Cloverdale BC, Surrey Townhouse Market Report – February 2021

In February 2021, the Cloverdale BC, Surrey townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 30%. It is currently a strong seller's market in Cloverdale BC, Surrey, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

27 townhouse properties sold in Cloverdale BC, Surrey during February 2021 based on MLS® records. There were 90 active listings at the start of the month. A total of 27 new listings came to market during the month.

The average townhouse sold price in Cloverdale BC, Surrey in February 2021 was $677,333. Sold prices ranged from $335,000 to $945,000. Data is sourced from MLS® board records.

In February 2021, townhouse properties in Cloverdale BC, Surrey averaged 7 days on the market before selling. With an absorption rate of 30%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Cloverdale BC, Surrey in February 2021 was $677,333, down 10.3% year-over-year compared to February 2020 ($755,000). Sales volume was up 2600% compared to the same month last year. Data is sourced from MLS® sold records.