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Current: North Langley is in a Seller Market with normal listing inventories, a 29 %SOLD rate and a 99% Sell/List Ratio.
(This means that there is an average of a $14,000 Discount on a sale from the original list price)
Most Active Range: Homes below $1.35 mill have 42.9%SOLD rate resulting in a Seller Market
Least Active Range: Homes above $3.8 mill. have 0.0%SOLD rate.
History: The North Langley Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $281,469.
The North Langley Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $238,848.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Langley has an average Listing supply; 108 homes are for sale and with the strong 29 %SOLD monthly rate gives us a ~3 months of inventory. 19% of the active listings have reduced their price by $91,780 on average and $ 90,000 on median in the last month.
Greater Vancouver April 2023:
In April, the Greater Vancouver Single-Family Homes increased by a monthly average price of $11,259. This is the 3rd consecutive monthly price increase. Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
Fraser Valley April 2023:
The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices. Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing.
Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.
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