Langley's Real Estate Snapshot – December 2018
Andy Schildhorn • January 15, 2019
It's a sellers market for condos.
For the Langley market, the benchmark sale price was $1,003,000 for detached homes. At the end of the month, there were 55 sales and 268 active listings.
The condo market had 54 sales and 192 active listings. The benchmark sale price was $413,000. Townhomes featured 40 sales, 162 active listings and a $494,700 benchmark sale price.
It’s a seller’s market for condos and townhomes.
For more information on Langley and other neighborhoods call me at 778.835.8957
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
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The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
