Langley, Cloverdale Housing Market Trends

 


  Langley, Cloverdale Real Estate Market Reports and  Forecasts    
  Previous
Reports 

Langley, Cloverdale Market Update  (Detached) namely: Brookswood Langley, Langley City, Campbell Valley, Otter District, Salmon River and all the sub-areas of Langley Real Estate Market Update Report.

What are Langley Cloverdale's
Best and Worst Investments?


Archive Peak to Date Price Changes 

Feb 1, 2024

gas gauge

Current:  Langley, Cloverdale is in a Stable Market with average listing inventories, 15 %SOLD rate and a 97% Sell/List Ratio.  
                       (This means that there is an average of a  $49,000 decrease on a sale from the original list price )

Most Active Range:  Homes below $1.4 mill. have high 31.7 %SOLD rate and is in a Seller Market
Least Active Range: Homes between $3.75 mill.-$5.5 have 0 %SOLD rate.

History: The Langley, Cloverdale Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $179,224.
               The Langley, Cloverdale Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $73,443.
               *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes

Forecast: Langley, Cloverdale has an average Listing supply; 361 homes are for sale and with the 15 %SOLD monthly rate gives us a 7 months of inventory. 5% of the active listings have reduced their price by $71,183 on average or $49,100 median in the last month. We project Langley, Cloverdale Detached to be a Stable market.

Greater Vancouver December 2023:

In January 2024, the Single-Family Detached Home Market in Greater Vancouver experienced an average monthly price increase of $3,444. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $3,147. On the other hand, condominium prices have seen an average decline of $3,974 .

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley December 2023:

In January 2024, the Single-Family Detached Home Market in the Fraser Valley experienced an average monthly price increase of $1,040. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $4,281. On the other hand, condominium prices have seen an average decline of $2,095 .

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

   

   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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We thank  Bill Coughlin for his support of these Langley Real Estate Market Updates which include sub-areas such as Langley City, Brookswood Langley, Salmon River, Otter District, Campbell Valley etc. Contact Bill as the Local Expert..... more details.

Langley Real Estate updates include the sub areas Langley City, Brookswood Langley, Salmon River, Campbell Valley, Otter District etc.

Langley Real Estate updates include the sub areas Langley City, Brookswood Langley, Salmon River, Campbell Valley, Otter District etc.

Langley Real Estate updates include the sub areas Langley City, Brookswood Langley, Salmon River, Campbell Valley, Otter District etc.

Langley Real Estate updates include the sub areas Langley City, Brookswood Langley, Salmon River, Campbell Valley, Otter District etc.

Download the full Langley.Cloverdale.Marketupdatereport.PDF

Brookswood Langley, Salmon River, Langley City, Otter District, Campbell Valley and all the sub areas of Langley detailed stats

Brookswood Langley, Salmon River, Langley City, Otter District, Campbell Valley and all the sub areas of Langley detailed stats

Brookswood Langley, Salmon River, Langley City, Otter District, Campbell Valley and all the sub areas of Langley detailed stats

Brookswood Langley, Salmon River, Langley City, Otter District, Campbell Valley and all the sub areas of Langley detailed stats

This Langley, Cloverdale Real Estate Market update includes the sub areas Langley City, Campbell Valley, Brookswood Langley, Salmon River, Otter District, etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report


 

 Langley-Cloverdale                     Real Estate Market Analysis Reports

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.
  

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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