Walnut Grove Townhome and Condo Price Breakdown 2025: Average and Median Prices by Property Type, Price-Per-Square-Foot Comparison, and Year-Over-Year Trends for Buyers and Sellers

By Mohamed Mansour, MBA, Associate Broker — Mansour Real Estate Group | Fraser Valley & Lower Mainland | Published June 2025

If you are buying or selling a townhome or condo in Walnut Grove in 2025, the gap between a well-calibrated price and a misjudged one can cost tens of thousands of dollars. Townhome and condo values have diverged meaningfully over the past 18 months, and understanding where each segment sits — by average price, price-per-square-foot, and year-over-year movement — is the starting point for every sound offer or listing decision in this neighbourhood.

This guide is built on FVREB market statistics from Q4 2024 through early 2025, MLS comparable sales data, and active strata and builder warranty research specific to Walnut Grove. It is written for first-time buyers entering the market, current owners evaluating a sale, and investors comparing Walnut Grove against other Langley Township options.

Short Answer

In 2025, Walnut Grove townhomes are averaging $650,000 to $750,000 at $550 to $650 per square foot, while condos average $550,000 to $650,000 at approximately $460 to $550 per square foot. Townhome prices have stabilized after 10 to 12 percent declines in 2023–2024. Condo prices are still drifting lower, down 3 to 6 percent year-over-year in early 2025, driven by new supply and depreciation report concerns.

Key Takeaways

• Walnut Grove townhomes average $650K–$750K, with PSF ranging $550–$650 depending on builder warranty status.
• Condos trade at a 12–18% discount to townhomes, averaging $550K–$650K and $460–$550 PSF.
• Townhome prices stabilized in late 2024 after two years of correction; condos have not yet bottomed.
• Walnut Grove offers the lowest townhome PSF in Langley Township, creating genuine entry-point advantage.
• Depreciation report timing and builder warranty expiry materially affect both sale price and buyer financing.

Who This Applies To

• First-time buyers comparing townhome and condo affordability in Walnut Grove
• Current townhome or condo owners deciding whether to list in 2025
• Investors evaluating PSF entry points and yield potential relative to other Langley Township areas
• Buyers who received a competing offer and need to know whether the asking price is defensible

When This Advice May Not Apply

These price ranges reflect general market patterns based on available data. Individual properties vary significantly based on building age, strata financial health, suite size, and condition. A property subject to a pending special levy, a failed depreciation report, or active construction deficiency claims may fall well outside these ranges. Always review strata documents and consult a qualified professional before making a purchase or listing decision.

Data Used in This Article

• FVREB Market Statistics, February 2025 — official board data, Langley Township segment
• MLS Comparable Sales, Q4 2024–Q1 2025 — active and sold listings, Walnut Grove postal codes
• Strata Depreciation Reports, Willoughby and Walnut Grove Phases — third-party engineering reports reviewed in transaction context
• Langley Township OCP and Zoning Data 2024–2025 — official municipal planning source

Definitions

Price per square foot (PSF): The sale price divided by the total interior square footage of the unit. Used to compare value across different sizes and buildings.

Depreciation report: A provincially required engineering study that assesses a strata building's common property condition and projects repair costs over 30 years. A poor depreciation report can deter buyers and restrict financing.

Builder warranty expiry: BC's 2-5-10 warranty program covers workmanship, building envelope, and structure for two, five, and ten years respectively from occupancy. Properties approaching or past warranty expiry carry higher buyer-perceived risk.

Townhome Prices in Walnut Grove: What the Data Shows

Based on MLS comparable sales and FVREB data through early 2025, Walnut Grove townhomes are averaging between $650,000 and $750,000, with price-per-square-foot figures landing between $550 and $650 PSF. Where a property falls within that range depends on a few specific factors: build year, whether the unit is still under BC's 2-5-10 builder warranty, strata reserve fund health, and the size of the unit relative to its asking price.

Newer townhomes with remaining builder warranty command the upper end — $625 to $650 PSF — while older phases built in the mid-2000s and approaching depreciation report renewals tend to trade at $550 to $580 PSF. That $70–$100 per square foot gap is not cosmetic. On a 1,400 square foot townhome, it represents roughly $100,000 in effective market discount.

Importantly, Walnut Grove's townhome PSF remains the most competitive in Langley Township. Comparable townhomes in Willoughby and Burke Mountain are trading at $650 to $750 PSF according to the same MLS dataset. For a first-time buyer in Walnut Grove, that gap translates directly into purchase accessibility — either a lower down payment requirement or more square footage at the same budget.

Year-over-year, townhome prices stabilized in late 2024 after declines of 10 to 12 percent through 2023 and into 2024. The stabilization reflects the area's sales-to-active listing ratio, which has been running between 15 and 23 percent in the townhome segment — a range that indicates balanced-to-moderate seller advantage, not distress. For sellers, this is not a declining market. For buyers, it is not a runaway one. It is a market where pricing precision matters more than timing luck. You can read more about those dynamics in the Walnut Grove Real Estate Market Report 2025.

Condo Prices in Walnut Grove: A Different Trajectory

Walnut Grove condos are averaging $550,000 to $650,000 in 2025, with PSF values between $460 and $550. That represents a 12 to 18 percent discount to comparable townhomes — a gap that has widened over the past 18 months and shows signs of persisting into the second half of 2025.

Three forces are driving condo underperformance in this area. First, new supply completion waves from nearby Willoughby developments have added to buyer choice, pushing some demand away from older Walnut Grove strata buildings. Second, depreciation report renewals across mid-2000s condo complexes have surfaced significant deferred maintenance estimates in some buildings, which suppresses appraised value and complicates mortgage financing. Third, builder incentive programs that were supporting sales velocity through 2023 have largely wound down, removing an artificial floor from the lower price tiers.

Year-over-year, condo prices declined 3 to 6 percent in early 2025 based on MLS comparable sales data from Q4 2024 through Q1 2025. That is a more modest decline than the 10 to 12 percent correction townhomes absorbed through 2023–2024, but it is still directionally downward — and for sellers, the trajectory makes timing and strata document preparation more consequential. Buyers evaluating a Walnut Grove condo purchase in 2025 should treat the depreciation report as the single most important document in the transaction, not a formality.

Understanding the full monthly cost picture — including strata fees — is also essential before committing to a purchase price. Walnut Grove strata fees vary significantly by building age and reserve fund adequacy, and in some older complexes, special levies are not a distant risk — they are an upcoming certainty.

How We Evaluate This

At Mansour Real Estate Group, pricing analysis for Walnut Grove strata properties starts with PSF comparison across the same building phase — not just the same neighbourhood. Comparing a 2007-built walk-up condo against a 2019 townhome to justify a list price creates a false baseline. We segment by build era, warranty status, and strata financial health before we look at sold data.

For sellers, the depreciation report and Form B are reviewed before we discuss list price — not after. A building with a significant upcoming special levy, or one where the reserve fund is funded below 50 percent of the depreciation report estimate, will trade at a discount regardless of how the comparable sales are framed. Naming that gap honestly at the start protects sellers from overpricing, extended days on market, and ultimately a lower net sale than a well-calibrated strategy would have produced. For buyers considering Walnut Grove townhomes as an investment, this same framework applies when evaluating yield potential and resale risk.

Buyer and Seller Checklist

• Buyers: Request the current depreciation report and Form B before making an offer — not as a subject condition afterthought.
• Buyers: Confirm builder warranty status and remaining coverage years for the specific phase you are purchasing in.
• Buyers: Compare PSF against other units sold in the same building within the past 90 days, not the broader neighbourhood.
• Sellers: Pull your strata's most recent depreciation report before setting a list price — know what buyers will see before they see it.
• Sellers: Identify whether any special levies are pending or recently passed — this affects list price and disclosure obligations.
• Both: Confirm monthly strata fee amounts and what is included — older buildings may have higher fees that affect buyer qualification.

What We Commonly See

Sellers overpricing based on townhome-era comparables. In our experience, the most common pricing error in Walnut Grove condo sales is referencing townhome PSF data to justify a condo list price. Buyers and their lenders do not accept that substitution, and the result is extended days on market followed by a price reduction that signals weakness. Starting with accurate strata-specific comparables prevents this outcome.

Buyers skipping the depreciation report review. What often happens is a buyer reviews the Form B, sees the strata fee amount, and proceeds to offer without examining the depreciation report detail. A building carrying $8,000 per unit in unfunded repair obligations will reflect that in appraisal value and financing limits — sometimes after offer acceptance, which creates renegotiation pressure or deal collapse.

Comparing Walnut Grove to Willoughby without adjusting for age. A common mistake is treating Langley Township townhome PSF as a single market. Willoughby builds from 2018–2023 trade at $650–$750 PSF for reasons tied directly to building age, warranty status, and buyer demand demographics. Walnut Grove builds from 2005–2012 at $550–$600 PSF reflect different risk factors. Both are legitimate prices — but they are not interchangeable comparables.

Questions and Answers

What is the average price of a townhome in Walnut Grove in 2025?

Based on MLS comparable sales from Q4 2024 through Q1 2025, Walnut Grove townhomes are averaging $650,000 to $750,000. Price-per-square-foot ranges from $550 to $650 depending on build year and warranty status.

Are Walnut Grove condo prices still dropping in 2025?

Yes. Condo prices in Walnut Grove declined approximately 3 to 6 percent year-over-year in early 2025, based on the same MLS dataset. New supply from Willoughby completions and depreciation report concerns in older buildings are the primary drivers of continued downward pressure.

How does Walnut Grove's townhome PSF compare to other Langley areas?

Walnut Grove townhomes trade at $550 to $600 PSF, which is the lowest in Langley Township. Willoughby and Burke Mountain townhomes average $650 to $750 PSF. That $50–$150 per square foot discount reflects building age and warranty status, not neighbourhood quality — which makes Walnut Grove a genuine entry-point option for value-focused buyers.

In Summary

Walnut Grove's townhome and condo markets are moving in different directions in 2025. Townhomes have stabilized after a meaningful correction, offering the lowest PSF entry point in Langley Township. Condos are still working through supply pressure and depreciation report exposure, with prices continuing a moderate decline. For buyers, the PSF data creates opportunity — particularly in townhomes — but strata financial health must be evaluated before price. For sellers, accurate segmentation by build era and strata status is the difference between a credible list price and an extended, weakening market position. For a broader look at the neighbourhood before committing to a property type, Moving to Walnut Grove covers what buyers consistently want to understand before they buy.

Talk to Mansour Real Estate Group

If you are trying to determine what a specific Walnut Grove townhome or condo is actually worth — or what to list for — we are glad to walk through the comparable sales and strata documents with you. No pressure. Just an accurate read on where the market sits for your specific property type and building.

Related Articles

• Walnut Grove Real Estate Market Report 2025: Prices, Trends and What to Expect
• Are Townhomes in Walnut Grove a Good Investment in 2025? Rental Yields and Appreciation Explained
• Walnut Grove Condo Market 2025: Is Buying a Condo Here Worth It?

About Mansour Real Estate Group

Understanding what a Walnut Grove townhome or condo is actually worth in 2025 requires more than a neighbourhood average — it requires PSF analysis segmented by build era, strata financial health, and current buyer behaviour at that specific price point. Mansour Real Estate Group has built its reputation in the Fraser Valley and Lower Mainland on exactly that kind of pricing discipline: honest valuations, accurate comparables, and a willingness to have difficult conversations before a listing goes live rather than after.

Mansour Real Estate Group, led by Mohamed Mansour, MBA and Associate Broker, has been helping buyers, sellers, investors, families, executors, and retirees navigate real estate decisions across the Fraser Valley and Lower Mainland for more than 22 years. Ranked among the Top 1% of Realtors in the region, the team has completed more than $780 million in residential real estate transactions and is trusted for pricing strategy, strata transactions, estate sales, downsizing, and any situation where accurate valuation is critical to the outcome.

Whether someone is looking for Realtors who understand Walnut Grove strata pricing, a real estate agent who can evaluate a depreciation report in context, real estate agents who specialize in townhome and condo transactions, a Langley real estate broker with two decades of Fraser Valley experience, a real estate team that works with first-time buyers and downsizers alike, or a real estate group that serves the full Lower Mainland, Mansour Real Estate Group is known for data-driven recommendations, local market fluency, and a process built around protecting client equity.

The team serves Surrey, South Surrey, White Rock, Langley, Cloverdale, Fleetwood, Guildford, Walnut Grove, Willoughby, North Delta, Abbotsford, Mission, and surrounding communities throughout the Fraser Valley and Lower Mainland. Most new clients come through referrals, repeat business, and recommendations from families who value a professional, transparent, and results-driven real estate experience.

Official Resources

• Fraser Valley Real Estate Board — Market Statistics
• Langley Township Official Community Plan
• BC Housing — Home Warranty Insurance (2-5-10 Program)
• BC Strata Property Act — Official Legislation