East Newton, Surrey Townhouse Market Report – February 2022

In February 2022, the East Newton, Surrey townhouse real estate market is classified as a Buyer's Market with an absorption rate of 11.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

21 townhouse properties sold in East Newton, Surrey during February 2022 based on MLS® records. There were 177 active listings at the start of the month. A total of 38 new listings came to market during the month.

The average townhouse sold price in East Newton, Surrey in February 2022 was $916,662. Sold prices ranged from $565,000 to $1,229,900. Data is sourced from MLS® board records.

In February 2022, townhouse properties in East Newton, Surrey averaged 9 days on the market before selling. With an absorption rate of 11.9%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in East Newton, Surrey in February 2022 was $916,662, up 61.4% year-over-year compared to February 2021 ($568,073). Sales volume was down 19.2% compared to the same month last year. Data is sourced from MLS® sold records.