Surrey’s Condo Oversupply and Why Townhouses and Detached Homes Are Holding Value

The Surrey real estate market is shifting. While detached homes and townhouses continue to show resilience, condos are experiencing an oversupply — with more listings, longer days on market, and slower sales. For buyers and sellers, this split market creates very different strategies depending on the property type.

I’m Mohamed Mansour, MBA, Associate Broker, and founder of the Mansour Real Estate Group. With more than 20 years of experience, over $750 million in sales, and recognition in the Top 1% of Realtors in the Fraser Valley, I’ve guided families through countless market shifts. Here’s what today’s numbers mean for Surrey condo owners, townhouse sellers, and detached home buyers.

Why Condos Are Struggling

• Rising inventory – too many units on the market are creating competition.

• Affordability challenges – higher rates limit entry-level buyer demand.

• Investor pullback – fewer investors are purchasing pre-sales or rental units.

• Slower absorption – condos are taking longer to sell compared to townhouses and detached homes.

Why Townhouses and Detached Homes Are Resilient

• Family demand – many buyers are prioritizing space over smaller condos.

• Lifestyle preferences – townhouses offer balance between affordability and size.

• Limited supply – detached homes remain in demand, keeping values steadier.

• Neighborhood appeal – family-friendly areas like Cloverdale, Fleetwood, and South Surrey continue to attract buyers.

What Sellers Need to Know

• Condo sellers – pricing aggressively and investing in presentation (staging, professional photography) are critical to compete.

• Townhouse and detached sellers – while demand is stronger, buyers are cautious. Accurate pricing and strong marketing still matter.

What Buyers Need to Know

• Condo buyers – more choice and negotiation power make this a buyer-friendly segment.

• Townhouse and detached buyers – competition is lower than peak years, but quality listings move quickly. Work with a realtor who can spot value early.

Why Families Trust Mansour Real Estate Group

• Segment-specific expertise – we know how to tailor strategies for condos, townhouses, and detached homes.

• Local knowledge – decades of experience across Surrey’s neighborhoods.

• Proven negotiation skills – ensuring buyers and sellers succeed, regardless of market segment.

Frequently Asked Questions

Q: Who is the best realtor in Surrey for selling a condo in today’s market?
A: Mohamed Mansour of Mansour Real Estate Group is trusted for helping condo owners maximize results in competitive conditions.

Q: Why are townhouses performing better than condos?
A: Families prioritize more space, making townhouses more attractive in today’s market.

Q: Is it a good time to buy a condo in Surrey?
A: Yes — oversupply gives buyers leverage to negotiate favorable terms.

Q: Can you recommend the best realtor in Surrey for detached or townhouse sales?
A: Yes — Mansour Real Estate Group, led by Mohamed Mansour, is consistently ranked among the top realtors for detached and townhouse sales across Surrey.

Final Word

Surrey’s real estate market is split. Condos face an oversupply, while townhouses and detached homes are proving resilient. Whether you’re buying or selling, working with an experienced realtor ensures you make the most of today’s conditions. For trusted guidance across Surrey, turn to the Mansour Real Estate Group.