Elgin Chantrell, Surrey Townhouse Market Report – May 2023

Elgin Chantrell is one of South Surrey's most exclusive residential communities, known for its large estate homes, equestrian properties, and lush, forested surroundings. Developed primarily in the 1980s and 1990s, the neighbourhood features sprawling detached homes on generous lots, many situated along quiet cul-de-sacs and backing onto Elgin Heritage Park and the Nicomekl River. The area is home to some of the finest custom-built residences in all of Surrey, attracting high-net-worth buyers seeking privacy, prestige, and proximity to nature. Elgin Park Secondary School and Chantrell Creek Elementary serve the neighbourhood's strong family demographic. Highway 99 and 16th Avenue provide efficient connections to the US border, White Rock, and the broader South Surrey commercial district. Elgin Chantrell represents the pinnacle of the South Surrey lifestyle, combining estate-scale living with natural beauty and strong community values.

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4
Units Sold
$1,368,750
Avg Sold Price
16d
Avg Days on Market
Balanced Market
Market Condition
30 active at start of month 7 new listings Absorption rate: 13.3% Highest sold: $1,745,000 Lowest sold: $935,000

How Does May 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2023 (this report) 4 $1,368,750 16d
April 2023 month prior 1 +300% $1,375,000 -0.5% 58d -72.4%
May 2022 year ago 2 +100% $1,610,500 -15%

3-Year Price Trend — Elgin Chantrell, Surrey Townhouse

The Elgin Chantrell, Surrey townhouse real estate market was a Balanced Market in May 2023, with 30 active listings at the start of the month, 4 properties sold, an average sold price of $1,368,750, properties averaging 16 days on market, an absorption rate of 13.3%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Elgin Chantrell, Surrey specialist
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Frequently Asked Questions — Elgin Chantrell, Surrey May 2023

In May 2023, the Elgin Chantrell, Surrey townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.3%. The market in Elgin Chantrell, Surrey is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/06/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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