Tsawwassen Housing Market Summary (August 2019)

Detached home sales were up for August 2019 (18) when compared to the same month last year (12).  Two sales were above their asking price and one home was at its asking price while the rest of the sales were all below their asking price. The highest priced home sold for $1,375,000 (Spetifore Crescent) and the lowest priced home sold for $805,000 (Windsor Crescent).  On average it took 55 days on the market for these homes to sell. As of today there are 177 active listings on the market compared to 186 listings at the end of August. The highest priced listing currently is $5,888,800 (532 Tsawwassen Beach) and the lowest priced listing is $849,900 (5517 18th Ave). The average list price is $1,582,430.

% of Asking Price

August 2019 - 95.1%

August 2018 - 92.4%

August 2017 - 97.1%

August 2016 - 94.8%

Average Sales Price

August 2019 - $1,092,666

August 2018 - $1,257,167

August 2017 - $1,256,082

August 2016 - $1,274,057

For condominiums and townhouses, the number of sales were up for August 2019 (13) when compared to August 2018 (10).  The highest priced condo/townhouse sold for $765,000 (Centennial Pkwy) and the lowest priced sold for $318,000 (16th Ave). The average sold price was $571,407. Currently there are 109 active listings for condos and townhouses in Tsawwassen (83 last month).  The lowest priced listing is $319,000 (#112-1175 Ferguson Road) and the highest priced listing is $3,480,000 (#604 5055 Springs Blvd). 

Average Sales Price August 2019 - $571,407 August 2018 - $583,113 August 2017 - $680,013 August 2016 - $707,118