages that the Fraser Valley Real Estate Board publishes every month.

Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the latest MLS® statistics for the White Rock / South Surrey real estate market.

Or, better still, speak directly with a real estate agent who specializes in White Rock / South Surrey townhouses who will be able to provide you with the most accurate, up to the minute information on – and insights into – the White Rock / South Surrey real estate market.

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