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Current: North Langley is in a Stable Market with normal listing inventories, a 14 %SOLD rate and a 93% Sell/List Ratio.
(This means that there is an average of a $96,900 Discount on a sale from the original list price)
Most Active Range: Homes below $1.35 mill. have 25.8 %SOLD rate resulting in a Seller Market
Least Active Range: Homes between $1.7 mill. - $2.2 mill. have 3.1 %SOLD rate.
History: The North Langley Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $115,157.
The North Langley Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $140,770.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: North Langley has an average Listing supply; 82 homes are for sale and with the strong 14%SOLD monthly rate gives us a ~6 months of inventory. 15% of the active listings have reduced their price by $86,913 on average and $90,500 on median in the last month.
Greater Vancouver December 2022:
The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December! We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.
Fraser Valley December 2022
In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average. We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .
Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.
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