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The Lower Mainland Real Estate Market Reports
Index Vancouver, Downtown-West End, Yaletown, Richmond, East Van, West Van, North Van, South Burnaby, North Burnaby, E.Burnaby-New West, Coquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission, Abbotsford, East vrs West
Langley Real Estate Market Reports and Forecasts Previous Reports
Feb 1 2012 Langley Market Update (Detached) namely: Brookswood Langley, Langley City, Willoughby Heights, Walnut Grove, Salmon River and all the sub-areas of Langley Real Estate Market Update Report.
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Current: Langley city and the Langley district is a buyers market with high listing inventories, a 12%SOLD rate and a 97% Sell/List Ratio. (This means that there is an average of a $14,500 discount on a sale from the original list price)
Most Active Range: Homes between $400,000 and $500,000 have 13.8%SOLD rate resulting in a sellers market. Home sales have average discounts of $22,500 and 34 days on the market.
Least Active Range: Homes $2 mil+ have a 1.8%SOLD (Resulting in 2 sales of 100 listings/ month) averaging 164 DOM.
History: The average home according to Langley Home Price Index * shows price increases of 8% in the months from Dec-July 2011. This $41,848 increase brought the HPI* to $546,459 Year-To-Date the Home Price Index * is virtually the same.
Future: Active Listing Inventory is ~5% higher than the same month YTD. New listings barely exceeded the sales last month meaning that we would see listing levels stabilize next month reducing the over supply.
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We thank Randy Dyck for his support of these Langley Real Estate Market Updates which include sub-areas such as Langley City, Brookswood Langley, Salmon River, Willoughby Heights, Walnut Grove etc. Contact Randy as the Local Expert..... more details.
Download the full Langley.Marketupdatereport.PDF
This Langley Real Estate Market update includes the sub areas Langley City, Willoughby Heights, Brookswood Langley, Salmon River, Walnut Grove, etc.
Click Image to compare previous STR/ MTI graphs
Index Vancouver, Downtown-West End, Yaletown, Richmond, East Van, West Van, North Van, South Burnaby, North Burnaby, E.Burnaby-New West, Coquitlam, Port Coquitlam-Port Moody, Maple Ridge, White Rock, N. Delta, W. Surrey E. Surrey, Langley, North Langley, Chilliwack, Mission, Abbotsford, East vrs West
Langley Real Estate Market Analysis Reports
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