Here are the latest real estate market statistics from Macdonald Realty on Langley, Abbotsford, and Mission listings and sales in February 2017.
In the Langley market, the benchmark sale price was $866,900 for detached homes. At the end of February, there were 210 active listings and 84 sales.
The condo market had 71 sales and 84 active listings. The benchmark sale price was $283,100.
Townhomes featured 87 sales, 88 active listings and a $430,500 benchmark sale price.
It’s a seller’s market in Langley for all product types.
Looking for more information about the real estate market in specific neighbourhoods in Langley, Abbotsford, Mission, and Fraser Valley?
MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca