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.

Current:  Langley, Cloverdale is in a Seller Market with average listing inventories, 23 %SOLD rate and a 97% Sell/List Ratio.  
                       (This means that there is an average of a  $19,000 decrease on a sale from the original list price )

Most Active Range:  Homes between $1.55 mill.-$1.7mill  have High 41.5 %SOLD rate and is in a Seller Market
Least Active Range: Homes above $5.5 mill. have 0.0 %SOLD rate.

History: The Langley, Cloverdale Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $389,996.
               The Langley, Cloverdale Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $263,697.
               *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes

Forecast: Langley, Cloverdale has an average Listing supply; 307 homes are for sale and with the 23%SOLD monthly rate gives us a ~4 months of inventory. 8% of the active listings have reduced their price by $83,144 on average or $51,000 median in the last month. We project Langley, Cloverdale Detached to be a Seller market.

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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